Benefits of Planned Giving

In addition to making a lasting impact on your community and helping your specific charity or charities, donors may benefit by making a planned gift:

• Reduce income tax
• Reduce or eliminate estate taxes on property in your estate
• Reduce or eliminate built-in capital gains tax on appreciated property, such as stock or real estate that you own
• Increase current income by providing a stream of payments for your life and another life, such as your spouse.

Types of Planned Gifts

Common types of planned gifts include endowed funds, charitable trusts, and bequests or devises. Many people also provide planned gifts to charities with assets such as life insurance policies, retirement accounts, gift annuities, and other life income gifts.

It is important for you to discuss your goals and objectives with a professional advisor, such as an attorney, accountant, trust officer, or financial advisor. They will help you set up a planned gift that will make sure that your charitable intent is carried out in the best manner for you, your beneficiaries, and the charitable organization(s) you have selected.

How to Get Started

Select the professional advisor you plan to work with.

Select the charitable organization(s) to which you'd like to provide a gift.

Determine the amount of your gift.

Decide when you'd like to make the gift.

Choose the type of property and type of planned gift you'd like to make, with a focus on tax benefits as well as minimal impact on you and your beneficiaries.

Act now! Do that one thing today that will make all the difference to your community and your selected charitable organization tomorrow.

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