Alex Ellifritz

Professor Martin

Freshman Seminar

October 8, 2016

Comment 7

Planned giving is the process of donating planned gifts. A planned gift is a contribution that is arranged in the present and allocated at a future date. Commonly donated through a will or trust, planned gifts are most often granted once the donor has passed away. Planned Giving is a long-term solution to lowering taxes. David Schemeling said, “the key to a successful planned giving is the complete integration of planned giving into the overall development program”. (Integrating Planned Giving). Dan Recer also said that “planned giving has many tax benefits and can be customized more effectively than any other form of giving”. (Let Get Planned Giving Out of the Fog). Planned Giving is a very effective and can be very successful with the good development of the program. Leonard Clough said that “planned giving lets donors accomplish they have long wanted to do, but thought they could not afford”. (Why Planned Giving). Planned Giving all starts with the board of a company. The board is the one factor that determines the success or failure of a company's planned giving program. Debra Ashton says that “no business owner should just assume even the most sophisticated board members know about planned giving. Most people - regardless of the of the level of success in their own careers - don't really understand what planned giving is”. (Planned Giving Success Starts With Your Board).