The Art of Philanthropic Planning and Giving
Planned Giving is the practice of designating a major gift to a charitable organization while alive or as part of an Estate Plan to leave a legacy. An endowment gift to the Society of American Magicians Magic Endowment Fund is an investment for the future of Magic. When you make a donation to the Magic Endowment Fund, you give a gift with both immediate and long-term benefits. Endowment donations are invested. A portion of the annual income from the investment is used to award Grants to help advance the art of Magic. The remaining funds are reinvested to ensure indefinite support. Your gift can be in the form of cash, marketable securities, real estate, RMD Contributions, life insurance, equity, or personal property like collectibles.
What Are the Benefits of Philanthropic Planning and Giving?
- Personal commitment to support a favorite charity
- Donor’s opportunity to establish a legacy
- Opportunity to leave a major gift that may not have been possible in their lifetime due to financial constraints
- Charitable Gifts are often exempt from Estate Tax, meaning more of the gift would go directly to the organization
- Donors can avoid capital gains taxes when they transfer appreciated assets as part of a Planned Gift
Make an Impact and Leave a Legacy
Philanthropy is a platform that offers creative ways to make a contribution to the community and leave a legacy. There are many ways to help and make philanthropic gifts, some of which may have favorable tax benefits for donors.
- Cash Donations (See “Donate” page)
- Future Gifts upon Death (Through Life Insurance, Wills, Trusts) or Beneficiary Designation (Click Here)
- Gifts of Retirement Assets or IRA distributions (Click Here)
- Gift of Real Estate, Collectibles, Magic books/Props or other tangible property (Click Here)
Please note: “The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.”