Robert Sharpe, one of the pioneers in the field of charitable planned giving defined a planned gift as “a voluntary gift of any kind, in any amount, given for any purpose…either current or deferred, when the assistance of a qualified volunteer, professional staff person, or the giver’s own advisor(s) is needed to help complete the gift.” We usually think of charitable giving in terms of a simple act of writing a check for some special cause. Planned giving, when done well, is somewhat more complicated and requires a deeply thoughtful process with formal financial assistance probably from an attorney, CPA, financial planner or gift planning officer.
In the case of a deferred planned gift that comes at the end of life, it is an expression of generosity that results from a life of meaningful work and productivity made possible by help and support from family, friends, teachers, business associates and/or colleagues. That for many makes it the most sacred gift of all. Often an alumnus of UNC Charlotte who chooses to provide for a planned gift to the University is motivated by the keen awareness that he or she was afforded an education because someone else had given generously. Moreover, there is an abiding awareness in many of us that personal and financial success over a lifetime is to some degree a function of one’s good health and other gifts of life that come by chance through something other than one’s own diligence.
The act of a planned gift becomes especially powerful when the need to give and the emotional satisfaction in giving are congruent with the needs of a great cause. What, for example, is more exciting than the opportunity to impact the life of a student with the gift of a scholarship that makes an education possible?
The popular conception is that planned giving is best suited for the wealthy, but you will see from the types of planned giving instruments described here that such is not the case. A simple will remains the most popular instrument by which to make a planned gift and allows persons of more modest means to impact the life of students through an endowment provided for in one’s will, and is easily accomplished by an attorney. As you explore the various possibilities, I trust that you will find our descriptions of the various instruments of planned giving helpful as well as the personal stories of persons who have demonstrated their commitment to UNC Charlotte and its mission.
Click here for more information about planned giving, or email John Cullum, CFP® for more information.ShareThis