Planned giving is often made to seem complex and arcane, something only a handful of experts understand. Getting started is actually quite simple and easy to do. Here are a few basics you should know before you begin.
What is a Planned Gift?
Planned gifts are generally substantial in size, sometimes immediate but most often deferred, usually from donors’ assets rather than their income, and regularly require the assistance of legal or other professional estate planning counsel. There are many types of planned gifts, the most common of which are:
- Simple bequests from donors’ wills or living trusts
- Charitable gift annuities
- Charitable trusts
- Gifts of life insurance, real estate and retirement funds
By far, the most common is the straightforward bequest. For many institutions seeking planned gifts, more than 80% of these gifts consist of cash or other property made in donors’ wills or trusts.
Simpson Senior Services is pleased to offer you a planned giving calculator provided by PhilanthroTec. Please click the link below to see an illustration of how a planned gift might help you reach your philanthropic goals.
PhilanthroTec has been specializing in the development, distribution and support of software solutions for planned giving since 1983. PhilanthroTec’s mission is to increase planned gifts through the development, distribution and support of planned giving calculation solutions.