Some of the most significant and far-reaching gifts made to charitable giving are through “Planned Giving.” This type of gift allows donors to plan their charitable gift during their lifetime, but defer the actual transfer of assets until after their passing.
Donors identify the charitable causes they wish to benefit from gifts from their estate and make arrangements to ensure their wishes are fulfilled through arrangements made with their legal and financial advisors.
The most common planned gifts are made through a bequest in an individual donor’s will. Many bequests are made to the Community Foundation of the Eastern Shore to benefit one or more nonprofit organizations with a gift to an existing or new endowed fund specifically established for this purpose.
If you are considering a planned giving approach to your charitable contribution planning, we encourage you to consider Assateague Coastal Trust as a potential beneficiary. You can designate ACT as a direct recipient of your giving or you can contribute to the Assateague Coastal Trust Founders’ Endowment, managed by the Community Foundation.
Established in 2007, the Founders’ Endowment was initiated with memorial donations in honor of two ACT founders who passed away that year — Judith Colt Johnson and Ilia Fehrer. The endowment provides funds on a permanent basis to sustain ACT’s education and advocacy programs.
For more information on your planned giving options, please contact Assateague Coastal Trust or the Community Foundation of the Eastern Shore.
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