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THE GEORGE HERMANN SOCIETY
HPC established the George
Hermann Society to recognize donors who have provided for
the future of the organization through bequests or life income
gifts. Through the George Hermann Society, we are pleased
to acknowledge donors who have included Hermann Park Conservancy in their wills or
personal trusts, created charitable remainder trusts, or made
gifts to the Conservancy of life insurance or retirement funds. As a George
Hermann Society member, you can enjoy:
- Opportunities to meet other Society members at
a special event
- Listing of your name in our newsletter and annual report
- Special recognition based on the value of your
gift
PLANNED GIVING
There are several types of legacy gifts, including bequests and
charitable remainder trusts, that you may wish to consider. With
foresight and careful planning, you can ensure that your legacy
will include supporting Hermann Park for years to come.
Bequests (no minimum
contribution to HPC)
One of the easiest and most common ways to make a gift to the
Conservancy is through a bequest in your will. Bequests work particularly
well for supporters who are unable to make an immediate gift,
but would like to commit a legacy gift to HPC now for future use.
There are two basic types of bequests:
1. Specific bequest. A fixed amount of money, stock,
bonds,
or other property is designated for Hermann Park Conservancy.
2. Residuary bequest. Once all other specific gifts
have been distributed, Hermann Park Conservancy receives the remainder (or a portion
of the remainder) of your estate.
The assets you will to Hermann Park Conservancy are deductible for
estate tax purposes.
Charitable Remainder
Trusts
(suggested minimum contribution: $100,000)
If you wish to contribute a significant sum of money
or property in return for income at a rate you determine, you
may want to consider a charitable remainder trust. Charitable
remainder annuity trusts pay a fixed amount based on the initial
fair market value of the gift. Charitable remainder unitrusts
pay a percentage of the trust's fair market value as valued annually.
Both types of trusts allow you to choose the
rate you want (within limits), receive a partial tax deduction,
avoid capital gains tax up front on appreciated securities, and
enjoy other tax advantages.
For more information about making a planned gift to the Conservancy, contact Meghan Miller at 713-524-5876 ext.339. |
