Planned giving is a type of philanthropy where donors make long-term commitments to support a nonprofit organization. It is an important way to ensure that an organization’s mission will continue beyond the donor’s lifetime. It typically involves donating assets such as cash, stocks, property, or retirement accounts to the organization. There are many types of planned giving, including bequests, charitable trusts, and life income gifts.

Bequests are a popular form of planned giving, and involve a donor leaving a gift to the nonprofit in their will.

Charitable trusts allow donors to donate a portion of their assets to a trust, which can then be used to provide income to the donor and/or their heirs for a set period of time before the remainder of the trust’s assets are donated to the nonprofit.

Life income gifts involve donors gifting assets to the nonprofit, and the nonprofit receives an income stream from the investment of those assets.

Retirement accounts can be given to the nonprofit without ever having to alter your will. They are governed outside of probate so all you have to do is make the request through whoever handles your retirement account.

Planned giving is a great way to ensure that an organization’s mission will continue beyond the donor’s lifetime. Donors can take comfort in knowing that their gift will have a lasting impact on the charity of their choice.

Interested in planned giving? Click below

I’m interested