What is Planned Giving?

Planned giving is a method of charitable support that allows individuals to make larger gifts than they could typically make from their income, pre-planned and post-paid.

Planned Giving

Planned giving is a method of charitable support that allows individuals to make larger gifts than they could typically make from their income, pre-planned and post-paid. There are various methods of planned giving. Before you choose a way to give, it’s important to understand the tax benefits of this option. Giving as much as you want to charity during your lifetime and as part of your estate may help reduce federal estate and gift taxes significantly. Gifts made to qualifying charities, specifically, may be exempt from federal gift taxes.

There are three primary types of planned gifts:

  • Outright gifts use appreciated assets as a substitute for cash.
  • Gifts that return income or other financial benefits to the donor in return for the contribution
  • Gifts payable upon the donor’s death

A term many donors may be familiar with is estate planning, an option that allows donors to give to a charity in their wills or during their lifetimes. It’s important to balance your income needs and the needs of your beneficiaries with the tax benefits of giving now, as well as the ability to enjoy the act of giving during your lifetime.

Please call 337-430-5353 or email SWLAFoundation@christushealth.org to discuss your family’s goals, desires and opportunities. We are happy to help in any way we can.

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