What Is Planned Giving?
By: Source: AARP.org Date Posted: 2002-11-22 15:27:48
What is Planned Giving?
Planned Giving is a method that allows you to make maximum use of charitable donations. It often enables you to make gift initially thought to be beyond your means. Depending on your individual circumstances, gift planning may also involve state and federal tax advantages. Visit the sections below for more detailed information.
What are the Benefits to You?
By planning carefully, you may be able to diminish or even completely eliminate income taxes (including capital gains) and transfer taxes (gift, estate and inheritance).
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Bequest
A bequest is a transfer, by will, of property such as cash, securities (stocks), or tangible property to an individual or a charitable organization.
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Charitable Gift Annuities
Donors can take advantage of this very popular charitable giving opportunity that provides a fixed income for life.
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Deferred Gift Annuities
Our deferred gift annuity program allows donors to build their assets, deduct the donation, and provide a lasting gift to their charity of choice.
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Charitable Lead Trusts
A charitable lead trust creates substantial charitable deductions, provides income for the charitable organization to use temporarily and recuperates the principal for the donor or family member in a specified number of years.
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Charitable Remainder Trusts
An AARP Foundation donor creates and funds an irrevocable trust that provides income to the beneficiaries for life, or a term of years, after which the remainder of the trust is distributed to the AARP Foundation and/or other charitable organizations.
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Life Insurance
Life insurance can be a valuable gift because it is leveraged, meaning that a small amount of money (premium) produces a large death benefit. Thus, the donor is credited for a much larger amount than the actual donation (premium).
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Retirement Funds
You may designate the AARP Foundation as the beneficiary of a company pension or profit-sharing plan or a private fund such as an IRA, 401(k) or other qualified pension plan.
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Real Estate
By making a gift of real estate, the donor may reduce a sizeable capital gains tax and at the same time receive a charitable deduction for the full fair market value of the property.
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To learn more about your giving options, please contact:
Office of Planned Giving
Tel: 1-800-775-6776
Email: plannedgiving@aarp.org.
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