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Posts Tagged ‘planned gifts’
Planned Giving Gifts in spite of Economy
Sunday, August 9th, 2009
Donors to charitable organizations such as Wayland Baptist University are reluctant to dismiss any liquid assets. If invested funds and retirement plans tanked with the market somewhat, it will only add to the uncertainty.
However, it doesn’t mean that you’ll strike off the university from your generosity. In fact, while thinking of your own, you may want to consider contributing to Wayland’s future. An ideal way for you to do this is through planned giving. You can support Christian higher education and leave a gift down the road to the university. So no matter how large your estate is, it’s a good move to plan ahead.
When you put the university inside your will - whether you give certain assets, a percentage or your estate, or your entire estate - these are planned gifts. People who want to leave a legacy in the future actually have several options to do so: provision by will, charitable remainder annuity trust, charitable remainder unitrust, gift annuity agreement, retirement plans, charitable lead trust, revocable living trust, and planned gifts.
According to Martha Cross, the director of major gifts for Wayland, “If you don’t make future plans, somebody else will decide what will happen to your things and your money. Better do it yourself rather than allow someone who doesn’t know your heart do it.”
Tags: estate, funds, legacy, Martha Cross, planned gifts, Planned Giving, retirement, trust, Wayland Baptist University, will
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Introduction to Planned Giving
Friday, June 19th, 2009
A term that’s commonly used to describe donating to charity during one’s lifetime or after death is called “planned giving.” This is done while meeting your current needs as well as providing for your heirs. Also, it’s typically done with estate planning.
From the perspective of the donor, planned giving may be attractive for many reasons. First, it allows you to give larger gifts out of your existing assets. And it may also reduce your estate taxes or capital gains, earn higher investment yield, or give you an income stream for life, depending on how you set it up. These planned gifts normally appeal to people who are not sure how much assets they’ll need during their lifetimes, and at the same time, want to benefit charitable organizations.
Planned gifts may be used to start a private foundation, create a support organization, establish your own fund at any community foundation, or give to a specific nonprofit organization. The most common planned giving vehicles are beneficiary designations, charitable requests, charitable lead trusts, charitable remainder trusts, and gift annuities.
For more information on these programs, consult an attorney or professional advisor. You can find them in any attorney listings or directories online.
Tags: assets, attorney, attorney listings, capital gains, charitable organizations, directories, Estate Planning, estate taes, gifts, online, planned gifts, Planned Giving
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