Planned giving is quite literally what it sounds like. Well…sort of. The term simply means that somebody has planned to give a gift to an organization, like Providence Life Services, at a later date (often after their passing), by way of a bequest or estate plan gift.
Most often, cash (or money in general) probably comes to mind when thinking of planned giving. However, there are a variety of types of planned gifts instead of cash, including Life Income Gifts. Life Income Gifts allow you to give assets to Providence while providing yourself or others with income for a period of time before Providence is permitted to use your gift. You may make a life income gift by transferring securities, cash, or other property to Providence or a trustee. Then Providence or the trustee manages the investment of the assets and pays an income to you, your designated beneficiaries, or both. Income payments continue for the beneficiaries’ lives or, in some cases, for a term of up to 20 years.
If you think planned giving may be right for you, contact Bill Buikema, Jr., our VP of Ministry Advancement and Planned Giving, at 708-342-8114 or firstname.lastname@example.org. You can also talk to a planner at the Barnabas Foundation at 888-448-3040, or go to their website at by clicking here.
As always, if you are considering giving a one-time donation to Providence Life Services, you can do so by clicking this link.
We’re grateful for all who partner with us in planned giving, or in any other way that allows us to enhance the lives of those we serve in the name of Jesus Christ.
Written by Providence Life Services Advancement Department