Planned giving is exactly that. In the broadest terms, it is a method of supporting non-profits and charities that enables anyone to make gifts from their assets rather than from their income. By definition, a planned gift is any gift, made while living or at death as part of a donor’s overall financial strategy or estate planning.
There are basically 3 types of Planned Gifts:
As stated earlier, Planned Gifts enable supporters to make larger gifts than they could make from their income. Due to the nature and magnitude of these types of gifts, it can enable the organization to create a level of sustainability in the funding of re-occurring expenses such as scholarships or annual ministry operations support. Often, planned gifts can be designated to go to accounts such as endowments with the expressed intent of creating a long term benefit to the targeted organization.
Planned giving is often intimidating and confusing, regardless of the size of estate a person has. Statistics show that 85% of Americans over 50 don’t have a plan for the distribution of their assets. The good news is that New Life Ranch has an office that focuses on serving our donors to help them understand how to plan their estate to take care of their family, their finances, and philanthropy. This is a free, confidential service to our New Life Ranch friends. None of what you share with our planning office will be shared with us. If you would like to learn more about this service, contact Tim Hale at 918-422-5506, or email him at email@example.com for more information.