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What is a Planned Gift? CDC Foundation has the answer

Posted in Beyond Finances on August 28, 2019

A planned gift is typically a legacy gift you make to charity from assets rather than income as a part of your financial or estate plan. Often a planned gift requires more thought and planning, and you will involve an accountant, attorney or financial advisor in your decision-making. 

Many CDC employees and retirees have already taken this step to support the CDC Foundation and the public health issues they care deeply about, including Dr. Marguerite Pappaioanou, EIS ’83, Dr. and Mrs. Walter Dowdle, Hon. EIS ‘91, and Dr. and Mrs. Eugene Gangarosa, EIS ’64.  We are grateful for their vision and action to improve health and save lives well into the future.

The most common planned gift is a bequest made through your will or trust. Another easy way to make a planned gift is through a life insurance or retirement account, naming your charity as a beneficiary of your policy.

There are many types of planned gifts you can make while living, including appreciated securities, artwork, and real estate. If you are 70-1/2 years or older, another option is to give up to $100,000 annually from an IRA directly to a charity without having to pay income taxes on the distribution. 

There are a variety of benefits to making a planned gift. There are often tax advantages, depending upon the type of gift and your situation. Some planned gifts provide lifetime income for you. Another advantage is that you may be able to make a larger gift with greater impact than you would be able to make otherwise. Finally, you can make a planned gift regardless of the size of your estate.

If you choose to leave a legacy through the CDC Foundation, you can give where needed most or to an existing or new named or endowed fund that aligns with your public health passion.

If you would like to learn more, please visit www.cdcfoundation.org or email info@cdcfoundation.org or 404-653-0790.

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