Planned Giving is a strategic major gift made during your lifetime or at the time of your death as part of your overall financial and/or estate planning. Examples of planned giving include gifts of equity, life insurance, real estate, personal property, or cash.

A planned gift has significant tax benefits and can ensure you continue making an impact even after you are gone.

There are three types of Planned Gifts:

• Gifts that use appreciated assets as a substitute for cash.

• Gifts that return income or other financial benefits to you in return for the contribution.

• Gifts payable upon your death.

What are the tax benefits of Planned Giving?

• You can contribute appreciated property, like securities or real estate, receive a charitable deduction for the full market value of the asset, and pay no capital gains tax on the transfer.

• If you establish a life-income gift you receive a tax deduction for the full, fair market value of the assets contributed, minus the present value of the income interest retained; if your gift is funded with appreciated property you pay no upfront capital gains tax on the transfer.

• Gifts payable upon your death, like a bequest or a beneficiary designation in a life insurance policy or retirement account, do not generate a lifetime income tax deduction, but they are exempt from estate tax.

Speak to your financial or estate planner today about the benefits of planned giving! Contact fundraising@pal-hawaii.org with questions.

Sample Bequest Language

Remainder of Estate:

"I give, devise, and bequeath to Neighborhood Housing Community Development Corporation DBA PAL Hawaii Org, EIN #83‑2662028, all [or state the fraction or percentage] of the rest, residue, and remainder of my estate, both real and personal. Neighborhood Housing Community Development Corporation may be contacted at 4585 Lehua St, #300, Kapa’a, HI  96746, 1 (808) 720‑1011."

Specific Amount:

"I give, devise, and bequeath $_____ to Neighborhood Housing Community Development Corporation DBA PAL Hawaii Org, EIN #83‑2662028. Neighborhood Housing Community Development Corporation may be contacted at 4585 Lehua St, #300, Kapa’a, HI  96746, 1 (808) 720‑1011."