According to Nonprofitsource.com, approximately 63 million Americans volunteer their time, energy, and talents to make a difference. However, in our busy schedules, it can be hard to set aside time to give back in the ways that we want to. We can’t always take advantage of volunteer opportunities or put together food boxes. With that in mind, there are other ways that you can give back. Many people who are further along in their career consider planned giving. But what is planned giving, and is it right for you?
A planned gift is considered any major gift to a charity, made either in life or death, as a part of a donor’s financial and/or estate plan. You may be familiar with donating to annual funds or paying membership dues to a nonprofit, but that would not qualify as planned gifts. Planned gifts are a more calculated aspect of a comprehensive financial objective.
Planned giving can look like a few different things. Firstly, you can gift outright items that use appreciated assets as opposed to physical money. Secondly, you can give a gift that returns income or other financial benefits to yourself as a donor. Thirdly, you can set up a payment or items to be gifted upon your death. This would be arranged previously in your will. Under Paz de Cristo’s “Planned Giving” page you will find more information about specific methods of giving, such as beneficiary designation gifts, a charitable remainder unitrust, and more. We try to make information as clear as possible to help you with your mission to give back.
Many operate under the misconception that you can only donate either physical items or cash to working poor charities like Paz de Cristo, but that couldn’t be farther from the truth! We accept a wide variety of gifts under our planned giving. To learn more about donating options, be sure to visit our “Planned Giving” page.
Finding a working poor charity to donate to is easier than you may assume. According to the Internal Revenue Code, you can participate in planned giving to any nonprofit! This includes charities of all sizes that serve any cause. While it may take effort on the part of the charity to make the most of your gift, it’s easy for you as a donor. At Paz de Cristo, we make the process simple.
To learn more about what planned giving is and how you can utilize it to benefit the work that we do at Paz de Cristo, reach out to us today!