Planned Giving

The most common donations are outright gifts, such as cash or a check, which the Foundation receives right away. However, people often want to hold on to their money and other assets for now, just to be sure they can meet their family’s future financial needs. These people are usually delighted to learn that we have excellent alternatives that allow them to still make a gift, known as a “planned” gift. Examples of planned giving include:

• Living Trust
• Bequest in Will
• Life Insurance Gift
• Retirement Plan Gift
• Charitable Gift Annuity
• Charitable Remainder Annuity Trust
• Charitable Remainder Unitrust
• Charitable Lead Trust

These gifts can be revocable – such as a charitable bequest in your will – so that you can change your mind at any time. Or, they can be irrevocable – just as outright gifts are – so that you benefit from an immediate income tax deduction.

The attraction of irrevocable planned gifts is that they are deferred. You part with an asset today, but the actual giving of the asset to the NMCGRF is put off for a while – often until after your lifetime (and that of a surviving beneficiary, if you wish). During that time in between, you receive benefits from the gift. The key feature of planned gifts is that they provide the donor important benefits, as well as the charitable organization.