Life-income gifts allow you to give and receive an income for the rest of your life or the life of a second person. At the end of the lives of all beneficiaries, the remainder of the gift will be used to benefit the CHPA programs and services of your choice.

Life Insurance:
If you own a life insurance policy that you no longer need, you might consider making Covenant House Pennsylvania the sole owner and beneficiary of the policy. You would receive an income tax deduction for roughly the cash surrender value of the policy. If you give a policy that is not fully paid, you may consider continuing to pay the premiums. You may qualify for a tax deduction for the annual premium amount.

Charitable Gift Annuity:
A charitable gift annuity is a simple agreement between you and Covenant House. A gift annuity provides a fixed income for the lifetime(s) of one or two annuitants. The annual amount paid is determined by rates recommended by the nationally recognized American Council on Gift Annuities. The older the annuitant, the higher the level of income.

Deferred Gift Annuity:
For younger donors, a deferred gift annuity offers increased income and tax benefits. All the features and benefits of a gift annuity are provided with a deferred gift annuity, although income is delayed until a future date you choose, often at your retirement.

For information about these and other planned giving opportunities, such as Life Income Trusts, Charitable Lead Trusts, Charitable Remainder Trusts, IRAs and other Qualified Retirement Plans, please contact Covenant House Planned Giving office (866-268-4687).

For information about donations and support for Covenant House Pennsylvania, please contact Jerome Kilbane, Executive Director, 215-923-8350 ext. 2112 or jkilbane@covenanthousepa.org

Covenant House Pennsylvania is a tax-exempt public charity, as defined by the Internal Revenue Service. Your gift to Covenant House Pennsylvania qualifies as a charitable deduction for federal tax purposes as permitted by law.
The official registration and financial information for CHPA-under21 may be obtained from the PA Dept. of State by calling toll free, within Pennsylvania, 1-800-732-0999. Registration does not imply endorsement.