Planned Giving at the Center for Swedenborgian Studies
What is Planned Giving?
First, outright gifts that use appreciated assets as a substitute for cash, such as stock or real property. Donating the asset rather than liquidating and then donating cash can provide a significant tax benefit ;
Second, gifts that return income or other financial benefits to the donor in return for the contribution. The principal of the asset can be donated while the donor retains the income from the asset;
Third, gifts payable upon the donor’s death, usually life insurance, a beneficiary designation on a financial asset, or a bequest in one’s will.
Who Can Participate in Planned Giving?
Everyone. You, for example. There are no restrictions on the size, and few on the type of asset.
What are some examples of planned giving?
Bequests: Name the organization and the asset with specific language in your will. It is not necessary to change the will in its entirety; a codicil will suffice. Please consult our website and your attorney for advice specific to your situation.
Appreciated Securities: Any financial security such as stock, mutual funds, bonds, or real property such as real estate, vehicles, or other items of value can be donated at their appreciated fair market value which is normally tax deductible to the donor.
Life Insurance or retirement plans: name the organization as beneficiary. This may be the simplest method. Please consult our website for specific language.