A Quaker Vision Aligned With Your Goals
What do you want your impact as a Friend to be? How can you align your giving with your long-term goals?
When considering your gift to Quaker faith, know that you can direct gifts and bequests specifically to 11 existing endowments. You can also create a new endowment for gifts over $500,000.
A Simple Solution — the Legacy Fund
Legacy Fund income supports operating costs at PYM. This is a convenient way to endow your annual fund giving in your own name or to honor parents or loved ones. Honorees are named in PYM’s annual donor list.
Legacy Fund gifts and bequests and capture how a person’s life speaks through short biographical sketches placed on the PYM website.
The minimum Legacy Fund contribution is $1250.
| Legacy Fund | Annual Fund |
|---|---|
| Gift size | Annual Impact* |
| $1,250 | $50 |
| $2,500 | $100 |
| $5,000 | $200 |
| $5,000 | $200 |
| $10,000 | $400 |
| $20,000 | $800 |
| $25,000 | $1,000 |
| $50,000 | $2,000 |
| $100,000 | $4,000 |
| $125,000 | $5,000 |
| $250,000 | $10,000 |
*At Friends Fiduciary’s current and presumptive 4% distribution rate
Deepen Existing Legacies
Philadelphia Yearly Meeting has 11 endowments to which funds may be added. These endowments benefit programs, individuals, and meetings or communities, increasing and amplifying the Quaker presence in the world.
Funds that Support Individuals with Needs
- Aging Grant Fund: Assists PYM Friends in financial need, age 60 or over
- Arlene Kelly Fund: Makes Friends Counseling Services financially accessible to all Friends
- Friends Institute: For Young Adult Friends in travel ministry, service, witness, and Quaker study
- General Aging Fund: Programs and staffing to care for older Friends
Funds that Support Communities, Peace or Equality
- Quaker Fund for Indigenous Communities: For initiatives that support communities and preserve cultural heritage
- Ridgway Scheirer Peace & Concerns: Peace and equality work
Funds that Support Education
- Jonathan E. Rhoads Fund: Tuition assistance to PYM students in PYM schools
- Mary Jeanes Fund: Post-secondary education grants for PYM members and their dependents
- Samuel Jeanes Education Fund: Religious and youth education
Funds that Support Construction and Repair
- Samuel Jeanes Fund: Repair and construction of meetinghouses that are in active use
Funds that Support all PYM Work
- Legacy Fund: Named gifts that perpetuate annual fund giving
Creating a New Endowment
New endowments may be created through bequests or living gifts over $500,000. The Administrative Council of Philadelphia Yearly Meeting and development staff work with the donor to define and accept the fund’s purpose.
To initiate such a process, contact PYM at 215-241-7115
Recognition
Friends who wish to receive recognition for a planned gift or bequest intention join the 1681 Society.
Philadelphia Yearly Meeting’s Unrestricted Bequest Practice
When PYM receives an unrestricted bequest, its gift policy specifies that 25% of the bequest amount is set aside for the Membership Development Fund. Combined funding for Membership Development from unrestricted bequests is limited to $25,000 per fiscal year.
Unrestricted bequest amounts not placed in the Membership Development Fund are invested in General Unrestricted Endowment. This Fund’s unrestricted income supports annual program, community, religious education, and operational costs.
