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Imparting a Generous Legacy

A process called planned giving can help you accomplish your charitable goals. A planned gift is a gift that is made as part of an overall financial or estate plan. Planned gifts have both income components and charitable components.

Planned giving begins during life:

  1. Gifts of Appreciated Assets
    A gift of appreciated assets to a charity will eliminate the capital gains tax. Examples are securities or stock, real estate, business entities or other property that has appreciated.

  2. Planned Gifts that Return Benefits
    Planned gifts can “give back” to the donor over time, providing extra income in retirement years or helping to fund educational expenses, elder care, and other needs of loved ones. A Charitable Gift Annuity is a contract that provides income to the donor and a charitable gift to a ministry. The donor gives a lump sum of money and a foundation pays the donor a monthly income as long as the donor lives. When the donor passes away, any remaining money belongs to the charity.

Planned giving continues through estate planning:

  1. Gifts Payable at Death
    Donors may use estate and tax planning techniques to maximize the gift while minimizing its impact on the donor’s estate. For example, donors may give a variety of assets including business assets to minimize taxation both to the donor estate and the donor’s heirs.