Planned gifts, also called legacy or estate gifts, are a crucial source of future funding for LRA.
Unlike cash donations, they are typically made from assets in your estate rather than disposable income, and come to fruition upon your death. The most common planned gift is a bequest in your will or living trust. Other planned giving options include:
- A charitable remainder trust
- A charitable lead trust
- An endowment fund
- Retirement plan assets
- Life insurance policies
- A remainder interest in your home
Consult with your financial advisor to determine which planned giving vehicle would be most advantageous for you.
A misconception is that planned giving is only for the "wealthy." The truth is, even people of modest means can make a difference through planned giving.
- Designating a Beneficiary
- Changing a Beneficiary