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| Today is September 2, 2010 |
2009 Conference, Oct. 14-17, 2009, National Harbor, MD |
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NCPG Resources
| What is Charitable Gift Planning? |
Charitable gift planning is the process of
cultivating, designing, facilitating, and stewarding gifts to charitable
organizations.
Charitable gift planning:
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uses a variety of financial tools and
techniques for giving,
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requires the assistance of one or more
qualified specialists,
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utilizes tax incentives that encourage
charitable giving, when appropriate, and
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covers the full spectrum of generosity
by individuals and institutions, and is based on powerful traditions
of giving in the United States.
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The techniques of charitable gift planning
include both revocable and irrevocable arrangements, gifts available for
use at the time they are given and gifts that may not be available until
a future date and split-interest gifts intended to balance financial,
personal and charitable objectives. These techniques are called planned
gifts.
The tools of charitable gift planning include all types of real and
personal property and tangible and intangible assets.
Donors should seek charitable gift planning advice from professionals
with integrity, expertise, and experience in law, investments, property,
tax, and charitable transfers in order to assure both the technical
merits of the transfer and the philanthropic quality of the gift.
What are Planned Gifts?
Planned gifts are a variety of charitable giving methods that allow you
to express your personal values by integrating your charitable, family
and financial goals. Making a planned charitable gift usually requires
the assistance of the charity’s development professional and/or a
knowledgeable advisor such as an attorney, financial planner, or CPA to
help structure the gift.
Planned gifts can be made with cash, but many planned gifts are made by
donating assets such as stocks, real estate, art pieces, or business
interests—the possibilities are endless. Planned gifts can provide
valuable tax benefits and/or lifetime income for you and your spouse or
other loved one. The most frequently-made planned gifts are bequests to
charities, made through your will. Other popular planned gifts include
charitable trusts and charitable gift annuities.
Why should I make a planned gift?
Many people want to make charitable gifts but need to do so in a way
that helps meet their other personal, family, or financial needs.
Planned gifts give you options for making your charitable gifts in ways
that may allow you to:
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Make a larger charitable gift than you thought possible
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Increase your current income
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Plan for the financial needs of a spouse or loved one
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Provide inheritances for your heirs at a reduced tax cost
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Reduce your income tax and/or avoid capital gains tax
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Diversify your investment portfolio
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Receive income from your personal residence or farm
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Plan for the transfer of your business
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Leave a charitable legacy for future generations
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NCPG Resources
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