Planned giving, sometimes referred to as gift planning, may be defined as a method of charitable support that allows individuals or donors to make larger gifts than they could make from their income. While some planned gifts provide a life-long income to the donor, others use estate and tax planning techniques to provide for charity and other heirs in ways that maximize the gift and/or minimize its impact on the donor’s estate.
Thus, by definition, a planned gift is any major gift, made in lifetime or at death as part of a donor’s overall financial and/or estate planning.
By contrast, gifts to an annual fund are made from a donor’s discretionary income, and while they may be budgeted for, they are not planned.
Whether a donor uses cash, appreciated securities/stock, real estate, artwork, partnership interests, personal property, life insurance, a retirement plan, etc., the benefits of funding a planned gift can make this type of charitable giving very attractive to both donors and charitable organizations.
We appreciate your interest in CHRISTUS St. Patrick Foundation, and thank you for taking the time to explore the benefits of planned giving. We have an increasing number of friends who now are benefiting from life income gifts, gift annuities and other plans, and planned giving may well be an effective and fulfilling solution.
Our hope is to serve you and your family with helpful information. Please feel free to call 337-430-5353 or firstname.lastname@example.org to discuss your family’s goals, desires and opportunities.
We are happy to help in any way we can.