Planned Giving
What is Planned Giving?
Planned giving is the transfer of assets (e.g., real estate, stock or life insurance) to a designated nonprofit organization during a lifetime or upon someone’s passing. Usually this happens via a will or other written means. The giving is “planned” because often these assets are not liquid, have tax consequences or can be used to simultaneously generate income for donors.
Why Plan?
People in a variety of circumstances and life stages can benefit from a planned gift.
Planned gifts are really just preparing for or reacting to life’s events: a windfall from the sale of a business; the need to generate a revenue stream for elderly parents; the desire to counter an increase in one’s tax liability; the birth of a child or grandchild; the establishment of a trust; annual planning; or the acquisition of new assets.
People have many opportunities to review their future giving plans, so it is never too soon to plant the seed for planned giving. Careful estate planning can also help people live a legacy as well as leave a legacy.
The 2000 Society
The Northern Piedmont Community Foundation 2000 Society honors and recognizes the philanthropic leadership and vision of individuals who create a planned giving strategy to benefit our community, forever.
Our 2000 Society is a membership group. When you make the decision in your will or trust to bequest a gift to Northern Piedmont Community Foundation, regardless of the size of the bequest, you become a member of the 2000 Society.
If you make a legacy gift with NPCF, you will join an exceptional group of donors. This group cares about protecting and sustaining the communities of the Northern Piedmont long into the future. Legacy gifts ensure the well being of future generations and serve as an inspiration to others to do the same. Planned gifts are a win-win: donors create a lasting legacy and so do the organizations they support. You always have the choice to remain anonymous with your philanthropy.
The Foundation staff and board shall adhere to strict confidentiality with regard to any information, records, letters and personal documents pertaining to donors and gifts.
Talk today to your financial advisor or estate planner or call us and consider a bequest to assist in supporting this beautiful Piedmont we all call home.