Planned Giving: Wills, Trusts & Annuities

Planned gifts are usually deferred, meaning they are arranged now and fulfilled later. There are several different types of planned gifts - all are  wonderful way to leave a meaningful legacy in support of a cause that's close to your heart.

Planned Gift

To leave a planned gift, simply include a provision in your will to make a bequest to the charitable organization(s) of your choice.  

Charitable Remainder Trust

Another option is a charitable trust. A charitable trust provides income to the donor (or another person the donor designates) for a period of time, usually for life. After this gift-deferral period, the trust would "mature" and the remaining assets (corpus) is donated to the charity/charities designated by the donor.

Charitable Lead Trust

In a charitable lead trust, a donor places assets in a trust that pays out income to a charity for a set period of years. Then, when that period of time is over the trust has "matured" and whatever remains goes back to the donor or to someone else stipulated by the donor.

Charitable Gift Annuity

This is a popular form of planned giving because it represents a lifetime contract between the donor and a charity, and because it is relatively simple to understand and establish. For example, a donor gives $25,000 to a charity and receives, in return, a set amount of money (the annuity) every year for the rest of his or her life. The donor also has the choice of naming someone else as the annuitant to receive the annuity payments.

Learn More

For more information on planned giving and the various ways you can leave a legacy that supports healthcare in our community, contact Kristen Willis, Director of Development at (860) 928-7141 or by email at KEWillis@daykimball.org

Examples of Planned Giving at Work

Thompson Couple Leaves a Legacy of Care