Petit Family Foundation | Planned Giving

Planned Giving is concerned with a gift other than outright cash and involves helping the donor make a gift in a manner that will be beneficial to the donor as well as to the charity such as the PETIT FAMILY FOUNDATION. These gifts can provide immediate funds for the PETIT FAMILY FOUNDATION’s charitable purposes, or the financial benefit may be deferred into the future. From the donor’s perspective, a planned gift can maximize benefits to the donor and his or her family by conserving assets and sometimes by using assets in creative ways. In addition, planned gifts may increase lifetime income and often provide substantial savings in income, gift, and estate taxes. Donors should consult a financial planner, an attorney, and insurance agent or accountant when considering a planned gift.

Some Examples of Planned Giving:

Life Insurance:
Life insurance is perhaps the simplest gift someone can make including designating a portion or percentage of their benefits to a charity such as the PETIT FAMILY FOUNDATION. This can be an existing insurance policy or purchasing a new policy and naming the PETIT FAMILY FOUNDATION as the beneficiary.

Bequests:
A bequest is the process of leaving a gift in your will to the PETIT FAMILY FOUNDATION and can be a specific dollar amount or a percentage of your assets, which can include stocks, bonds, CDs, real estate, vehicles, art, jewelry, and other personal property. This is also a way of honoring a loved one through a memorial gift to the Foundation.

Charitable Trusts:
A charitable trust is simply a trust with a charity named as beneficiary. There are various types of trusts including charitable remainder trust which has two variants, charitable remainder annuity trust (CRAT) which provides a guaranteed annual income, and charitable remainder unitrust (CRUT) which pays an amount based on what the assets in the trust are worth. Another trust is the charitable lead trust which can provide an income stream to the PETIT FAMILY FOUNDATION annually and the remainder reverts to the donor or to another person.

There are many ways of giving and one should consult their attorney, insurance agent, financial planner or accountant as personal needs and wishes can be tailored to individual circumstances. Giving to any charity about which you care can be a fulfilling gesture and can continue the charity’s mission which will make a difference in our community.

ARTS FROM THE HEART COFFEEHOUSE

Fri, May 31, 2013 - info

PLAINVILLE WINGS & WHEELS

Sun, June 2, 2013 - info

GOLF TOURNAMENT

Mon, June 17, 2013 - info

GE 5K ROAD RACE

Sun, July 14, 2013 - info

RIDE FOR JUSTICE

Sun, September 29, 2013 - info

WOMEN IN SCIENCE

tba - info

MICHAELA’S GARDEN PROJECT

more info

ELEGY

more info

HEADLINES

May 14 - Plainville Festival To Feature Airplanes And Antique Cars
May 6 - Connecticut Invention Convention convenes at UConn's Gampel Pavilion
May 3 - Escape Alive provides free self-defense training for women, girls
May 3 - Just in time for Mother's Day, Michaela's Garden plant sale begins
May 2 - Michaela's Garden Project seedling locations
May 1 - Celebrating Women in Science Initiative Launched
April 30 - Connecticut center launches women in science program
April 24 - Save The Date - May 31, 2013, Arts From The Heart Coffee House Fundraiser for PFF (4/24)
April 20 - Parole Hearings: A Prisoner’s Gift; A Crime Victim’s Nightmare…
April 14 - Health Academy Fair underscores success of New Britain program
April 11 - Photos--New Britain High School Health & Wellness Promotion Fair
April 10 - Petit Family Foundation to Fund Girls & STEM Expos
April 9 - Photos--Three Angels Garden-Welcome Spring by Chris Gilleylen
April 5 - Save The Date - June 2, 2013, Plainville Wings & Wheels
April 2 - PFF Annual Golf Tournament Flyer
April 1 - 2013 Petit Road Race Website is up!
March 18 - Petit family member died unexpectedly on Friday
Dennis Chapman featured on this video from Northeast Magazine on Michaela's Garden

The latest photos & videos are here

RECENT GRANTS

Klingberg Family Centers
Safe Haven of Greater Waterbury
New England Air Museum
Interval House
New Britain Academy for Health Professions
The Children's Museum and Connecticut Invention Convention
Connecticut Science Center
CT-ALIVE
The Cove Center for Grieving Children
CWEALF
Discovery Center
New Britain Youth Museum
Women's Mentoring Network, Inc.
YWCA Hartford Region

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