Planned giving (sometimes referred to as gift planning) may be defined as a method of supporting non-profits and charities that enables philanthropic individuals or donors to make larger gifts than they could make from their income. While some planned gifts provide a life-long income to the donor, others use estate and tax planning techniques to provide for charity and other heirs in ways that maximize the gift and/or minimize its impact on the donor's estate.
By contrast, gifts to the annual fund or for membership dues are made from a donor’s discretionary income, and while they may be budgeted for, they are not planned.
Whether a donor uses cash, appreciated securities/stock, real estate, artwork, partnership interests, personal property, life insurance, a retirement plan, etc., the benefits of funding a planned gift can make this type of charitable giving very attractive to both donor and charity.
Planned giving can provide a wealth of opportunity for Heritage University students, and we encourage you to work with both your financial planner and our staff to determine the best fit for your gift.
Used for the University’s general operating needs. The fund helps supports areas like technology acquisition, library services, physical plant maintenance and academic program development.
May be established in your own name or a name you wish to memorialize. A gift of $10,000 or more to set up a fund will help Yakima Valley students for many years to come. Your fund remains open should you wish to add contributions at a later date.
GENERAL SCHOLARSHIP FUND
A pool of donations used for a variety of corporate and individual gift scholarships to eligible students.
OTHER DIRECTED GIFTS
Heritage also allows you to set up a fund and direct its use to areas other than scholarships. For instance, you may want to limit your fund to helping pay for science equipment or library books.
Please give or call to learn more
Choosing the right planned gift depends on your personal circumstances and goals. Discuss giving options and tax implications with your attorney or wealth advisor; then, contact the Office of Advancement at Heritage. Or, if you have questions, please call us anytime. If you do provide for Heritage in your estate plan, let us know. We just want to say thank you!