Planned Giving Goes Further

Picture of Rodney D. Wade, CFP®, AIF®, EA, MST
Rodney D. Wade, CFP®, AIF®, EA, MST
planned giving

There are many ways that we support our favorite charitable causes. However, one of the most beneficial ways to support a favorite charity now and into perpetuity is through planned giving. While almost any larger nonprofit organization has an active planned giving program, it may come as a surprise that many smaller nonprofits are also eager to work with their donors on planned giving options. Before you make a commitment, be sure to check with the organization that you are interested in supporting to ensure that they can handle the type of planned giving option you are most interested in.

Before giving a gift, take some time to familiarize yourself with the different giving options available. If you do have significant assets you wish to give, it’s always best to consult with your accountant or financial planner prior to making a final decision.

3 Types of Charitable Gifts

There are three types of planned gifts that you can typically make. These are:

  1. Outright gifts that use appreciated assets as a form of cash
  2. Gifts that provide donors with income or other benefits in return
  3. Gifts that are payable to the charity upon the death of the donor

Ways to Leave Charitable Gifts for Your Charity of Choice

There are also numerous tax benefits available to those making planned gifts, such as the ability to take a deduction for the market value of the asset while not paying any capital gains tax when the asset is transferred. Gifts paid upon the death of the donor are also exempt from estate tax. The following are just a few ways that you can leave a planned gift to the charity of your choice:

  • Bequests – One of the easiest ways to leave money is by simply naming the charity of choice in your will or living trust.
  • Stocks, Bonds, and Mutual Funds – donating appreciated stocks and bonds can increase the impact of your donation while giving you significant tax savings.
  • Life Insurance or Retirement Plans – Designating your favorite charity as a beneficiary of your life insurance or retirement plan is another easy way to ensure that your giving legacy will continue after your death.
  • Charitable Gift Annuities – Charitable gift annuities allow you to make a sizeable donation to the charity of your choice. Once the donation is received by the organization, they in turn will provide you with a set income dependent on the amount donated. Be sure to check applicable state laws for charitable gift annuities as they vary from state to state.
  • Donor-Advised Funds – Creating a donor-advised fund allows you to maximize any tax benefits immediately, while also ensuring that the organization you support today will continue to be supported in the future.
  • Real Property – Real property can include land, buildings, or machinery, but be sure to check with the organization first, as not all nonprofits have the capacity to accept real property.

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This communication contains the opinions of Wade Financial Advisory, Inc. about the securities, investments and/or economic subjects discussed as of the date set forth herein. This communication is intended for information purposes only and does not recommend or solicit the purchase or sale of specific securities or investment services. Readers should not infer or assume that any securities, sectors or markets described were or will be profitable or are appropriate to meet the objectives, situation or needs of a particular individual or family, as the implementation of any financial strategy should only be made after consultation with your attorney, tax advisor and investment advisor. All material presented is compiled from sources believed to be reliable, but accuracy or completeness cannot be guaranteed. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. INVESTMENTS BEAR RISK INCLUDING THE POSSIBLE LOSS OF INVESTED PRINCIPAL.

Wade Financial Advisory, Inc. is an investment adviser registered with the Securities and Exchange Commission. Registration of an Investment Advisor does not imply any level of skill or training. A copy of current Form ADV Part 2A is available upon request or at Please contact Wade Financial Advisory, Inc. at (408) 369-7399 with any questions.

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