Category Archive: PHLF News
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Charitable Gift Annuity Rates to drop July 1…Last chance to lock in on higher returns while helping Landmarks
Landmarks is sending this notice because we recently received word that those rates will decrease July 1, which means that the payment to you on any annuity after that date will be lower than on an annuity taken out now.
Charitable gift annuities are a wonderful way to enhance your retirement income and help Landmarks preserve the places that make Pittsburgh home! A charitable gift annuity is an arrangement where, in exchange for an irrevocable gift of money or property, the Pittsburgh History & Landmarks Foundation will pay you (or you and a spouse) fixed payments for life-no matter what happens to the economy. On the death of the last income beneficiary, the remainder is paid to Landmarks to support our preservation mission. The amount of annual annuity income you receive is determined by the number of income beneficiares (just you or you and a spouse) the age or age of the income beneficiaries, the size of the gift and interest rates set by the American Council on Gift Annuities.
For most charitable gift annuities, a substantial portion of the payment is free of tax during the period of your life expectancy and you would be entitled to a charitable deduction, subject to certain conditions, in the year of the gift.
How can I get more information about a charitable gift annuity?
To learn more about your specific situation, contact Jack Miller at jack@phlf.org or 412-471-5808, ext. 538 or use the gift calculator on our web site at http://plannedgifts.phlf.org/design.php to see how you and Landmarks can benefit from you charitable gift annuity. Remember, time is of the essence to lock in the pre-July 1 rates.
NOTE: Any U.S. federal tax references contained herein are not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Landmarks does not provide legal or tax advice. You should always consult your personal legal or tax advisors when considering any planned gift. A copy of the official registration of Pittsburgh History & Landmarks Foundation may be obtained from the PA Department of State by calling toll free, within Pennsylvania 1-800-732-0999. Registration does not imply endorsement.
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Natrona Bank Building Purchased
Landmarks has obtained a charitable bargain sale gift of the Natrona Heights Bank Building for the Natrona Comes Together Association (NCTA) from North Carolina resident Terry Wien.
The century-old building is the focal point of a restoration project being underwritten through the efforts of State Senator Jim Ferlo and is being carried out by NCTA and PHLF.
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National Negro Opera House Hearing at Pittsburgh Council
PREPARED TESTIMONY OF
ANNE E. NELSON, ESQ.
GENERAL COUNSEL
PITTSBURGH HISTORY & LANDMARKS FOUNDATION
BEFORE THE PITTSBURGH CITY COUNCIL
PUBLIC HEARING ON THE NATIONAL NEGRO OPERA HOUSE
CITY HISTORIC STRUCTURE DESIGNATION
MAY 7, 2008
Pittsburgh History & Landmarks Foundation (Landmarks) supports the nomination of 7101 Apple Street, the National Negro Opera House, to be a City-Designated Historic Structure. Built in 1894, this Queen Anne-style house received a historical marker from the Commonwealth of Pennsylvania in 1994, and is included in African American Historic Sites Survey of Allegheny County, published by the Pennsylvania Historical and Museum Commission in 1994, and A Legacy in Bricks and Mortar: African-American Landmarks in Allegheny County, published by Landmarks in 1995.
Therefore, Landmarks supports the designation of this site as a City of Pittsburgh Historic Structure.
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LCCC Invests in Rippey Street
Eugene Matta
PHLF News
March 7, 2008LCCC, a subsidiary of PHLF, provided a $135,000 loan to East Liberty Development Incorporated (ELDI) to renovate two Queen Anne Style houses, located in the 5800 block of Rippey Street, into eight two bedroom, market-rate condominium units.
These historically significant houses were originally built in 1892 by entrepreneur William T. Chaffey. Work is underway on the project.
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Getty II – Campus Heritage Grants, 2007
Eugene Matta
PHLF News
March 7, 2008Under the auspices of the J. Paul Getty Foundation’s Campus Heritage Grants 2007 program, conservation work continues at California University of Pennsylvania, Indiana University of Pennsylvania, Seton Hill University and Washington & Jefferson College.
PHLF’s team of experts includes a historic architect, horticulturist and landscape designer, architectural historian, and an expert in the construction and rehabilitation of historic buildings.
The work is further supported by PHLF’s administrative staff including its Information Officer and Project Manager.
The collection of four colleges, which includes two private colleges and two public universities, is a significant cross section of the cultural and architectural history of Western Pennsylvania’s academic heritage.
Preservation plans for these institutions are being completed with significant participation by the academic and local communities and will broaden the understanding of the importance of these regional resources and spread the preservation and conservation message throughout the region.
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Survey of Greene and Washington Counties
Eugene Matta
PHLF News
March 7, 2008The Farm Survey of Greene and Washington Counties, managed by PHLF under the auspices of the Pennsylvania Bureau of Historic Preservation (“BHP”), is about ninety percent complete.
The survey contains a list of 1,150 farms and farmsteads from both counties and includes photographs and descriptions of historic buildings, uses of farm lands, and potential priorities for easements.
The survey focuses primarily on existing historic structures. For the next steps, Landmarks hopes to work with local organizations from both counties to help promote agricultural tourism.
The survey information will also be compiled in a statewide database managed by the BHP.
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Roberts House stabilization begun
PHLF News
March 7, 2008We announced several months ago that we have acquired the Roberts House in Canonsburg, a rare Victorian structure in the Georgian Manor, exceedingly important in Western Pennsylvania.
We are acting as interim owners with the ultimate goal of transferring it to the newly formed Canonsburg Cultural Trust for an arts and community center.
In the meantime the building required immediate work and we have removed dilapidated wooden appendages that had been added to the building as well as installed temporary shoring to aid in the stabilization of the first floor joists and roof dormers.
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Aeberlie Property Restoration Proceeds
PHLF News
March 7, 2008Last year officials of Allegheny General Hospital, which owns the Aeberlie house on North Avenue next to the hospital, asked us for assistance to find a way to restore and reuse this handsome Victorian building that has been decaying for many years.
PHLF underwrote the costs for Landmarks Design Associates Architects to prepare an initial study and the hospital then hired the firm to proceed with a detailed plan to stabilize the building, make it water tight and restore the exterior.
A grant from the Richard King Mellon Foundation and other funding enabled the hospital to proceed with the work which will greatly improve this important buildings across from the area of the Allegheny Commons that is being restored.
