Getting Started with Planned Gifts
Planned gifts, which combine estate-planning concepts with what are often major charitable gifts, come in many shapes and forms. Some planned gifts are made to organizations after a donor’s death, while others provide a charity with assets while allowing donors to earn an income for a period of time during their life. Sometimes called legacy gifts, these donations have the potential to help sustain organizations’ budgets and futures. Successful planned-giving programs enable nonprofits to generate significant gifts from donors who may not have the ability to give sizable amounts of cash right away.