Planned giving is an excellent way to support the LYDIA’s ministry to children and families. Planned gifts can be made during a donor’s lifetime or after his or her death. They include any donation made as part of a person’s overall financial and/or estate plan.

Such gifts can benefit non-profits and charities, enabling donors to make larger gifts than they could make from their income. While some planned gifts provide a life-long income to the donor, others use estate and tax planning techniques to provide for a charity and other heirs in ways that maximize the gift and/or minimize taxation on the donor’s estate.

Examples of planned giving strategies include making simple bequest, designating a charity as a beneficiary of a trust or life insurance policy, and donating gifts of appreciated assets. Financial planners with experience in this area of charitable giving can help donors identify the best strategy to maximize their gift.

To learn more, or receive a referral to a certified financial planner, please contact 773-653-2249.