Planned giving encompasses a variety of ways that gifts can be made to the church from accumulated resources.
It usually involves financial or estate planning; however, it is not reserved for the wealthy. Planned giving is a means by which anyone concerned with the wise use of his or her personal resources makes a considered choice about their ultimate disposition.
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 establishes a way for a donor to provide for family members while remembering the church as well. It often enables the donor to provide more for his or her heirs and to make a larger gift than thought possible. It often reduces taxes as well.
Planned gifts can be designated for an organization’s general funds or its endowment.
Planned gifts are either outright gifts (i.e., gifts of appreciated securities, real property, personal property, etc.) or deferred gifts (i.e. bequests, charitable gift annuities, charitable trusts).