A planned gift is any gift, made in lifetime or at death, as part of a donor’s overall financial and/or estate planning. Planned gifts can be made in cash, real estate, stocks, bonds, personal property or life insurance.
Bequests by Will
One of the simplest planned gifts is a bequest through your will in which you designate specific amount or percentage of your estate to the Houston Area Women’s Center. A bequest also can reduce the amount of your taxable estate, which may increase the actual amount available to loved ones.
Contributions of life insurance can provide a substantial gift, and the value of an ordinary policy at the time of the gift is tax deductible.
An endowment is a perpetual gift that can be designated for the Women’s Center. The original gift remains intact, and the income is used to benefit our organization. An endowment can be established in memory of a loved one,or a donation can be added to an existing fund that will contribute to your local community indefinitely.
To begin planning, please work with your attorney or accountant to explain the many gift opportunities available to you and the financial advantages of each.