Planned Giving

Legacy Giving

What is Planned Giving?

Planned giving is also referred to as gift planning.. It enables philanthropic individuals to make larger gifts to charitable organizations than they could make from ordinary income.

Some planned gifts provide life-long income to designated charities and non-profits. Other gift plans use estate and tax planning to provide for charity and heirs in ways that maximize the gift and/or minimize its impact on the donor’s estate.

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. These include gifts of life insurance, real estate, personal property, or cash.

Giving Through Will and Living Trusts

Making a charitable gift through your will can be a convenient way to leave a lasting legacy. After first providing for loved ones, you may decide to make a charitable gift of a specific amount, a percentage of your estate, or all of what remains after family and/or friends have been remembered.

Giving through a living trust is another idea to consider. Many people make use of trusts created during life to provide for the management and future distribution of assets and then, at the termination of the trust, direct a portion of the remaining assets to be used for charitable purposes.

Giving Through Life Insurance

The need for life insurance can change as life progresses. You might have a life insurance policy that was purchased to provide for your children, but they are now self-sufficient. You can name the Derry Area School District Foundation to receive all or a portion of the policy proceeds that are no longer needed for their original purpose.

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