PLANNED GIVING

A planned gift is a contribution that is arranged in the present and allocated at a future date. Commonly donated through a will or trust during the donor’s lifetime, it does not take effect until the maturity of the gift.

Thus, by definition, a planned gift is any major gift, made in lifetime or at death as part of a donor’s overall financial and/or estate planning.

Whether a donor uses cash, appreciated securities/stock, real estate, artwork, partnership interests, personal property, life insurance, a retirement plan, etc., the benefits of funding a planned gift can make this type of charitable giving very attractive to both donor and charity.

There are three types of planned gifts:

  • First, outright gifts that use appreciated assets as a substitute for cash;
  • Second, gifts that return income or other financial benefits to the donor in return for the contribution;
  • Third, gifts payable upon the donor’s death.

For more information about this attractive means of donation, please, contact Debra Strange, Development Director at 864-884-2911 or debra@carolinamusicmuseum.org.

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