GIVING FOR AND IN THE FUTURE
Donors have a variety of ways to support the charities that are important to them and have been a part of their lives. Periodic and annual gifts support operations for not-for-profit organizations and make their missions possible from year to year. Network Knowledge and its three PBS stations rely on such giving to maintain services and the treasury of quality programming which includes children’s educational programs as well as the highly acclaimed series of Downton Abbey.
Some donors prefer to periodically support the capital project fund and do so by contributing a brick in the sidewalk outside the headquarters building in Chatham. That fund can be used to purchase new computers, software upgrades and replace deteriorating office equipment.
While showing support for annual operations, some donors plan ahead in order to make a meaningful and lasting gift that ensures the quality they have enjoyed will be available for a future generation. Donors often plan ahead in order to make a major gift that will have an enhancing effect on their charity. Such gifts are often embedded in estate plans but can also be placed in a trust or charitable instrument that follows the advice of an attorney or an accountant.
These “Planned Gifts” can create benefits of a lasting and major nature.
There are numerous financial instruments and techniques through which a person with charitable intent can benefit those causes he or she supports while gaining many practical benefits. Those benefits include the reduction of a tax burden on an estate, the ability to pass resources to family members without increasing their tax liability, the pleasure of knowing a meaningful tribute has been paid to someone of special significance and the possibility of securing a cash flow for the remaining years of life without concern about the vagaries of the financial markets.
Such gifts should be carefully discussed with a tax professional and, in the cases of financial instruments such as trusts and annuities, with an attorney. If you have an interest in ascertaining more information about planned giving and its benefits contact Dr. Ed Strong, Director of Advancement of Network Knowledge for an introduction to how planning can benefit you and your intended recipient of a gift at firstname.lastname@example.org.