Planned giving, or gift planning, is a form of long-term charitable giving that allows individual donors to make larger gifts over a period of time. Donors considering planned giving typically employ estate and tax planning strategies to maximize their gifts and minimize impacts to their estates. Planned giving may come in the form of fixed donations over several years or asset donations as part of a last will and testament, among other strategies. As with any gift to the St. Louis Catholic Foundation, a planned gift, once it is received, becomes part of the Foundation’s investments and benefits the school in perpetuity.
Types of planned gifts
Planned gifts do not have to be cash, although cash gifts are welcome – either outright or as a pledge. Substantial cash gifts are also eligible for permanently named endowments.
Other types of gifts may include:
Appreciated assets – This includes stocks, bonds, mutual funds and real estate. Gifting an appreciated asset may have significant tax benefits.
Wills – Simply include St. Louis Catholic in your final will and testament to ensure your gift is made from your final estate.
Life insurance – Some families find they need less than an insurance policy pays. Much like dedicating funds in a will, excess life insurance funds may also be donated.
Retirement funds – Gifting retirement funds from IRAs or 401ks is a popular strategy to benefit a nonprofit and reduce taxes owed while not significantly impacting the amount left to heirs.
Charitable trusts – A charitable trust is a structure that may provide additional income to you during life and that could ensure your family receives more of your estate after taxes are paid.
Planned gift donors are honored in our annual report upon planning a gift of any amount, or they may remain anonymous. For more information on planned giving, contact Foundation and Planned Giving Advisor Ashley Atkins at email@example.com or 337-436-7275 ext. 237.