Simply stated, planned giving is a way of supporting non-profit organizations that allows philanthropic person to make greater gifts than they can make from their yearly income alone. We would like to have numerous donors choose this important path and we will be eternally grateful to them. Have you and your spouse talked about estate planning? Below is some fundamental information and it’s never too early to start this important process.
Donors can use cash, appreciated securities, real estate, personal property, life insurance, artwork, retirement plans and many others to fund a planned gift. The benefits of doing so are attractive to both donor and charity.
The advantage to the donor in planned gifts can be seen in tax benefits. Gifts of appreciated properties allow the donor to receive a charitable deduction for the full market value of the asset and pay no capital gains tax on the transfer.
Gifts such as bequests or beneficiary designations in a life insurance policy or retirement account, which are payable upon the donors death, are exempt from estate tax.
Lion Habitat Ranch, Inc. would be happy to assist you in your effort to arrange a planned gift to the organizations and answer any questions you might have in reference to setting up the designation. We cannot express just how grateful we are to any donor who choose us as their final beneficiary.
Three Key Types of Planned Gifts to Consider
Outright gifts that utilize appreciated assets as a substitute for cash
Gifts that return income or other financial benefits to the donor in return for the contribution
Gifts payable upon the donors death