“Planned Giving” involves any major gift, made in lifetime or at death as part of a donor’s overall financial or estate planning.
Whether a donor uses cash, equity, property, or something else, the benefits of funding a planned gift can make this type of charitable giving advantageous to both the donor and the WGTC Foundation.
Generally, there are three types of planned gifts:
- Gifts that use 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 donor’s death.
A donor may realize tax benefits from their planned gift. Because current or future charitable benefits are involved, a number of state and/or federal income tax, capital gains, estate and gift benefits may be associated with giving in this manner.