Your gifts help us save lives and provide essential services and support to women who are facing unplanned pregnancies. Whether you’re a one-time give or monthly supporter, have you considered planned giving?
Planned giving involves the thoughtful consideration and preparation of charitable donations that extend beyond the immediate moment. Unlike spontaneous or one-time contributions, planned giving consists of a deliberate strategy, often involving financial planning and legal consultation, to optimize the impact of your gift.
Planned Giving Methods
There are many different methods for planned giving, each tailored to suit your circumstances and philanthropic goals. These methods include:
- Bequests: One of the most common forms of planned giving is a bequest. This involves leaving a portion of your estate (such as cash, investments, jewelry, etc.) to a charitable organization through a will or a trust.
- Charitable Trusts: Charitable trusts hold your assets and distribute them to your chosen charity.
- Life Insurance Policies: This is where you name a charitable organization as the beneficiary or owner of your life insurance policy.
- Retirement Accounts: Designating a charitable organization as a beneficiary of retirement accounts, such as IRAs or 401(k)s, presents a tax-efficient strategy for planned giving. By directing retirement assets to charitable causes, you can minimize tax liabilities while supporting organizations aligned with their values.
Benefits of Planned Giving:
Planned giving offers numerous benefits, both for donors and the organizations they support:
- Tax Advantages: Planned giving strategies often yield significant tax benefits, including income tax deductions, estate tax reductions, and capital gains tax avoidance, thereby maximizing the value of charitable contributions.
- Personal Fulfillment: Planned giving gives you the opportunity to leave a meaningful legacy that aligns with your beliefs and values. When you make True Women’s Center a part of your planned giving strategy, you help save lives and create opportunities for families for generations to come.
Next Steps:
Making a planned giving strategy requires careful consideration and expert guidance. If you’re interested in making a planned gift to True Women’s Center, please reach out today to talk about the unique opportunities that are available. It’s also helpful to do the following:
- Consult Financial and Legal Advisors: Seek guidance from financial planners, estate attorneys, and tax professionals to develop a comprehensive planned giving strategy tailored to your unique financial situation and goals.
- Review and Update Plans Regularly: Life circumstances and financial landscapes evolve over time. Periodically review and update your planned giving arrangements to reflect changes in your personal and financial situation.