Planned giving is a technique of including charitable giving in your total financial plan. Many benefactors have chosen planned giving as a way to perpetuate their loyal support beyond their lifetimes, while realizing benefits for themselves today.
The government encourages philanthropy with advantageous tax treatment of gifts under both state and federal law. Planned giving helps you receive the maximum benefits of these laws. Often these tax advantages allow you to make a greater gift than otherwise thought possible, while benefiting your family and heirs.
Certain planned gift arrangements provide you with an opportunity to diversify your holdings, turn highly appreciated assets into a gift that provides you income, and still enjoy the tax savings. With careful planning today, you may reduce or eliminate estate, inheritance, or gift taxes, allowing your family to receive the full benefits of your life's work. Thus, certain gift plans actually result in a greater amount of wealth passed on to family.
The Office of Development is a resource for you. We understand the importance of philanthropy as a part of a successful overall estate plan. Our goal is to present you with options and to help you make the best choice possible. By working together, the College and the benefactor create a distinctive gift that blends the individual's vision with the objectives of SUNY Cobleskill.
