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Creative Planned Giving with Non-Cash Assets
What is "planned giving," and what are "non-cash assets"?
Planned giving is creating a gift plan within your estate plan whereby St. Lawrence will use your gift for its charitable purpose at some point in the future, most likely not before your estate is settled. Even so, many planned gifts allow some level of immediate income tax charitable deduction. Non-cash assets include almost any tangible and intangible item of value other than cash and publicly-traded securities.
Careful planning can help you achieve your financial and philanthropic goals. Non-cash assets such as real estate and life insurance often make more effective planned gifts than cash or publicly traded securities. For example, naming St Lawrence on your retirement plan may avoid double or even triple taxation to heirs. Some gifts may generate an income tax charitable deduction and also count at full value in St. Lawrence campaign and reunion class fundraising totals. All gifts help to ensure that a St. Lawrence education will be available to future Laurentians.
Request a copy of Creative Planning, compliments of the Alumni Executive Council.
This web page does not provide legal or financial advice, nor is it intended as a comprehensive review of the topic. You should consult your attorney, tax advisor and St. Lawrence before making or planning your gift.
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