What Is Planned Giving?
Planned giving allows you to make a significant charitable contribution while maintaining your financial security during your lifetime. These gifts are typically arranged through your estate plan and can provide substantial tax benefits while ensuring your philanthropic goals are achieved.
Whether you're looking to support specific programs, establish an endowment, or create a lasting memorial, planned giving offers flexible options that align with your personal and financial circumstances. Your legacy gift can transform lives and communities long after you're gone.
At G A G Charitable Corporation, we work closely with you and your advisors to create a planned giving strategy that honors your wishes while maximizing the impact of your generosity.
Planned Giving Options
Explore the various ways you can create a lasting legacy through our planned giving program
Bequests
The most common form of planned giving, a bequest is a gift made through your will or living trust. You can designate a specific amount, a percentage of your estate, or the remainder after other bequests are fulfilled.
Benefits: Retain control of your assets during your lifetime, flexibility to modify your plans, and potential estate tax deductions.
Charitable Trusts
Charitable remainder trusts and charitable lead trusts allow you to receive income during your lifetime while ultimately benefiting our organization. These sophisticated instruments provide significant tax advantages and income streams.
Benefits: Immediate income tax deduction, potential capital gains tax avoidance, and lifetime income for you or your beneficiaries.
Retirement Account Designations
Naming G A G as a beneficiary of your IRA, 401(k), or other retirement accounts can be one of the most tax-efficient ways to make a legacy gift. These assets are often subject to heavy taxation when passed to heirs.
Benefits: Simple beneficiary designation form, no need to modify your will, and significant tax savings for your estate and heirs.
Life Insurance Policies
You can name G A G as a beneficiary of a new or existing life insurance policy, or transfer ownership of a paid-up policy to our organization. This creates a substantial gift at a relatively modest cost.
Benefits: Affordable way to make a major gift, potential income tax deductions for premium payments, and immediate impact upon policy maturity.
Tax Benefits and Financial Advantages
Planned giving offers numerous financial benefits that can enhance your overall estate planning strategy while supporting causes you care about deeply.
Estate Tax Reduction
Charitable bequests and planned gifts can significantly reduce or eliminate estate taxes, allowing more of your wealth to benefit your heirs and chosen causes.
Income Tax Deductions
Many planned giving vehicles provide immediate or future income tax deductions, helping you reduce your tax burden while supporting philanthropy.
Capital Gains Tax Avoidance
Donating appreciated assets through certain planned giving arrangements can help you avoid capital gains taxes while maximizing your charitable impact.
Estate Planning Considerations
Important factors to consider when incorporating charitable giving into your estate plan
Work With Your Advisors
Consult with your attorney, financial planner, and tax advisor to ensure your planned gift aligns with your overall estate plan and financial goals. We're happy to work alongside your professional team to structure the most beneficial arrangement.
Balance Family and Philanthropy
Consider how to balance providing for your loved ones while supporting causes that matter to you. Many planned giving options allow you to do both effectively, ensuring your family is cared for while creating a charitable legacy.
Specify Your Intent
Clearly communicate how you'd like your gift to be used. Whether supporting specific programs, establishing an endowment, or providing unrestricted support, documenting your wishes ensures your legacy reflects your values and vision.
Funding Transformative Projects
Your legacy gift can fund projects that create lasting change in our community and beyond. From building new facilities to establishing scholarship programs, your planned gift can address critical needs and create opportunities for future generations.
Many of our most impactful initiatives have been made possible through the vision and generosity of planned giving donors. These transformative projects include:
- Educational programs that empower underserved communities
- Healthcare initiatives that improve access to quality care
- Environmental conservation efforts protecting natural resources
- Social service programs supporting vulnerable populations
Your legacy gift ensures these vital programs continue to thrive and expand, touching countless lives for years to come.
Legacy Society Recognition
Join our Legacy Society and be recognized for your commitment to creating lasting change
When you include G A G Charitable Corporation in your estate plans, you become a member of our Legacy Society—a distinguished group of visionary donors who are ensuring our mission continues for generations to come.
Legacy Society members receive special recognition and benefits, including:
- Recognition on our Legacy Society honor roll (with your permission)
- Invitations to exclusive Legacy Society events and gatherings
- Special updates on how your legacy gift is making an impact
- Personalized stewardship and ongoing communication
- Opportunity to inspire others through your philanthropic leadership
Your membership in the Legacy Society celebrates your commitment to creating a better world and ensures your values live on through meaningful social impact.
Getting Started With Planned Giving
Follow these simple steps to begin creating your lasting legacy
Contact Us
Reach out to our planned giving team to discuss your philanthropic goals and explore options that align with your values.
Consult Advisors
Work with your attorney, financial planner, and tax advisor to determine the best planned giving vehicle for your situation.
Finalize Plans
Complete the necessary legal documents and designations to establish your legacy gift according to your wishes.
Join Legacy Society
Become a member of our Legacy Society and enjoy recognition, special events, and ongoing stewardship.
Frequently Asked Questions
Common questions about planned giving and legacy gifts