What is Planned Giving?
Planned giving, also known as legacy giving, is the process of making a charitable gift as part of an individual’s financial or estate planning. This type of giving allows donors to support charitable organizations while also achieving personal financial and estate planning goals.
What are the benefits of planned giving?
- Tax Advantages: Many planned giving strategies offer potential tax benefits for donors, such as income tax deductions, estate tax reductions, or other tax incentives.
- Financial Planning: Planned giving allows individuals to integrate their charitable goals into their overall financial plan, such as providing for family members, managing income during retirement, and ensuring the longevity of the donor’s assets.
- Legacy and Impact: Donors can leave a lasting legacy by supporting causes that are important to them and that align with their values.
- Flexible Giving Options: There are various planned giving options, such as bequests in a will, charitable remainder trusts, and charitable gift annuities.
- Donor Recognition and Ongoing Involvement: Many charitable organizations recognize and honor planned giving donors during their lifetime. This acknowledgment can provide a sense of fulfillment and appreciation.
- Asset Management: Planned giving allows donors to contribute appreciated assets, such as stocks, real estate, or other investments, which can result in significant tax benefits compared to giving cash.
- Family Values and Education: For families, planned giving can be an opportunity to instill and pass down philanthropic ideals and principles.
- Ensuring Sustainability: Planned giving provides long-term and sustainable funding for nonprofit organizations. Knowing that there is an anticipated stream of support in the future allows organizations to plan and implement strategic initiatives with confidence.
A Lasting Legacy for The Arc Rockland
Please consider supporting The Arc Rockland through a bequest in your will, trust, or other planned giving instrument. Making a planned gift is a meaningful way to help ensure our support of individuals with intellectual and developmental disabilities continues for the next generation and beyond.
Your planned gift can be designated for a specific program or initiative within The Arc Rockland that is close to your heart, or for general support to be applied where it is most needed.
If you have already designated a planned gift to The Arc Rockland, please let us know by clicking below
Next Steps
1. Seek the advice of your financial, tax, or legal professional.
2. Contact Colleen Smith at 845-905-6527 or CSmith@TheArcRockland to discuss options.
3. To include The Arc Foundation of Rockland, Inc. in your plans, please use our legal name and federal tax ID. Please let us know of your gift intentions. (Note, many retirement providers assume no responsibility for letting nonprofits know of your intentions so your goals may not be honored).
Legal name: The Arc Foundation of Rockland, Inc.
Legal address: 210 Route 303, Valley Cottage, NY 10989
Federal tax ID number: 13-3558090