What is a Nonprofit Planned (or Legacy) Gift?

Nonprofits rely on the generosity of donors to continue their work. While some donors make donations regularly, others choose to make a more lasting contribution through a planned gift. A planned gift is a donation that is made as part of an individual's overall financial planning. Common types of planned gifts include bequests, life insurance policies, and retirement account assets. By including a non-profit in their estate plan, donors can make a significant impact without compromising their financial security. Planned gifts can have a significant impact on the work of a non-profit, and they are an excellent way for donors to show their long-term commitment to the organization.