“Planned giving,” sometimes referred to as “gift planning,” is a process for integrating an individual‘s philanthropic goals into the overall tax, estate and financial plan. It often involves a variety of flexible charitable giving vehicles that allow your client to support charitable organizations with larger gifts than from current income. Planned gifts should be structured to dovetail with someone's overall financial and estate plan to meet personal planning objectives while being as tax-efficient as possible.
Note that outright annual gifts made with cash are critical to the daily needs of a charitable organization, but they can be limited in scope by your client‘s immediate cash flow needs. Planned gifts complement a robust pattern of outright annual gifts and allow your client to create a more impactful philanthropic legacy than they believed they could provide.
We have categorized the broad categories of planned gifts as follows according to your clients‘ individual needs:
Your client will receive tax and financial benefits from the gift, remove assets from the taxable estate, and can even use the gift to provide income before the gift is distributed to Gaylord Hospital.
Planned gifts can be funded with any number of assets, including cash, appreciated stock, business interests, tangible personal property, life insurance, retirement plans, real estate, and even mineral interests.
We hope the information on this website will help you grow your practice and expertise by helping you identify the right charitable gift vehicles to meet your clients‘ financial, personal and estate goals.