Planned Giving

The Foundation at HPPC offers services to assist the giver and the giver’s personal counsel in the selection of an appropriate method to create a permanent gift.  Under current Internal Revenue Service regulations, acceptably designed planned giving allows income tax deductions at the time the gift is established.  Additionally, capital gains and estate tax benefits may be obtained.

Types of planned gifts available to the individual for the benefit of The Foundation may be offered through instruments developed in conjunction with organizations such as the Texas Presbyterian Foundation (TPF).   TPF then administers the planned gift on behalf of The Foundation.  Normally, TPF does not charge expenses for this service to the individual. In certain circumstances the asset may continue to be managed by the donor's current investment advisor.

An individual’s counsel may provide or recommend all the services needed to accomplish the planned gift and its administration.  Please advise The Foundation office of your intention to include it in your estate plan.

Some Examples of Planned Gift Types:

Charitable Gift Annuities:

  • Gift Annuity:  An individual makes a gift in return for a contract guaranteeing the donor or the donor and another individual a fixed income for life, with the balance ultimately distributed to The Foundation as a designated charity.  To calculate how this instrument could suit you, click here:  Charitable Gift Annuities Calculator and then click on the "Visit PhilanthroCalc for the Web" link and select Gift Type "Gift Annuity".
  • Deferred Payment Gift Annuity: Often used by a younger donor who desires a larger current charitable deduction, By deferring income for several years, the donor receives a considerably higher payout rate…possibly waiting until retirement to receive payments.

    Generally, the minimum issue amount for both of the instruments above is $2000.

Charitable Remainder Trusts

  • Charitable Remainder Unitrust: This trust is established by a donor with a written trust document prepared by the donor’s personal attorney.  The gifts funding the trust may be cash, securities or other assets, either separately or in combination and the trust is administered by organizations such as TPF as described above.  Trust assets are invested by such an organization which distributes income to specified beneficiary (ies), which may be the donor and/or others.  Income may be distributed for the lifetime(s) of named beneficiary (ies) or for a fixed period of years but no more than twenty.

    The Internal Revenue Service (IRS) issues regulations determining the maximum payout interest rate calculated on the value of the trust at the beginning of each year.  The IRS minimum distribution is 5% of the trust’s value at the beginning of each year. As the value determined each year may vary, the payment amount fluctuates from year to year with the market value of the trust’s investments.

    At the termination of the trust, the remaining assets are distributed to the charity(ies) named by the donor(s), either solely to or including The Foundation at HPPC.

    Generally, the minimum amount of this gift plan is $50,000.
  • Charitable Remainder Annuity: This trust is similar in construction to the Unitrust described immediately above with the exception that the payment to the donor and other specified beneficiaries is fixed at the time the trust is established.  It does not fluctuate form year to year with the changing market value of the trust investments.

    Generally, the minimum amount of this gift plan is $25,000.
  • Charitable Lead Trust

    A charitable lead trust distributes trust income to named charities, either solely to or including The Foundation at HPPC for a period of years.  Thereafter, the assets are transferred to the trust’s beneficiaries, which may include the grantor or other family members.

    Generally, the minimum amount of this gift plan is $100,000.

Other Trusts

Other trust instruments are available and may be suitable for some grantors.  Such instruments would be determined by the grantor and grantor’s personal counsel.  General information is also available through The Foundation office and its Planned Giving Committee.  Contact us at The Foundation office in H116 in the Hunt Building or by phone at 214-526-1766, extension 1244.

Other Charitable Gifts

Outright gifts of cash are a vital and important source of financial support to The Foundation.  Within limits established by the IRS, such cash gifts provide the donor a tax deduction equal to the full value of the gift.  Remember that support of the church budget is primary, but with funds available above and beyond that threshold, the Foundation is a grateful recipient of cash gifts.  Some may wish to consider the tax advantage of giving gifts of securities which have appreciated in value rather than cash.

Significant tax advantages can also result from gifts of residential, ranch or commercial real estate, a business, oil and gas property or mineral rights.

Life insurance provides another opportunity to make a charitable gift to The Foundation.  Committed supporters of church ministries can make a significant contribution through naming the Foundation as the beneficiary, or as one of the beneficiaries, of their life insurance policy(ies).  Individuals may transfer ownership of permanent life insurance policies to The Foundation.  A benefit to the donor is the charitable deduction that may be realized.

Additional Planned Giving Services

To serve donors, The Foundation services named above are available without charge.  Some of the services, however, may involve receiving assets within a trust which involve continued management and/or sale of assets such as securities, real estate, mineral rights and business interests.  The costs related to the administration, management, and/or disposition of such assets are the responsibility of the donor and may be paid directly or deducted from the principal of the gift or shared between both.