Planned Giving

Planned Giving

Each planned gift is unique and requires special attention. The Foundation staff will attempt to answer any questions you may have. As with any planned giving, a professional personal Financial Advisor should be contacted.

Gifts that do not impact Cash Flow, Lifestyle, or Family Security:

Gifts from your Will or Trust (also known as Bequests): Please be aware a Codicil (an amendment to your existing will) is an easy way to update your will.


McCreadys 4 photo

Note: St. Andrews Place, Inc. was founded thanks to a bequest in the will of Stephen French McCready. It reads:

“To First Presbyterian Church at Richmond, Kentucky, in memory of my beloved wife, Isabel Bennett McCready, to be used to found or enlarge or endow a nursing and retirement home.”

We know first-hand, the importance of bequests. They are an easy way to give simply by adding a codicil (an amendment) to your will.

Since no money is given during the donor’s lifetime, a bequest does not alter one’s current cash flow or finances. It is a safe “investment” for the future of McCready Manor and Telford Terrace.

  • Stock and Appreciated Securities
  • Life Insurance – Lifetime Gifts and Estate Distributions
  • Business Interests, Closely-Held Stock, Partnerships
  • Tangible Personal Property
  • Real Estate
  • Retirement Plan – Lifetime Gifts and Estate Distributions
  • Donor Advised Funds

Gifts that Pay Income:

a. Charitable Gift Annuities

b. Charitable Remainder Unitrusts and Annuity Trusts

c. Flip Unitrusts

d. Pooled Income Funds

Gifts that Protect Assets:

a. Charitable Bargain Sales and Lead Trusts

b. Retained Life Estates

Recognition of All Gifts:

A permanent record is maintained at the Foundation Office. Each person making a gift or bequest is recognized in print through our monthly newsletter. The donor’s name is only listed. If the gift is categorized as Legacy, an annual recognition event is held honoring the members.