Planned giving is a way to ensure that your charitable contribution has a lasting impact. Legacy or planned gifts are allocations made prior to an individual’s passing and years before the funds are distributed and they serve to both honor the donor’s legacy and help sustain nonprofits, like WomenVenture. These contributions have a magnified impact in the future by providing an ongoing source of income and financial stability for years to come.
Leave a Lasting Legacy
- Make a Memorable Mark: Leaving a legacy gift allows you to make a lasting impact on a cause that is near and dear to your heart.
- Self-Directed: Legacy gifts are also a great way to specify exactly how you would like your donation to be used, ensuring that your money supports an aspect of WomenVenture’s mission that especially inspires you.
Financial Benefits
- Tax Benefits: Most legacy gifts are exempt from federal estate taxes, which allows more of the donation to go directly to the nonprofit. Sometimes, depending on the transfer of assets, making a legacy gift can even provide immediate deductions on capital gains and property taxes.
- Low Risk: Because legacy gifts are made in the future after an individual has passed, they do not impact a donor’s cash flow, making possible donations that may not have been feasible during a donor’s lifetime due to other financial commitments.
Support
- Support and Guidance: Legacy gifts are often prepared by financial and/or legal advisors, which provide you with the assistance and guidance that you need to allocate and distribute your charitable contribution.
Next Steps…
To learn more about how to leave a lasting impact through a legacy gift, speak with your financial advisor.
