Planting Seeds for the Future: The Power of Planned Giving

Prepared by: Greg Schreacke, ResultPoint Financial

What does it mean to leave a legacy? For many of us, it’s about making a lasting impact—ensuring that the values we hold dear continue to thrive for generations to come. That’s the heart of planned giving.

Planned gifts aren’t just for the wealthy—they’re for anyone who wants to steward their resources wisely, providing for loved ones while also supporting causes that reflect their deepest values. These gifts often come with tax benefits and financial flexibility, making them a smart and heartfelt option for strategic generosity.

Today’s planned giving landscape offers a range of flexible tools to suit every donor’s goals. Here are a few powerful options:

• Endowments:  An endowment is a financial gift given to a nonprofit organization, typically with the intention of maintaining the principal amount while using the investment income for specific purposes. These funds are commonly used by the Elizabethtown Community and Technical College to ensure long-term financial stability. Endowments can be leveraged through the Endow Kentucky Tax Credit Program that allows donors to receive a charitable deduction and a credit against Kentucky State income taxes. 
• Donor-Advised Funds (DAFs): Often described as charitable investment accounts, DAFs allow donors to make a contribution, receive an immediate tax deduction, and recommend grants to their favorite nonprofits over time. They’re ideal for individuals who want to centralize their giving and involve family members in legacy planning as well as take advantage of the tax benefits associated with the contributions. 
• Charitable Remainder Trusts (CRTs): These irrevocable trusts provide income to you or a beneficiary for life (or a set number of years), with the remainder going to your chosen charity. CRTs are a smart option for individuals holding highly appreciated assets—they combine income, tax benefits, and philanthropy.
• Bequests in Wills or Trusts: Perhaps the most familiar vehicle, a bequest allows you to designate a portion of your estate to a nonprofit. It’s simple, powerful, and doesn’t affect your finances during your lifetime.
• Beneficiary Designations: Designating a nonprofit as a beneficiary on retirement accounts, life insurance policies, or investment accounts can be an easy, tax-efficient way to make a meaningful gift.

Each of these vehicles offers flexibility, potential tax advantages, and an opportunity to leave a legacy that aligns with your values. At ResultPoint Financial, we guide clients through every step—from identifying goals to coordinating with legal and tax professionals—to ensure their giving plan works harmoniously with their broader financial picture.

Legacy is personal. Let’s make yours impactful to build something that lasts.