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Planned giving (or "charitable giftplanning"),
refers to the process of making a charitable gift of estate assets
to one or more nonprofit organizations, a gift that requires consideration
and planning in light of your overall estate plan.
Such gifts usually include legal documents and
often require the assistance of a qualified professional advisor
to complete. San Diego Human Dignity Foundation offers planned giving
support and services. Because of the size and potential impact of
such gifts, we are happy to offer professional advice before completing
the process.
Usually Deferred
Planned gifts are usually deferred, meaning they
are arranged now and fulfilled later. For example, you could include
a provision in your will to make a bequest to San Diego Human Dignity
Foundation. That arrangement would be a "planned" gift.
Or, you might establish a charitable trust that
could provide income to you (or someone else) for a period of time
(usually for life). After this gift-deferral period, the trust would
"mature" and the remaining assets (corpus) would go to
one or more charities. This is called a charitable remainder trust.
Another kind of planning device allows you to
place assets in a trust that pays out income to San Diego Human
Dignity Foundation for a period of years. Then, when this trust
"matures," whatever is left goes back to you or to someone
else that you stipulate. This is called a charitable lead trust.
Another deferred gift instrument is the charitable
gift annuity. This is popular with many donors because it represents
a lifetime contract between the donor and San Diego Human Dignity
Foundation, and because it is relatively simple to understand and
establish. For example, if you were to gift $25,000 to SDHDF, you
would receive, in return, a set amount of money every year for the
rest of your life. You also have the choice of naming someone else
as the annuitant to receive the annuity payments.
Often Irrevocable
Planned gifts can be revocable (as in a will bequest)
or irrevocable (as in a charitable gift annuity). Even though a
deferred gift may not actually benefit San Diego Human Dignity Foundation
for many years, the gift arrangement can generate an immediate income
tax charitable deduction because the future gift has been established
and cannot be recalled. On the other hand, revocable gifts do not
provide immediate tax benefits.
There are numerous planned giving vehicles and
combinations that allow a gift planner to tailor a gift plan. Indeed,
one the of truly fulfilling aspects of charitable gift planning
is the adventure of helping donors find and, in cooperation with
the appropriate advisors, construct the best plan for everyone concerned.
We at the Foundation are here to assist you.
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