Advanced Underwriting Consultants

Question of the Day – September 26

Ask the Experts!

QUESTION: What’s a planned gift?

ANSWER: A planned gift is a charitable gift that coordinates with the donor’s financial, tax, or estate planning. The gift might be immediate, or planned for some future date, such as the donor’s death.

Under the right circumstances, a planned gift can help the donor’s favorite charities, while also

  • Generating income for the donor and the donor’s family,
  • Reducing taxes, and
  • Adjusting the timing of a gift to its best advantage.

Making a planned gift can be as simple as designating one of the donor’s charities a beneficiary of an IRA.  Or a planned gift can involve using a sophisticated charitable remainder trust, coupled with life insurance as a wealth replacement tool.

To help your client decide whether a planned gift is right in the client’s situation, enlist the help of the client’s tax preparer and estate planning attorney.

Have a question for the professionals at AUC?  Feel welcome to submit it by email.  We may post your question and the answer as the question of the day.