Legacy giving refers to donations that supporters plan to give to a nonprofit after their passing. It is also commonly referred to as planned giving as donors often plan these gifts years before they are distributed to the designated parties.
Legacy or planning giving can be monetary or in the form of assets or even a charitable annuity or trust.
The specifics of each gift is unique to you and can even include stipulations on the donation’s use. Legacy giving can support a nonprofit’s mission for years to come and honors the legacy of the donor who made the contribution.
While the benefit to the nonprofit is clear, there are benefits to the donors too, including the legacy of the donor and numerous tax benefits that participating can bring their families.
Legacy giving is set up with your lawyer and is tied in to your will. It can take on many forms. We would be honored if you would consider supporting mission to Iran in this way.