What is planned giving?
Planned giving encompasses a variety of ways that gifts can be made to the church from accumulated resources. Typically, this involves financial or estate planning; however, it is not reserved for the wealthy. Planned giving enables a donor to leave a legacy with maximum impact.
In general, planned gifts are made through:
- A Bequest in a Will
- A Life Income Gift such as a pooled income fund, a charitable gift annuity, or a charitable remainder trust
- Gifts of Special Assets (real estate, closely-held stock, life insurance, retirement accounts)
Planned giving enables a donor to provide for family members while remembering the church as well. Often the donor is able to make tax-advantaged gifts to provide more abundantly to heirs and the church than would otherwise be possible.
Planned gifts can be designated for an organization’s general funds or its endowment. These gifts are either outright gifts (for example, gifts of appreciated securities, real property, personal property) or deferred gifts (for example, bequests, charitable gift annuities, charitable trusts, life insurance, IRAs, bank accounts).
Please call the church office and arrange for a dialog on planned giving.