Planned Giving: What Is It and Why Do It?

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Throughout your life, you may discover certain organizations or charities that hold meaning to you and that you contribute to regularly. You may know that you can continue to support these organizations even after you pass through planned giving.

What Is Planned Giving?
According to, “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.” Usually, these planned major gifts use different financial resources to make a gift larger than a donor’s regular income could support. In other words, if a donor would like to make a major gift to a charity, they can create trusts or annuities to stretch their dollars and make a larger gift. Other ways to fund a planned gift include stocks, artwork, real estate, and more.

Why Make a Planned Gift?
First and foremost, planned gifts offer a variety of tax benefits to the donor. Contributions can be written off, and donors often won’t have to pay capital gains taxes. Any gifts designated in a bequest are not subject to an estate tax.

Beyond the tax benefits, planned gifts provide you with the peace of mind that the money you’ve accrued will go to a good purpose, one you believe in. Planned gifts are helpful to organizations and charities because they provide a steady, dependable source of funding that will cover necessary costs.

If you’re interested in making a planned gift but aren’t sure how to fund it, consider a life settlement. If you no longer want or need a life insurance policy, you may be able to sell it in a life settlement and use those funds to create a planned gift. Use our qualification calculator or call us directly at 888.849.0887 to see if you’re eligible, and talk with your trusted financial advisor to see if this is the right step for you. Let your money continue your good work.



Get in touch with Life Settlement Advisors today to take the first step toward converting your policy into cash.
Life Settlement Advisors
Leo LaGrotte
At Life Settlement Advisors, we strive to be a voice of confidence and assurance for our clients. Our goal is to educate you about the life settlement process so you can make an educated decision about whether it is right for you.