Planned giving or planned gifts are the creation of charitable gift annuities that will go to your planned eligible nonprofits (like us!) in the future, usually in the event of your passing. It is “planned” because it is made before the donor’s death through a formal financial or estate plan.
Given and received immediately. They include cash, checks, stocks, bonds, real estate, personal property, and valuable antiques. The donor must provide the organization of choice with the gift and sign over their assets and personal property rights.
Decided upon or given immediately but received by the organization in the future. A charitable remainder trust also falls into this category, as annual payments are made from a donor-provided trust fund. Can include either a fixed percentage of the donor's life insurance policy or a bequest on their behalf. Retirement plans also make good assets, as they can be made through the donor's retirement plan administrator to avoid all tax planning.
Benefit the donor and the organization they donate to. The donor can retain regular investment earnings for years or the rest of their lifetime. This primarily benefits private landowners who have set up a conservation easement, allowing the owner to maintain access to the current economic benefits from their land and potentially make dual income from one of many land trusts.
Much of the planned gifts payable should be done well in advance in coordination with the creation of your will.
Whether you're receiving tax benefits or reduced income for life, enjoy the benefits that your planned giving has to offer.
Be content with the knowledge that after your passing, your legacy gift will assist your chosen organization far beyond your expectation.
Alongside outright gifts, planned gifts are significant donations we receive. Though major gifts are received immediately, the longevity and scale make planned gifts extremely beneficial to our organization. We are so grateful to our loyal members for providing us with donations so far into the future.
