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.

GOLF TOURNAMENT

Mon, tba, 2018 - info

THE PETIT FAMILY 5K ROAD RACE

Sun, tba, 2018 - info

RIDE FOR JUSTICE

Sun, tba, 2018 - info

MICHAELA’S GARDEN PROJECT

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HEADLINES

Oct 28 - Petit Family Foundation awards $5,000 to Bristol Boys & Girls Club Family Center
Oct 24 - TA Restaurant Group Opens First Fazoli’s Restaurant in Southington, Connecticut
Oct 20 - SAVE THE DATE! Chip's Restaurant Thanksgiving Day Breakfast to benefit PFF
Oct 16 - The Morgan Leary Vaughan Fund receives Petit Family Foundation grant in support of regional conference on necrotizing enterocolitis

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RECENT GRANTS

Boy's & Girls Club of Bristol Family Center
The Diaper Bank
Domestic Violence Crisis Center
The Early Childhood Collaborative of Southington
Girl Scouts of Connecticut Inc.
Girl's on the Run Greater Hartford
Leadership, Education, & Athletics in Partnerships, Inc.(LEAP)
Madonna Place, Inc.
Mikey's Way Foundation
The Morgan Leary Vaughan Fund, Inc. (Morgan's Fund)
New Britain Youth Museum/New Britain Institute
The Resiliency Center of Newtown
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