“I want to leave my children enough money that they would feel that they can do anything, but not so much that they can do nothing.” -Warren Buffet
What is Planned Giving?
The traditional definition of Planned Giving is, 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.
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.
At Ascendant Planned Giving, Inc. we take Planned Giving to new levels. Planned giving is a strategy which will elevate your lifestyle while you are alive, help you leave the financial legacy to your children and loved ones you wish AND allow you to leave that values based legacy, which will not only help the causes you hold dear to your heart, but also create a vehicle of love and caring which will live on for generations to come.
Any individual, at any point in their life, can create a planned gift. All these gifts represent a powerful and meaningful way for individuals to create a philanthropic legacy for their community and the organizations they care about.
Why are most of us generous in supporting nonprofits during life but make no provision for them at death? Research studies provide a simple answer — it never occurred to most of us to create a legacy gift!
Why is planned giving important?
How do you raise a charitable child? How do you encourage philanthropy among young people in their teens and twenties? How do you inspire charitable enthusiasm in your next generation? These are tough questions for donors, board members, and staff and advisors to giving families.
The Power of Family Giving
No matter how old your children are, integrating philanthropy into your family life can be an excellent way to pass on
healthy attitudes about money and helping others.
Giving together can unite your family across years, geographic locations, and life circumstances.
Build perspective from the beginning.
It is never too early to talk about your charitable passions with your children, including favorite causes and what you do to support them. Positive energy is contagious.
Teach financial values.
Teaching children the value of dividing income with equal amounts set aside each week for spending, saving and giving is a lifelong lesson that will contribute to strong financial and philanthropic values.
Engage children in philanthropic decisions.
As children become a bit older, they will have their own interests. Encourage yours to adopt their own causes, and begin to involve them in your charitable decision-making.
Make volunteering a family activity.
Ensure long-term commitment to your family and community by engaging in conversation and activities that focus on giving back.
Practice giving year-round.
Involving children in your family’s charitable activities is an ideal way to pass on your deeply held personal values and to instill in your children the importance of giving to others while, along the way, helping them to learn key lessons about financial management and responsibility.