What’s Planned Giving or Legacy Giving?

Planned giving is also referred to as gift planning or legacy giving. It enables philanthropic individuals to make larger gifts to charitable organizations than they could make from ordinary income.

In short, a planned gift/legacy giving is any major gift, made in lifetime or at death as part of a donor’s overall financial and/or estate planning. These include gifts of equity, life insurance, real estate, personal property, or cash.

For Life Legacy, members achieve planned giving/legacy giving by leaving a life insurance policy to a nonprofit or charitable organization.