Planned Giving
Plan now to give later. Here are the types of planned giving:
- Bequests/Life insurance - A donor decides to leave a fixed amount of his/her assets to charity in their will. (By far the most commonly utilized planned gift).
- Make a gift out of retirement plans - (Does not affect cash flow)
- Charitable Gift Annuity (CGA) – In exchange for your gift to charity, you or 1-2 other annuitant receive a fixed sum each year for life.
- Deferred Gift Annuity – In exchange for your gift to charity, you or 1-2 other annuitants receive a fixed sum each year for life starting at the predetermined dates of first payout.
- Pooled Income Fund – Your gift is pooled in a fund with gifts from other donors. You or other you name receives your gift’s share of the income the fund earns each year for life. Your gift’s share of the fund then goes to charity.
- Charitable Remainder Annuity Trust – Your trust pays a fixed dollar amount to each year to you or others you name for life or a term of years. The remaining assets then go to charity.
- Charitable Lead Annuity Trust – Your trust pays a fixed amount each year to charity for a term of years or one or more lifetimes. The accumulated assets then go back to you or others you name.
- Retained Life Estate – You deed your home or property to charity, but retain the right to live in it the rest of your life, a term of years or a combination of the two.
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