{{short description|Charitable gift type}} {{External links|date=February 2017}}
'''Planned giving''' (less commonly known as gift planning) is an area of fundraising that refers to several specific gift types that can be funded with cash, equity, or property. These gift vehicles are commonly based on United States tax law, but Canada, the United Kingdom, and other nations are beginning to establish similar laws. In the United States the specific rules of planned giving are defined by the United States Congress and the Internal Revenue Service.
== Education == The use of planned giving by colleges and universities was pioneered by Allen Hawley at Pomona College. In 1942, Hawley introduced what became known as the Pomona Plan, where members receive a lifetime annuity in exchange for donating to the college upon their death.<ref name="1944 timeline">{{cite web |title=1944 |url=https://www.pomona.edu/timeline/1940s/1944 |website=Pomona College Timeline |accessdate=13 August 2020 |language=en |date=7 November 2014}}</ref><ref name="Stanley Pomona">{{cite book |last=Stanley |first=Peter W. |authorlink=Peter W. Stanley |editor-last=Rhodes |editor-first=Frank H. T. |editor-link=Frank H. T. Rhodes |title=Successful Fund Raising for Higher Education: The Advancement of Learning |date=1997 |publisher=American Council on Education and Oryx Press |location=Phoenix, Arizona |isbn=978-1-57356-072-6 |url=https://archive.org/details/successfulfundra0000unse |pages=67–74 |chapter=Chapter 5: Successful Fund Raising at a Small Private Liberal Arts College: Pomona College}}</ref> The plan's model has since been adopted by many other institutions,<ref name="Pomona Plan">{{cite web |last1=Sterman |first1=Paul |title=The Man with a Plan |url=https://pomonaplan.pomona.edu/manwithplan.php |website=The Pomona Plan |publisher=Pomona College |accessdate=11 August 2020 |date=14 November 2012}}</ref><ref name="Pomona Plan book">{{cite web |title=Pomona Plan Book 2017 |url=https://pomonaplan.pomona.edu/pdf/Pomona%20Plan%20Book%202017.pdf |website=Pomona College |accessdate=13 August 2020}}</ref><ref name="Crimson Pomona">{{cite news |title=Criticism Applied To Pomona Plan |url=https://www.thecrimson.com/article/1959/3/16/criticism-applied-to-pomona-plan-padministration/ |accessdate=13 August 2020 |work=The Harvard Crimson |date=March 16, 1959}}</ref> although the annuity rates offered by Pomona remain among the highest.<ref name="Forbes fat yield">{{cite news |last1=Baldwin |first1=William |title=A Fat Yield And a Deduction |url=https://www.forbes.com/forbes/2012/0625/investment-guide-12-charity-gift-annuities-fat-yield-and-deduction.html |accessdate=13 August 2020 |work=Forbes |date=Jun 6, 2012 |language=en}}</ref>
==Types of planned gifts==
*Charitable bargain sale *Charitable Gift Annuity (CGA) *Charitable Remainder Annuity Trust (CRAT) *Charitable Remainder Unitrust (CRUT) *Charitable remainder trust *Charitable lead annuity trust *Charitable lead trust *bequest *Donor Managed Investment Account *Pooled income fund *Retained life estate *Testamentary life income
==Assets to give== *Securities *Business Interests *Cash *Life insurance *Personal property *Real estate *Retirement plan
==References== {{reflist}}
Category:Philanthropy