A planned gift is one that integrates personal, financial, and estate planning goals with a donor’s giving, regardless of whether the giving is done while they are alive or at the time of their death.
Many planned giving vehicles are available, including bequests, donor advised funds, private foundations and charitable trusts. Often the best results can be attained by combining a vehicle like a donor advised fund with another vehicle such as a charitable remainder trust (CRT).
A CRT is an example of a split interest trust. Such trusts are considered “split” because their value is broken into two components: a “life” interest and a “remainder” interest.