Planned Gifts are a way for donors to make a charitable commitment as part of their financial or estate plan. These strategies allow donors to make a more significant impact on their favorite organizations without losing control of assets during their lifetime, as described by a donor who has recently made a bequest to the Education Foundation.
With 31 years working in State High’s Counseling and Learning Enrichment Program, Sherry Farrall chose planned giving to make a long-term, significant impact on students.
Planned gifts come in different forms, the most popular of which is a standard revocable charitable bequest in your will. You may also designate a charity as the beneficiary of an investment vehicle (e.g. Qualified Retirement Plans, individual stocks or mutual funds), both of which can provide significant tax savings to your estate and heirs.
If planned giving sounds like it might be an opportunity for you, start by talking to your financial advisor. SCASDEF Executive Director Paul Olivett can help you facilitate your gift when you’re ready and can be reached at pgo11@scasd.org or (814) 883-8067.
