Most donors start giving through one-time, or even recurring, donations from their cash flows. While these donations are greatly appreciated by their recipients and may intentionally be planned as part of a donor's annual budgeting process, they frequently have a more short-term vision than gifts offered through planned giving.
Planned giving, however, arranges donations in the present to distribute in the future. A planned gift refers to any significant gift, made in a lifetime or perpetuity, as part of a donor's overall financial or estate planning.
"Financial advisors take advantage of various tools to help donors establish a planned gift," said Senior Vice President of Development and Administration Gregory J. Malfitano '73, '75. "The donor needs only two things: a desire to make a difference and something to make a difference with. There is no minimum age or income requirement for establishing planned gifts."
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July 26, 2021 at 11:03AM
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For now & for later - Lynn University
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