What is Planned Giving?

Planned giving (sometimes referred to as gift planning) is a set way to leave money or assets to a nonprofit at death, or a way to invest money so the donor receives benefits during his/her life and then bequeaths the remaining funds to the nonprofit.

Unlike cash donations, planned gifts are typically made from assets in your estate rather than your disposable income, and come to fruition upon your death.

• Bequest in your will is the act of giving personal property or money as stocks, bonds, and cash left to an individual or organization through the provisions of a will or estate plan.
• Beneficiary designation on a life insurance policy: a beneficiary is the recipient of the proceeds of the policy when the named insured dies.
• Life income gift is a gift arrangement in which the donor makes an irrevocable transfer of property to a nonprofit or charity, and at the same time retains an income interest to his/her benefit.
• Charitable lead trust is an irrevocable trust that is made in favor of a charity or nonprofit and that allows the organization to receive income from the trust property for a specific length of time then leaves the remainder of the trust to designated beneficiaries, usually family members.

Gifts of Securities are gifts of common stocks, bonds, mutual funds, or other appreciated securities that may be made to the Arts Fund Endowment.

We would be happy to discuss possible options with you for making a contribution to the Arts Fund Endowment. Before making an estate gift, we always recommend seeking independent professional legal, accounting, or investment council.