Planned Giving
The purpose of a community foundation is to improve the lives of area residents. To succeed in that purpose, we depend on the generosity and good will of our donors.
At some point in their lives, folks start to think about giving back to the community as part of their legacy. This realization typically begs the question of how their philanthropic goals can best be accomplished given their current and future financial picture.
That's when Planned Giving comes into play. Planned Giving is the process of designing a charitable gift so that the donors can realize personal giving objectives while optimizing their tax and other financial benefits.
Did you know that:
- You can receive income for life in exchange for a gift?
- Giving appreciated property, like stocks or real estate, costs less than giving the equivalent amount in cash?
- Some assets can benefit you more if you give them away?
- Some gifts cost nothing now but leave a legacy later?
- Some gifts allow you to pass more on to your heirs and save taxes?
There are many options for giving available, and at least one will fit your purpose. Whether you already have a gift option in mind or you're not sure where to begin, please Contact Us to find out more about the advantages of each Planned Giving option for both you and your community. All conversations, documents and materials are confidential and will not be shared with any person or entity unless you give written permission.
A caveat: We are not financial planners, tax attorneys, or insurance agents. While we would be happy to help you explore your options, we recommend that you seek professional counsel to help guide you in developing your charitable plans.
