What Is Planned Giving?
Planned giving is finding ways to make charitable gifts now or after your lifetime while enjoying financial benefits for yourself.
Planned gifts are sometimes referred to as "stop-and-think" gifts because they require some planning and, often, help from your professional advisors. Unlike cash donations, they are typically made from assets in your estate rather than disposable income, and come to fruition upon your death.
The most common planned gift is a bequest in your will or living trust. Other planned gifts include:
- A charitable gift annuity
- A charitable remainder trust
- A charitable lead trust
- An endowment fund
- Retirement plan assets
- Life insurance policies
- A remainder interest in your home
A misconception is that planned giving is only for the "wealthy." The truth is, even people of modest means can make a difference through planned giving.
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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.