Stephen and his wife Janet wanted to support our organization with a major gift of $100,000. They wanted to spread this gift out over several years starting with a gift of $25,000.
Stephen: We wanted to make a big commitment to help fund a special project, but we couldn’t make the full gift this year.
By using a combination of their available resources and planned gifts, they could still achieve their objectives. We suggested the following options for Stephen and Janet to consider.
- A $25,000 cash gift today combined with a separate $37,500 gift in both Stephen and Janet's wills (no cash out-of-pocket).
- A $25,000 gift of appreciated stock (no cash out-of-pocket and significant tax savings) and a $75,000 gift in the will of either Stephen or Janet, depending on which spouse outlives the other.
After careful consideration, they decided to make a gift of cash and to include a gift in each of their wills.
Janet: We decided to make a gift of cash and to each make a gift in our will. By making a $25,000 cash gift and satisfying the remaining balance with a gift in each of our wills, we were able to achieve all of our goals.
Using a combined giving strategy, Stephen and Janet will be able to make a $100,000 gift to our organization. They loved the fact that they could make a gift during life that provided a tax deduction, and that they had the ability to see their gift at work today while also committing to support our work in the future.
Is a blended gift right for you?
If you have ever wanted to make a gift to charity but also felt apprehensive about the future, a blended gift might be right for you. There are many different ways to structure blended gifts. Contact us
to see how you might be able to use a blended gift to achieve your goals.