Developing a Planned Giving Strategy

by | Sep 16, 2013 | Estate Planning

Planned giving strategies are critical in order to ensure the money and gifts you’d like to be given in the future are carried out in the way you planned. This is where a planned giving strategy comes into play.

Planned giving strategies consist of a variety of monetary gifts and benefits (see below) that are gifted during or after an individual’s life that benefit a non-profit organization in the future.

These gifts often consist of stocks, bonds, real estate and retirement funds.

Depending on your objectives when making the gift, the assets which you gift are often placed in a trust, such as a charitable remainder trust or charitable lead trust, or another vehicle such as a charitable gift annuity, to carry out your intentions.

When developing a planned giving strategy, it is important to work with a team of professionals to determine the percentage or amount of each “gift” that should be given, what restrictions (if any) should exist and what wording should accompany the plan to be sure the strategy is carried out in the exact way you plan.

There’s great value to the donor when it comes to planned gifts. These include:

  • Avoiding capital gains taxes (in some instances),
  • Retention of individual income,
  • Conversion of assets,
  • The diminishing of business transfer taxes, and more.

If you would like to develop a planned giving strategy to benefit a non-profit organization for the future, it is important to work with a team of  experienced professional to be sure everything is properly planned for and carried out.

Cherewka Law has experience with developing planned giving strategies and is able to work with your financial planner and other professionals to be sure your plan is comprehensive and well-organized. Contact us today to learn more and to discuss options.

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