Vehicles for Giving

The German Society of Pennsylvania continues to offer new and different programs as well as various cultural experiences with the help of dedicated and generous members and volunteers. With rising energy and other operational costs our financial challenges continue to grow. Therefore, we encourage you to become a German Society Donor.  There are many ways to give your time, talents, and treasures.  We are a 501(c)(3) nonprofit organization and therefore your monetary donations and gifts in-kind are tax-deductible.

Please consider one of the methods below, all of which can be directed toward regular operations, special projects, or the endowment.

Vehicle for Giving
Benefits and Other Considerations
Direct gifts to GSP (cash or stock)
-Immediate benefit to GSP
-No associated costs
-Each donation receives a tax benefit
IRA Funds
-Use IRA funds to benefit GSP during your lifetime
-Significant tax savings since GSP receives funds free of tax obligations
Gifts at Death (Bequests)
-Assets retained during lifetime
-Donations to GSP are deferred
-Easy to arrange; include GSP in wills and trusts
IRA Funds as Bequests
-Designate GSP as beneficiary of IRA funds
-Significant tax savings since GSP receives funds free of tax obligations
-Easy to arrange yourself
Insurance Policy
-GSP beneficiary of life insurance policy
-Simple to activate; specify GSP as beneficiary
-Donations to GSP are deferred
Charitable Gift Annuity*
-Contributions partially deductible in current year and subsequent years
-Income stream to donor
Pooled Income Fund*
-Contributions partially deductible in current year
-Income stream to donor
-Easy to arrange, fees and expenses are low
Charitable Gift Fund*
-Ability to consolidate charitable giving with one account
-Provides tax benefit in current year
-Donor directs amounts and select times when funds are to be given
-Fees and expenses are low
Charitable Remainder Trust*
-Contributions partially deductible in current year
-Income stream to donor or other beneficiary, but not to GSP
-Residual assets eventually transferred to GSP
-Fees and expenses likely substantial
Charitable Lead Trust*
-Assets return to donor or other beneficiary upon death, but not GSP
-Ongoing income stream for GSP
-Tax treatment is complicated
-Fees and expenses likely substantial

* Contact the office to explore your options