These make up the majority of planned gifts. Anyone can make a bequest to a nonprofit through their will or estate plan. Donors can allocate a specific amount of money to give after they die, such as a lump sum or a percentage of their total wealth, or they can choose to give the remainder of their estate to a nonprofit after all of their other bequests are paid.
What is planned giving?
One of the many ways that many of our members choose to express their commitment to our long-term sustainability is by naming the AMA Foundation in their wills or trusts. This is a way to make a lasting contribution without affecting your current financial security and fs reedom. Planned gifts offer you the flexibility to balance your personal financial goalwith your interest in supporting the AMA Foundation.
Ways to give
Pooled-income funds
These are charitable trusts that are established by nonprofit organizations. Donors contribute to the fund, the nonprofit invests the contributions, and it pays dividends to the donors during their lifetimes. The fund distributes the remaining assets to the designated charity or charities
Charitable remainder trusts
Charitable remainder trusts are tax-exempt, irrevocable trusts that make annual payments to the beneficiaries for a certain amount of time, and then donate the remainder to a nonprofit
Charitable gift annuities
This is an agreement in which the donor gives a significant gift to a nonprofit, receives a tax deduction at the time of the gift, and then receives payments from the nonprofit during their lifetime. The nonprofit may invest the money and after the donor’s death, the nonprofit can use the remaining funds.
