Planned Giving Basics
The simplest and most common planned gift.
What is a Bequest?
Simplest way to leave an IRA to charity.
What is naming the charity as a beneficiary?
Age when donors can begin making Qualified Charitable Distributions.
What is 70 1/2?
This giving vehicle lets donors make contributions, receive an immediate tax deduction, and then recommend grants over time.
What is a donor-advised fund (DAF)?
This trust pays income to the donor first, with the remainder to charity.
What is a Charitable Remainder Unitrust (CRUT)?
The % of planned gifts that come from bequests.
What is about 70-80%?
Unlike heirs, charities pay this much income tax on inherited IRAs.
What is none?
QCDs can be used to meet this annual retirement account requirement.
What is the Required Minimum Distribution (RMD)?
Benefit donors receive immediately when contributing to a DAF.
What is a charitable income tax deduction?
This trust pays income only from earnings, with "makeup" payments later.
What is a NIMCRUT (Net Income with Makeup Charitable Remainder Unitrust)?
The document that ensures donor wishes are carried out.
What is a will?
Two other assets besides IRAs where you can name a charity as beneficiary.
What are life insurance policies and employer retirement plans (401k/403b)?
QCDs reduce taxable income because they bypass this calculation.
What is adjusted gross income (AGI)?
The entity that makes final grant decisions from a DAF.
What is the sponsoring organization (like a community foundation or financial institution)?
This trust gives income to charity first, and the remainder to heirs.
What is a Charitable Lead Trust (CLT)?
What updated wills, trusts, and beneficiary forms prevent.
What is confusion, delay, or disputes?
Leaving IRAs to heirs triggers this type of tax; leaving them to charity avoids it.
What is income tax?
The maximum annual QCD amount per donor (currently).
What is $100,000?
Two types of non-cash assets donors can contribute to a DAF.
What are appreciated stock and real estate?
Trust like CRUTS and CLTs are common for most donors.
What is false?
True or False: Planned giving is only for the wealthy.
What is False?
Law that requires most heirs to empty inherited IRAs in 10 years.
What is the SECURE Act?
State where heirs pay state AND federal tax on IRA withdrawals.
What is Montana?
The fastest-growing charitable giving vehicle in the US today.
What is a donor-advised fund (DAF)?
Staff's role when a donor mentions a complex trust.
What is to explain simply and connect the donor/advisor to resources?