Introduction to Planned Giving

Planned Giving Summary

Planned giving involves the contribution of money to a charitable or non-profit organization. Distribution of planned giving may occur during the donor’s lifetime or after death. A donor may specify what activities or programs his contribution funds or ask that the donation support the general organization.

Planned giving options allow your estate to make charitable contributions on your behalf after you die.
Planned giving options allow your estate to make charitable contributions on your behalf after you die. | Source

How to Set-Up Planned Giving

Planned giving commonly occurs during the estate planning process. According to PlannedGiving.com, donors may also receive financial gain as a result of a contribution in the form of money market, annuity or trust returns. Options for planned giving include life insurance, retirement products, liquid and fixed assets, wills, trusts and annuities.

Planned Giving Poll

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You choose to donate your residence to charity when creating your planned giving plan.
You choose to donate your residence to charity when creating your planned giving plan. | Source

Planned Giving Considerations

Donors may also donate real estate during the planned giving process, but if the value of the property is estimated at over $5,000, a donor must request an independent appraisal according to PlannedGiving.com. According to PlannedGiving.com, planned giving benefits include estate tax deductions, elimination of capital gain taxes and charitable tax deductions.

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