Planned giving, or charitable gift planning, refers to the process of making a charitable gift of estate assets to one or more charities. It is a process that requires consideration and planning in light of the donor’s overall estate plan.
Such gifts usually include legal documents and often require the assistance of a qualified professional advisor to complete. Because of the size and potential impact of such gifts, a donor should always consult with his/her professional advisers before completing the process.
Planned gifts are usually, but not always, deferred, meaning they are arranged now and fulfilled later. For example, a person could include a provision in his or her will to make a bequest to the Annandale Village. That arrangement would be a planned gift.
A donor’s personal satisfaction is increased because he/she can make a larger gift and “experience” the implication of his/her gift during his/her lifetime.
Planned gifts can provide the donor with many benefits. The benefits can include an immediate charitable income tax deduction, even though the charity may not receive the gift until a future date; deferral or avoidance of capital gains taxes on gifts of appreciated securities; retained increased income to the donor and/or their family; possible assistance in asset diversification, and most importantly, support for charity.
There are many different planned gift options, each of which must fit your individual circumstances. The goal is to find the option that is most advantageous and most significant to you, to your family, and to the charitable causes you support. Annandale Office of Development can assist you with this process.
Please call Keith Fenton, Chief Development & Marketing officer, at (770) 932-4887 for information and assistance.