LEGACY PLANNING

WHAT IS PLANNED GIVING
Planned giving is a win-win approach to philanthropic donations that supports your favorite nonprofit organization and can benefit you now or in the future. Simply put, “planned giving” is the transfer of assets to a designated nonprofit organization during your lifetime or as part of your estate plan. This approach to giving is “planned” because these assets may not be liquid, have potential tax consequences and are generally transferred via a will or other written means.

IT IS EASY
Planned giving is easy to do and you don’t have to be wealthy to do it. Whether it is naming your favorite charity in your will or trust for a modest amount, or a gift of house and property, there is an easy option that is right for you.

IT CAN INVOLVE ASSETS YOU MIGHT NEVER THINK OF…
A life insurance policy. Real estate. Stocks. A checking or savings account. These are all assets that can be leveraged in planned gifts.

IT CAN GENERATE AN INCOME STREAM
In return for the donation of certain assets, donors may be able to receive a series of regular payments by structuring a charitable remainder trust to return income to them during their lifetimes.

HOW TO GET STARTED
Members of the Legacy Planning Committee can talk with you initially to explain some of your options. The Presbytery provides more in-depth expert planning to help you choose a way to give smarter, meet your needs, and support causes you care about. Our goal is to help you develop a strategy that provides estate planning and financial benefits for you and your family and creates a legacy of support for causes you care about in your community. These plans allow you to make a significant impact even if you are unable to donate right away.

HELP YOUR EXECUTOR
The Legacy Giving Committee of the Southminster Foundation has stressed the need for everybody to have a will. Hopefully, you have already taken action but there is something that you may not have considered: a roadmap.
You’ll make your executor’s job easier by preparing a roadmap listing where certain things are and whom to contact. Once you have created this roadmap, keep it current. Your executor, who is oftentimes one of your children, will love you even more for lightening their burden at a time that will already be difficult enough.

CREATE A ROADMAP

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