Your Legacy & The Promise of Home
Estate Planning
A lasting legacy
Gifts of Real Estate & Homes
Promise Community Homes Properties, Inc. is dedicated to buying, modifying and mainlining lifetime homes for adults with developmental disabilities. As the residents age, homes are modified to include wheelchair ramps, handles, and complete room renovations to assure resident safety. Donations of real estate support the mission and the population we serve. When a home is donated, it is evaluated for its suitability for our population. If the home can be appropriately modified, it can be used as a lifetime home for future residents. If not, proceeds from the sale of such homes would be used to sustain our comprehensive specialty housing programming for adults with intellectual and developmental disabilities.
Estate Plan References
The creation or update of Estate Plan including charitable vehicles requires the help of a professional, especially if your family is managing the life of a loved one with a disability or special need. There are many area resources and listed below are a few. Please note, this reference list does not constitute an endorsement by Promise Community Homes Properties, Inc
The Community Legacy
Planned Giving
There are many ways to make a gift that can pay off in big benefits to you, your family, and Promise Community Homes. Below are four generally accepted ways to make a bequest:
Charitable Gift Annuity
Supplemental income with fixed annual payments.
Charitable Remainder Trust
In the right circumstances, this plan can increase your income, reduce your taxes, unlock appreciated investments, rid you of investment worries, and ultimately provide very important support.
Bequests of Real Estate
Avoid capital gains tax on the sale of a home or other real estate by donating real estate to Promise Community Homes.
Bequests
Options include cash or stock bequest, residuary, restricted, or honorary/ memorial bequests in your will.
Designating PCH as a Beneficiary
Below, please find language that you and your attorney may use when designating PCH as a beneficiary. We respectfully request that you notify PCH of your planned gift by calling us (314) 567-1522, so that we may properly acknowledge and document your bequest.
Sample Dollar Amount Bequest Language
To assist you and your attorney in naming PCH as a beneficiary.
Bequest of a specific dollar amount:
“I hereby, give, devise and bequeath [$ DOLLARS] to Promise Community Homes Properties, Inc. a nonprofit 501(c)(3), Tax Exempt ID# 68-0574765, located at 1240 Dautel Lane, St. Louis, Missouri 63146 for Promise Community Homes’ general use and purposes.”
Bequest of specific personal property:
“I hereby, give, devise and bequeath [DESCRIPTION OF PROPERTY] to Promise Community Homes Properties, Inc. a nonprofit 501(c)(3), Tax Exempt ID# 68-0574765, located at 1240 Dautel Lane, St. Louis, Missouri 63146 for Promise Community Homes’ general use and purposes.”
Sample Real Estate Bequest Language
For Designating PCH as the Recipient of a residence or real estate. We have provided some basic bequest language to assist you and your attorney.
For a will or trust:
“I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at [ADDRESS OR DESCRIPTION OF PROPERTY] to Promise Community Homes Properties, Inc. a nonprofit 501(c)(3), Tax Exempt ID# 68-0574765, located at 1240 Dautel Lane, St. Louis, Missouri 63146 for Promise Community Homes’ general use and purposes.”
Deeds:
To ensure the proper transfer of real estate, please consult your attorney to see if a deed is necessary for this type of transfer.
Promise Community Homes accepts gifts of all kinds, including stocks, bonds, cash, and other property. For more information on giving, please contact Promise Community Homes Director of Development Gabrielle Grundy-Lester at GabrielleGL@promisecommunityhomes.org or (314) 567-1522 x209.
*Disclosure
This guide is offered by as an educational service, and not specific legal advice. Please contact an attorney or estate planning professional who is astute in special needs and can create a customized estate plan that truly fulfills your unique family, healthcare, estate and planning circumstances – while honoring your charitable intents.