What is planned to give?

Planned gifts are a form of charity giving, which has advantages for both charity and donors. This form of philanthropic giving is a way for donors to intentionally use gifts, including cash, assets or investments that will benefit the charity or foundation that the donor will provide tax and income benefits. Planned giving is a creative way to take what someone has and use it to provide the most capable good and at the same time limit any financial impact on the donor assets.

Participants of planned giving may not be rich individuals and there are ways to put that there will be no impact on the donor's current lifestyle. Many people hold the will or trust. Non -profit organizations, such as foundations, allow you to include this charity as the recipient of these benefits. For example, a donor can leave cash or percentage of assets and a gift may go to the foundation in general, or can be intended for a targeted purpose. If Circumstance surrounding the life of a donor change, the details of the planned giftKU can be changed similarly.

Another way to achieve planned giving without affecting cash flows is to donate from a pension account. In this scenario, the foundation or other charity foundation must be named as a recipient of a qualified pension plan. After the donor's death, the retirement payment balance is transferred to the basis. There are tax advantages associated with the name of the non -profit organization as the second recipient for a pension plan, mainly avoiding the second layer of tax, which would be handed over to the individual recipient.

planned giving can take different forms. During his life, the donor can expand philanthropic gifts or reserve a gift after death. The gift could be in the form of cash, investment, such as stocks or bonds, or even works of art. Could also include partner shares and insurance contracts.

to donate investment in shares and bonds could donate after determinedTo own securities like one year. These securities can be converted to a charity foundation. For investment, the organization must sell securities for cash.

The benefits for planned giving are, of course, a positive impact on any charity cause. However, the benefits do not end here. Donors of planned giving are entitled to immediate deductions of tax and potential payments of annuity income for life.