Planned Giving

It is easy to make a gift that provides the maximum benefit to you, your family, and Perkiomen.

• Make a gift in your will
• Designate Perkiomen as a beneficiary of a life insurance policy
• Designate Perkiomen as a beneficiary of a portion of your retirement plan
• Create a trust that provides annual income to you and/or your family and ultimately reverts to Perkiomen
• Create a trust that provides income to Perkiomen and ultimately reverts to your survivors
• Donate property

When you include Perkiomen in your estate planning you combine your personal values and your financial goals in a meaningful way.Membership in the Phoenix Society is automatic for those who have notified the school of their intentions. The Phoenix Society recognizes donors who include provisions in their wills or estate plans to benefit The Perkiomen School and have informed the school of their generosity. If you have done so and have not notified the Office of Alumni and Development, or are interested in learning more about gift planning, please contact Director of Development Karl Welsh at (215) 541-5048.

Qualified Charitable Distribution (QCD) through your IRA 

IRA account holders who have attained age 72 and older may take tax-free distributions from a Traditional or Beneficiary IRA and donate the amount distributed to an eligible tax-exempt charitable 501(c)(3) organization such as Perkiomen School.

Contact your financial advisor or the firm holding your IRA or beneficiary inherited IRA to request a QCD. Please ensure that the custodian makes the check payable directly to Perkiomen School.

• The QCD amount can represent all or a portion of your Required Minimum Distribution (RMD) for the tax year, or more, should that make sense from a tax and estate planning perspective.
• The total of all QCDs for a single tax year cannot exceed $100,000 per individual taxpayer. You may not take receipt of these funds and then issue a personal check for your contribution and qualify for the special tax considerations of the QCD.
• The QCD will be reported by the firm holding your IRA to you and IRS on Form 1099-R as a normal distribution (Code 7) based on your age. You must document the tax-free qualification to the IRS on your federal income tax return (Form 1040). Please visit the IRS website, or contact your professional tax advisor for more information.

Perkiomen School will provide you with a letter confirming your contribution and this should be retained with your tax records.

*Persons who reached age 70 ½ before January 1, 2020 are also eligible.
**You may take a QCD from a Roth IRA; however, since these distributions aren't generally tax-free, the same tax benefits will not accrue, an alternate means of contributing these monies may make better tax sense.