What is Planned Giving?
Planned giving is the process of making a significant charitable gift during a donor’s life or at death that is part of his/her/their financial or estate plan. Planned gifts make use of legal and tax strategies and/or financial products requiring the help of a professional such as an attorney.
Planned gifts take several forms. There are outright gifts of assets such as cash, securities, or artwork that provide donors with a valuable financial tax deduction during their lifetime. Other planned gifts are payable upon the donor’s death, such as a life insurance policy, IRAs, or investment funds where the beneficiary is a charitable organization.
Another valuable long-term gift to non-profit organization can be made by donating to an established Endowment Fund or Donor Advised Fund.
Why do a Planned Gift?
Along with major gifts, planned gifts are the most significant donations a nonprofit receives. Planned gifts can secure BCC’s future by providing a promise of future funding for the congregation and its activities.