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Making A Planned Gift Work for You

Do you know the best type of gift for your situation? Test your ability to make money-smart decisions that make a difference.

  • 1. What is the best definition of the term "planned gift"?
  • A. It is making a gift in your will
  • B. It is the gift of a building
  • C. It is the idea of making a meaningful gift to a charitable organization during life or at death
  • D. It is the donation of $25 cash

  • 2. Which of the following are planned gifts?
  • A. Single outright lifetime gift
  • B. A gift in your will
  • C. A charitable trust
  • D. All of the above

  • 3. One example of an outright gift made during your lifetime is
  • A. Long-term appreciated and readily marketable property given today
  • B. A bequest in a will
  • C. A gift of personal property after you're gone
  • D. A gift of your home after you're gone

  • 4. Life insurance gifts typically involve large administrative expenses or one to two years of red tape.
  • A. True
  • B. False

  • 5. A charitable remainder trust provides donors the greatest tax advantages. Which of the below is not one of these advantages?
  • A. An immediate income tax deduction
  • B. Future tax deductions every year
  • C. Elimination of upfront capital gains tax
  • D. Potentially increased lifetime income

  • 6. If one of your financial objectives is to eliminate the tax on capital gains, the best gift might be
  • A. To contribute appreciated stock that you have held for at least a year
  • B. To make a bequest in your will
  • C. To give a gift of real estate that has lost half of its value
  • D. To give cash

  • 7. If you have special possessions, such as a valuable collection or other tangible objects, you should donate those that are suitable for a favorite organization's retention and use.
  • A. True
  • B. False

  • 8. Other than cash, the simplest and most frequently used alternative gift is
  • A. A gift of a stamp collection
  • B. A gift of long-term appreciated and readily marketable property, such as stock and real property
  • C. A gift of a vacation home
  • D. None of the above

  • 9. You should consider making a planned gift if
  • A. You're interested in furthering an organization's mission
  • B. You're interested in reducing taxes
  • C. You're interested in possibly increasing your income
  • D. All of the above

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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.


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