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Investing in our students

The generous support of many friends and benefactors allows Overbrook School for the Blind to continue to carry out its mission:

“…to develop and deliver education that enhances the options available for persons with visual impairment and other challenges so that they have the greatest opportunity to experience active and fulfilling lives.”

There are many ways to make a tax-deductible donation to Overbrook, including several programs to which you can direct your gift. If you have any questions or for more detailed information, please contact Robert Smith in our Development Office at 215-877-0313, ext. 264 or rsmith@obs.org.

Overbrook School for the Blind is a registered 501 (c)(3) corporation.

Ways to Give

Give a Gift Now! 

Gifts of cash and stock benefit Overbrook’s programs and services today. You can make a gift by writing a check, or by donating online.

 


For check gifts or pledges, please print and complete the donation form and fax or mail the completed form to:

Development Office
Overbrook School for the Blind
6333 Malvern Avenue
Philadelphia, PA 19151-2597
Fax: 215-877-2709  
                       

Become a Friend

Friends are supporters of Overbrook either through consistent giving to the school or through giving a gift of $100 or more.  Friends receive multiple benefits, including invitations to a Holiday Reception at the Director’s house, a Spring Reception in our Cloister Gardens, Fall and Winter Friends’ Newsletters, and recognition in our Annual Report.


Annual Fund

Unless specifically directed, all gifts are applied to Overbrook School for the Blind’s Annual Fund. The Annual fund provides financial support to maintain year-to-year excellence in educating and preparing our students to lead successful lives.  Tax-deductible donations are most often made by check or by donating online. You can also directly contact the Development Office to make specific arrangements.

Program Directed Funds

You can direct your donations to three specific programs: The Early Intervention Outreach Program, Early Intervention Outreach Summer Program and the Low Vision Workshop.  If you would like to apply a gift to another project or program, please contact the Development Office.

Tribute Gifts

Perfect for birthdays, anniversaries, weddings, graduations, or as an expression of sympathy, a tribute gift is a wonderful way to honor family and friends throughout the year. A personal acknowledgment is sent to the family or individual being honored. Tribute gifts are 100% tax deductible. Please consider making a tribute gift to Overbrook that supports our programs and service.

Corporate Matching Gift

Many corporations offer matching gift programs to their employees and their families. Some corporations offer to double or triple an individual’s gift. It is important that you contact the human resource department at your company to obtain a matching gift form. Please contact Overbrook’s Development staff for additional information.

Gifts of Stocks or Mutual Funds

Using appreciated stock or mutual funds is a tax-wise way to fund your gift to Overbrook School for the Blind. Outright gifts of appreciated securities held longer than one year are exempt from capital gains taxes and are deductible at the fair market value at the time of transfer. To avoid exposure to capital gain tax, the stock must be transferred to Overbrook School for the Blind. We then sell the stock from our account. You might also discuss with your financial advisor other vehicles, such as Donor Advised Trusts, by which you can give appreciated stock.

To make a gift of stock now, provide your broker with the following instructions for electronic delivery to Overbrook School for the Blind:

  • Deliver to: DTC#2616

  • Account number: 21-35-001-2097572

  • Account name: OSB Endowment Account

  • Overbrook's Broker:                                            

Julie L. Surman
Trust Officer/Account Manager
PNC Client Services

PNC Advisors, Institutional Investment Group
Charitable and Endowment Management
620 Liberty Avenue, 7th Floor/ MS P2-PTPP-07-1

Pittsburgh, PA 15222

Phone:   412 762 8563 / toll-free 1-888-231-6082

Email:  julie.surman@pnc.com

Please call (215) 877-0313, ext. 264 to notify Overbrook’s Development Office of the transfer details so that we can properly credit your gift and provide you with a letter for tax purposes.

Planned Giving

From its founding in 1832, Overbrook has depended on planned gifts to endow the school and sustain its important mission in the future.  

Planned gifts are easy and can be beneficial to both you and Overbrook and can be tailored to meet you and your family’s unique financial needs and goals.  By remembering Overbrook in your will, establishing a charitable gift annuity or charitable trust, or making Overbrook a beneficiary of your IRA or Life Insurance Policy, you may be able to create a lifetime stream of income for you and/or a member of your family, as well as enjoy a significant charitable income tax or estate tax deduction.

 

Your planned gift can help grow Overbrook’s endowment or can support a specific interest or program. We honor all those who have included Overbrook in their estate plans with membership in the Julius Friedlander Planned Giving Society.

 

Bequest

The most common form of deferred gift to Overbrook is a bequest contained in a person's will or revocable (living) trust. A charitable bequest is a provision in your will that names Overbrook as the recipient of part of your estate.

 

A bequest to OSB will be applied to the school’s endowment. Through its growth from gifts/bequests and earnings, the endowment insures the school’s financial stability by providing the means for the school to maintain and upgrade existing facilities as well as seed money to create new programs in response to changing needs of our students.  When drafting a will, there are various types of bequests for different needs:

  • Specific Bequest: Name Overbrook as the beneficiary of a stated amount of money, a particular piece of property, or a stated percentage of your estate.

  • Residuary Bequest: Designate Overbrook to receive all or a portion of the remainder of your estate once all specific bequests (to family and friends) have been satisfied.

  • Contingent Bequest: Often, individuals provide that assets should go to family members or friends. However, it is important to provide for a contingent beneficiary to receive assets in case your primary beneficiaries predecease you.

Bequests to Overbrook are deductible from your gross estate and can therefore offer potentially significant estate tax savings. There is no limit on the amount you can leave to Overbrook or to other charitable organizations through your will.

Sample Wording: (Please consult an attorney)

"I give, devise and bequeath to Overbrook School for the Blind, a non-profit organization in the Commonwealth of Pennsylvania, the sum of $_____ (or _____% of my estate) (or all of the residuary of my estate) to be used for its endowment.

Beneficiary Designation
By designating Overbrook as the beneficiary of your life insurance or retirement assets, you can enjoy some flexibility in your charitable giving as well as certain tax advantages. Overbrook will receive the specified assets upon your death, and you have the option of changing the eventual recipient throughout your life.

Charitable Gift Annuity

A charitable gift annuity is an easy way for a donor to help Overbrook School for the Blind while also receiving back a regular stream of income. A Charitable Gift Annuity is a simple contract between you and Overbrook School for the Blind.  In exchange for your gift of cash or securities, Overbrook will provide you with a lifelong annuity, a portion of which is tax-free. The rate that determines your annuity payment currently ranges from 5.2 to 9.5 percent, depending upon your age (and/or the age of your other designated beneficiary). A Deferred Charitable Gift Annuity offers you the opportunity to claim a charitable deduction in the year of your gift, but receive payments at later time designated by you.

In addition to a lifelong annuity and an immediate tax deduction, other benefits of funding a charitable annuity include:

  • The fixed annuity payment is sheltered from stock market volatility.

  • Your contributed assets are removed from your taxable estate.

  • You can become a member of the Julius Friedlander Planned Giving Society.

The income you receive is determined by the amount of your gift and your age(s).

Suggested Single Life Gift Rates established by the American Council on Gift Annuities (ACGA), effective July 1, 2010:

Age

Rate

65

5.5%

70

5.8%

75

6.4%

80

7.2%

85

8.1%

 

Charitable Remainder Trust (CRT)

A Charitable Remainder Trust is an agreement between you and a trustee that can provide fixed or variable income to meet your specific financial needs, at the termination of which the remaining assets are passed to Overbrook.

A Charitable Remainder Trust provides you and/or another beneficiary(s) with fixed or variable income for life or for a specific period of time and thereafter distributes the remaining assets in the trust to Overbrook. A Charitable Remainder Trust is individually tailored to meet your needs: you can select the beneficiaries, the trustees (including Overbrook), your income rate, and type of trust.

 

Annual distributions from a Charitable Remainder Unitrust are variable and are based on the value of the principal, re-valued annually. A Charitable Remainder Annuity Trust pays a fixed annual distribution based upon the value of the principal at the time of the gift. Since each trust is individually tailored, there is more flexibility in the type of property that can be donated, including real estate or tax-free municipal bonds.

 

Charitable Lead Trusts

A charitable lead trust can be used to transfer assets to children or others at a significantly reduced tax liability. The trust makes a fixed payment to Overbrook for a specified term, measured either by someone's life or a selected number of years. After the trust term ends, the assets of the trust are either returned to you or passed on to children or other loved ones. If the assets are to be returned to you, you receive an income tax deduction when the trust is created. If the assets are passed on to heirs, applicable estate or gift taxes on the value of the gift are reduced or completely eliminated. The tax savings from a charitable lead trust may allow you to provide significant support for Overbrook at little or no cost to heirs in terms of ultimate inheritance.

A charitable lead trust may provide either a fixed “annuity” payment or a variable “unitrust” payment to Overbrook. Low interest rates make the annuity payment option attractive for donors as more assets may be passed on to heirs.


What is the Julius Friedlander Planned Giving Society?The Julius Friedlander Planned Giving Society honors those who have provided a lasting legacy for tomorrow’s students by making a life-income gift or remembering Overbrook in their will or estate plan.


The Society is named for Julius Friedlander, who was the founding Principal of Overbrook.  From 1832 until his death in 1838, he developed services for students in his own home, constructed the first school building at Twentieth and Race Streets, boosted enrollment to 33 students, and witnessed the production of the first embossed book in the country, the Gospel of Mark, and the publication of the first magazine for the blind, Lux in Tenebris.


Members enjoy an array of benefits, including invitations to special events and listings in important publications, such as our Annual Report.

Donors who have included Overbrook in their estate plans should notify the Development Office (215-877-0313 ext. 264). It is the only way Overbrook will know about the gifts and be able to say "thank you." Recognition of one gift may well inspire generosity in others.

 

Other Forms of Giving

You can also support Overbrook by designating Overbrook through your United Way contribution, through one of the programs listed below or by supporting one of our special events.

A Gift Through the United Way
Designate OSB as the agency you want to receive your contribution through your gift to the United Way. OSB is Agency # 00816.

 

Recycling Fundraising Program

Overbrook participates in the Recycling Fundraiser Program, in which recycling your old electronics can earn money for Overbrook.  You can mail or drop off the following items to the Development Office:  Cell Phones, Laptop Computers, Digital Cameras & Video Cameras, MP3 Players, Inkjet Cartridges (No Toner), GPS Devices, Radar Detectors, Electronic Book Readers, Gold, Silver & Platinum Jewelry.  For more information visit http://www.recyclingfundraiser.com

The Recycling Fundraiser Program cannot make any determination as to the value of the specific item(s) you donate.  Generally speaking, older items will not warrant a tax deduction (but still can be recycled). 

eScrip Program

eScrip is proven to be a wonderful resource for fundraising where participating business partners contribute a percentage of your grocery loyalty cards, credit card, and debit/ATM card purchases to the school, group or organization of your choice.

Here's How it Works

  • You register any one or all of your existing grocery loyalty, debit and credit cards for use in the program by visiting www.escrip.com. 

  • Participating merchants will make contributions to Overbrook, based on purchases made by you, just by using the cards you have registered.

  • Your purchases are tracked and available to you online, allowing you to see just how much Overbrook is receiving!

Target Take Charge of Education
If you have a the Target® Visa® Credit Card, Target Credit Card® or Target Check Card®-or an eligible Target Business Card® you can register it online at www.target.com and Target will make a donation to Overbrook each time you use your card. Visit www.target.com/tcoe to designate Overbrook today!

Special Events
Another way to support Overbrook is through the sponsorship of one of our special events.  We host an annual Pancake Breakfast in March and a Golf Tournament in April.  Sponsorships and in-kind donations to these events help defray our expenses, therefore adding to our net revenue, which goes toward our programs and services.  Another opportunity is if you or your employer is active in supporting particular events – golf tournaments, art auctions, etc.  Please contact the Development Office to see if Overbrook could be a beneficiary of an event.

Attending or participating in our events is a great way to stay connected to Overbrook and its other supporters.  For updates on these events and others, please check our website regularly.  If you would like to be added to our mailing list, please contact the Development Office at 215-877-0313, ext. 264 or karchibald@obs.org.


For more information about donating or planned giving opportunities, please call Kathe Archibald, Development Officer at 215-877-0313, extension 264; fax 215-877- 2709; e- mail karchibald@obs.org
The information provided on this website is general in nature and is not intended to be tax or legal advice applying to your specific situation. You should seek information from a qualified professional advisor when considering a planned gift.