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.

STEM EXPERIENCE WITH THE SPACE FOUNDATION

Sat, October 27, 2018 - info

RIDE FOR JUSTICE

Sun, tba, 2018 - info

GOLF TOURNAMENT

Mon, tba, 2019 - info

CHIPS FAMILY 5K ROAD RACE

Sun, tba, 2019 - info

MICHAELA’S GARDEN PROJECT

more info

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HEADLINES

Nov 10 - Cheshire streets twinkle with generosity, hope during 14th annual luminary event
Oct 19 - United Community and Family Services awarded grant
Oct 14 - Girls invited to STEM Experience in Hartford
Oct 9 - Space Foundation and Petit Family Foundation Offer Free Girls STEM Experience in Hartford
Sep 23 - Trail features garden in memory of Michaela Petit
Sep 14 - Gap In Farmington Canal Heritage Trail In Cheshire Filled, And Remembers 11-Year-Old Michaela Petit
Sep 11 - Photos--Chips Petit Road Race by 4Biz Graphics, LLC

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