Ways to Give

Giving to the Geneva Foundation of Presbyterian Homes

Friends and donors are provided with a variety of different opportunities to give to the Geneva Foundation.

Cash

All cash gifts qualify as an IRS charitable deduction.

Does your organization offer a matching gift program? Matching gifts can often double or even triple a donor’s initial gift. Donors simply need to inform their Human Resources Department and the Geneva Foundation of Presbyterian Homes.

 

Charitable Gift Annuities

Charitable gift annuities are a meaningful and simple way to make a lasting gift to the Geneva Foundation of Presbyterian Homes and to receive lifetime income as well as current-year tax savings.

  • A charitable gift annuity is an agreement between a donor and Presbyterian Homes.  Transferred cash or appreciated assets guarantee fixed-dollar payments, which will continue for the lifetime of the donor.
  • Payment of a fixed annual quarterly amount is guaranteed for the lifetime of one person or two people in exchange for a gift. The payout rate depends on the age and number of beneficiaries, and the donor receives a partial income tax deduction in the year the gift annuity is established.
  • The payment rate and tax savings for a charitable gift annuity vary, depending on the age and the number of income beneficiaries. Donors can arrange a one-life or a two-life charitable gift annuity.

Your legal and financial advisors should be consulted when considering a planned gift.

 

Wills and Estate Planning

 

Bequests

Charitable bequests enable individuals to make significant gifts that they may not have been able to make during life. A bequest by will or living trust allows a donor to support the Geneva Foundation of Presbyterian Homes' mission while reducing their taxable estate.

Charitable Gift Annuities

Charitable gift annuities are a meaningful and simple way to make a lasting gift to the Geneva Foundation of Presbyterian Homes and to receive lifetime income as well as current year tax savings.

Charitable Remainder Trusts

With a Charitable Remainder Trust (CRT), a donor transfers property under an irrevocable charitable trust that specifies how trust income and the charitable remainder are to be distributed. The donor retains the right to receive income from the trust, or creates an income interest for another person, and receives a partial income tax deduction in the year the CRT is established.

Charitable Lead Trusts

This type of trust allows a donor to put assets in a trust for a specified amount of time. The Geneva Foundation of Presbyterian Homes then receives all or part of the income generated by the assets held in the trust. At the conclusion of the term of the trust, the assets revert to the donor or family member. Assets transferred to children or grandchildren may lower gift and estate taxes.

Life Insurance

A donor can give a paid-up or existing policy, or simply name the Geneva Foundation of Presbyterian Homes as a beneficiary to receive all or a portion of the policy death proceeds.

Retirement Plan Assets

A donor can designate the Geneva Foundation of Presbyterian Homes to receive any remaining assets of an IRA, Keogh, or other qualified pension or profit-sharing plan.

You should consult your legal and financial advisors when you are considering a planned gift.

 

Securities

A gift of stock, bonds, or mutual funds held for more than six months qualifies for a charitable deduction (based on fair market value) and will significantly reduce the capital gains tax on the appreciated portion of the gift.

Your legal and financial advisors should be consulted when considering a planned gift.

 

Real Estate/Personal Property

Real estate vehicles, or other marketable personal items are important gifts to the Geneva Foundation. The contributor may take a tax deduction for the fair market value of the donation.

Your legal and financial advisors should be consulted when considering a planned gift.

 

Volunteers

Each year our volunteers log tens of thousands of hours of service. They enrich the lives of residents by spending time together. It is the personal service and caring of these volunteers that sets Presbyterian Homes apart from other retirement communities.

Few things match the feeling of knowing that you’ve truly made a difference for someone. When you volunteer your time and effort, the reward can be even greater than it is for those who receive your kindness. If you’ve ever considered volunteering, we’d like to welcome you to Presbyterian Homes.

Volunteers have been an integral part of Presbyterian Homes since its beginning. Today residents and individuals from across our service area continue that commitment to ensure that Presbyterian Homes is a place that nurtures heart and soul.

Click here to learn more about our volunteer opportunites. 

 

The Women's Board of Presbyterian Homes

Founded in 1914, The Woman’s Board of Presbyterian Homes was established as the Women’s Board of Managers. Their initial tasks were to furnish and ‘keep’ the very first Presbyterian Home, a small house on the Near South Side of Chicago serving six vulnerable older adults.

In the early years, the Women’s Board of Managers was the workforce – handling everything from bed linens to admissions and beyond. When the Presbyterian Home moved to Evanston in 1922, residents were expected to help with daily tasks and the Women’s Board worked alongside them, sewing clothes, preparing meals, tending the vegetable gardens and even the goats! These women were pioneers in elder-care, providing a full and active life to the residents of the Home and ensuring their well-being and safety.

Over the years, the mission of Presbyterian Homes continued to grow, and professional staff increasingly supplemented the efforts of the Women’s Board. By 1952 the Women’s Board of Managers had settled into a less managerial role, a change reflected in its new name, the Woman’s Board of Presbyterian Homes. Notwithstanding this name change, the Woman’s Board’s dedication to Presbyterian Homes’ mission of service has endured.

Today, the Woman’s Board aims to create a climate of faith-based fellowship at Presbyterian Homes and therefore seeks to play an active role in the lives of residents. Board members visit residents, transport them to activities, and host various special functions, concerts, and receptions. They operate a variety of inviting shops that serve the needs of residents, staff, and the broader community.  

The impact of the Woman’s Board is profound and broad-reaching. Through proceeds from their shops and an annual appeal, the Woman’s Board funds projects such as the Chaplain Intern Program, and programs that benefit Presbyterian Homes and its charitable mission. The Woman’s Board is proud to have raised over $3 million dollars for the benefit of Presbyterian Homes throughout the years. For more information about the Woman’s Board, please contact Pat Fiorio, Director of Volunteer Services at 847-492-2980 

 

Gifts of Remembrance

Celebrating a life well-lived or life’s special occasions can be marked in a meaningful way through a memorial or tribute gift to the Geneva Foundation of Presbyterian Homes. Click here for a complete listing of the memorial and tribute gifts received by the Geneva Foundation during our last fiscal year, April 1, 2015 to March 31, 2016.

Thank you!