What is a Planned Gift?
There are many technical definitions of planned gifts, including the obvious "any gift that needs planning," but a favorite
is "any gift more complex than an outright gift of cash."
By this definition, a planned gift may be:
- A non-cash outright gift (such as real estate, stocks, or life insurance),
- A bequest (through will or by beneficiary designation in an IRA, a retirement plan or a life insurance policy), or
- A deferred gift (such as a charitable gift annuity, a charitable lead or remainder trust or a pooled income fund).
Each of these types of gifts offers unique opportunities for both the charity and the donor. However, they also hold pitfalls and
have issues that must be carefully addressed. The sections that follow will provide general information about each type of
gift.
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