Almost any large nonprofit organization has a planned giving department that will guide you through the maze of giving options available. While planned giving can be very beneficial – and profitable for organizations, it’s also an effective way for you to realize significant tax benefits, have income provided, and be assured that the organization or charity that you’ve supported for years will continue to be provided for in the future.
Navigating through the various planned giving options is not for the faint of heart, and most people will benefit from the assistance provided by a financial planner, who can help you create an estate plan that is centered on the planned giving options you’re most comfortable with. Here are just a few of the options to keep in mind when creating your estate plan:
Leave a Bequest - One of the simplest ways to remember your favorite charity is by giving through a will or living trust, designating an amount or leave a percentage of your estate to the charity of your choice.