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What is Planned Giving?
 For some, planned giving is seen as "deferred giving", or gifts that will be deferred until a later time. For example, donors may name The Foundation for Knox Community Hospital in their Will but the actual gift will not be realized until the donor dies.
We like to think of planned giving as a donor service that enables you to give gifts of assets during your lifetime or through a Will or Testamentary instrument. In other words, it can be given now or later. Planned gifts provide enhanced tax benefits and some return on income to the donor.
It could be a simple life-income agreement such as a charitable gift annuity that provides you or a beneficiary named by you with an income for a specified period.
Tax and financial planning considerations may influence the size, assets contributed, and the timing of the gift: but, philanthropic intent is the primary motivation for a planned gift - the motivation to enrich our community now and forever.
How are Planned Gifts Used?
Most often planned gifts are earmarked for an endowment fund. Typically, the principal of an endowment gift is invested and kept in perpetuity. Only earnings or a portion of the earnings are used each year for specified purposes.*
*The information on this site is not intended as legal, tax or investment advice. For such advice, please consult and attorney, tax professional or investment professional.
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