“Donor How To Series” — Part 2: Planned Giving

Posted 05.09.12

Gift with planned giving label

Welcome back to Part 2 of our “Donor How To Series” where we will discuss Planned Giving.  What is planned giving?  It is just that — planning to give a big gift using one of the three ways listed below.  Have you ever wanted to make a large gift to an organization but couldn’t find a way?  Planned Giving allows donors to make larger gifts than they could make from their income. The three types of planned gifts are:

1. Outright gifts that use appreciated assets as a substitute for cash

2. Gifts that return income or other financial benefits to the donor in returns for the contribution

3. Gifts payable upon the donor’s death

A bequest (number three) is perhaps the most popular planned gift that we see here at Central Scholarship.  A bequest is when a donor includes a provision in their will directing that a gift be paid to Central Scholarship after their death or the death of one of their survivors.  Other types of planned giving can include charitable gift annuities, remainder unitrusts, remainder annuity trusts,  lead trusts, life insurance and retirement plans.

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