Planned Giving is a method of supporting non-profits and charities that enables philanthropic individuals or donors to make larger gifts than they could make from their income. It integrates sound personal, financial, and estate planning concepts into lifetime or testamentary giving. Gifts can be made with cash, equity, or property.
The Benefits to You
There are eight benefits to you for making a planned giving strategy.
- Having the satisfaction of knowing that homeless and working poor individuals will have the tools to maintain permanent housing and increase their income.
- Recognition of your intent with your name listed on the agency’s website and in the annual report.
- Special invitations to agency events.
- Avoiding capital gains taxes on contributions of appreciated, long-term property with respect to certain planned giving vehicles.
- Providing income tax savings through the charitable deduction for the value of the gift (to the extent allowable by the law).
- Retaining income rights for your lifetime and/or those of other beneficiaries.
- Creating the possibility of increased spendable income.
- Eliminating federal estate tax on the value of the interest in property passing to the charity upon the donor’s death.
- Reducing estate settlement costs.
Planned Giving Instruments
You can make a significant contribution to the future of the homeless and working poor in the South Bay through planned giving vehicles, such as the following: Bequests, Charitable Gift Annuities, IRAs and Tax-deferred Accounts, Gifts of Stock, Gifts of Real Estate, Life Insurance
What to Do Next?
Contact Mike Radice, Director of Development, 310-831-0603 x224, MRadice@HarborInterfaith.org.