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Planned giving


Planned giving (less commonly known as gift planning is an area of fundraising that refers to several specific gift types that can be funded with cash, equity, or property. These gift vehicles are commonly based on United States tax law, but Canada, the United Kingdom, and other nations are beginning to establish similar laws. In the United States the specific rules of planned giving are defined by the United States Congress and the Internal Revenue Service.

The term "planned giving" was coined 45 years ago by Robert F. Sharpe:

"A donor usually considers a current gift to your institution as a cash outlay now. To make a deferred gift, a person decides to give at some future date, either a number of years from now or at death. A deferred gift is a present decision to make a future gift, evidenced by a legal contract.

"While the name 'deferred giving' is best known to professionals in the field, it is not a term that communicates very much to the average donor. Therefore, we suggest the term 'planned giving.' When a person makes a planned gift, it suggests forethought."

Give & Take, a publication of the Sharpe Group, August 1972

Planned gifts are referred to as such because they require more planning, negotiation and counsel than many other gifts. Planned gifts can result in immediate income, income to charity over time or serve to delay a gift for life or other period of time while the donor or others retain income and/or access to the assets used to fund the gift. Because of the current or future charitable benefits, a number of state and/or federal income tax, capital gains, estate and gift benefits are associated with giving in this way.

Parents who have a child with a disability should be ensure that the inheritance they leave for their child does not affect their child's eligibility to social assistance programs such as the Ontario Disability Support Program (ODSP). A Henson trust can be useful to ensure this.



  • Marrick, Peter. 2009. The T.A.S.K: The Trusted Advisor's Survival Kit. LexixNeixis Canada Inc.
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Wikipedia

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