Planned giving is an investment in Camp’s future
Planned giving is the process of making a significant charitable gift during a donor’s life or at death that is part of his or her financial or estate plan. Planned gifts make use of legal and tax strategies requiring donors to turn to financial professionals for assistance, whereas a charitable donation made from a person’s cash flow is not defined as a planned gift.
There are many flexible, convenient ways that will help you maximize your charitable gifts. These can include outright gifts of assets, such as appreciated securities or artwork. Other types of planned gifts provide a financial benefit on top of tax deductions for donors. Charitable remainder trusts provide an income stream for individuals, and at the death of the donor, the charity receives what is left in the trusts. A charitable lead trust, on the other hand, produces a stream of funds for a charity, and at the death of the donor, the donor’s heirs receive what remains in the trust. Some planned gifts are payable upon the donor’s death such as a life insurance policy where the beneficiary is a charitable organization.
The tax and financial benefits to donors for planned gifts are intended to help motivate people to support charitable organizations economically. These donations help support worthy causes and are also useful in helping individuals address their own financial needs.
By supporting Camp Ondessonk with a planned giving arrangement, you will help thousands of current and future campers experience Camp and its mission. To begin your planned giving process, please consult with an attorney, tax advisor, or professional estate planner to ensure you are going to realize the greatest benefit from your gift.