Planned giving refers to the practice of giving generously to the community around us. Planned giving may come in many forms and differs from the practice of giving ad-hoc donations.
In broad terms planned giving will fall into the following categories:
- A planned giving program to commit a specific amount to selected causes each year;
- The establishment of a Private Ancillary Fund (PAF) or a sub-fund in a Public Ancillary Fund (PuAF); and,
- A bequest via your Estate Plan.
Planned giving is a tax effective way to assist the community and can be a satisfying way to engage, educate and inspire other family members.
Alternatively your gift may be donating valuable time and skills to a charitable cause you feel strongly about.