A planned gift is a contribution that is arranged in the present and given in the future, commonly donated through gifts of cash, equity or property. By far, the most commonly used planned gift is the bequest of property through a person’s final will. Here are some guidelines when considering making a planned gift.

• Make sure you have an up-to-date will (or living trust) that reflects your beneficiary and charitable wishes. Without these documents, you surrender control of your property and assets to the courts.
• Contact your financial advisor (a financial planner, lawyer or accountant) and ask for help establishing your estate gift and will.
• Think beyond cash – you can leave stocks, real estate, insurance policies and personal property to charitable causes.
• You can also make OPCS a beneficiary of your life insurance, pension plan or IRA.

Myths about planned giving

It is a common belief that you must choose between leaving a gift to your heirs or to charity. In fact, you can do both, and some charitable gifts may actually save your family money by decreasing inheritance taxes. A simple directive in your will can bring welcome support to an organization that will make a difference for years to come. No gift is too small.

For more information about why and how to give, visit LeaveALegacy.org or contact Monica Durand, Chief Development Officer, 520-445-7080, or mdurand@helptucson.org.

All requests for information are confidential and non-obligatory.  The information provided is not intended to be legal or tax advice. It is advisable to consult with a qualified estate-planning attorney when drafting your will to ensure your wishes for family and our nonprofit are properly documented.