<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1120919491292994&amp;ev=PageView&amp;noscript=1">
What Is Planned Giving?

Planned giving, simply put, is the process by which a person creates an estate plan where they choose to give something of value to Care Net at a future date. Usually, this is a gift that is given through a will, so that the organization will get the donation at the time of the donor’s passing.

This gift is usually cash, but it could be some other asset such as stocks, IRAs, cryptocurrency, or even through life insurance. The gifts donated through a will end up being larger and aren’t dependent on a donor’s current income.

For more information, contact Bob Milton at Bmilton@care-net.org or 205-914-4812

What this means is that planned giving is not limited by a person’s financial standing. Instead, planned giving, enables a donor to give a gift that they could not ordinarily make.


What type of Planned Gifts do we accept at Care Net?

  • First, outright gifts that use appreciated assets. i.e., Stocks, QCDs, IRA Designations
  • Second, gifts payable upon the donor’s death. Wills, Insurance, IRA, Trust beneficiary


What Are the Tax Benefits of Planned Gifts?

  • Donors can contribute appreciated property, such as securities or retirement accounts. The donor would receive a charitable deduction for the full market value of the asset, and also not have to pay any capital gains taxes on the gift. This type of gift can also be done while living.
  • A donor who makes a bequest to Care Net death through beneficiary designation in their life insurance policy or retirement account, will not receive an income tax deduction, but they are exempt from estate tax. Plus, they have the added benefit of not passing through probate.