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PLANNED GIVING
The integration of sound personal, financial, and estate planning concepts with the individual donor’s plan for lifetime or testamentary (through a will) giving.
You can support Concordia College-Selma more generously by giving one or several of the ways planned giving affords.
Two Types of Planned Gifts
1. Outright or Current - A complete transfer, or realized gift, of cash or stock as a part of an estate plan.
2. Deferred - Testamentary (through the death of a donor) Giving or Life Income Arrangements to be realized in the future, such as bequests, or charitable gift annuities.
Some types of Planned Giving:
Life Insurance Policy- Two Primary Types
a. Transfer ownership of an existing policy to Concordia College-Selma.
b. Purchase of a contract by the donor in which Concordia College-Selma is named Beneficiary and/or owner.
Retained Life Estate- Where real property is given to Concordia College-Selma after one’s lifetime, by design.
Will / Bequest
Charitable Lead Trusts- Established by a donor transferring assets to a trust that provides income to a nonprofit organization for a period of years. At the end of that period, the trusts assets revert either to the donor (grantor) or to someone else the donor designates (non-grantor).
Charitable Gift Annuities- A legal contract between the donor and the charitable organization through which the donor exchanges cash, stocks, or other assets for an agreed-upon income for life.
Charitable Remainder Trusts- Used by donors to transfer assets to a trust, which then goes to the charitable organization after the death of the last beneficiary. The donor retains a fixed or variable income for life.
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