People are often unsure of the definitition of 'planned giving.' A gift is 'planned' to the extent that the donor purposefully integrates a charitable gift into the donor's overall financial, tax, and estate planning. A 'planned' gift enables a donor to make a positive financial difference for the donor and for his family, while also making an important gift to Penn State Mont Alto. Planned gifts are often thought of as 'leaving a legacy' that benefits not only the donor and the donor's family, but also future generations.
Under the right circumstances, a planned gift can provide a donor and his family with a variety of benefits including:
- Increasing current income for the donor or others;
- Reducing income and/or estate taxes;
- Passing assets on to family members at reduced tax costs;
- Making an important gift to Penn State Mont Alto.
Planned gifts can be made using many different kinds of assets. Most planned gifts are made with cash or appreciated marketable securities. However, depending on the donor's particular circumstances, gifts are often made using qualified retirement account assets, real estate, insurance policies, and even artwork or business interests.
For more information about planned giving, please contact the Office of University Relations at Penn State Mont Alto at 717-749-6105.