Camp Fire Planned Giving FAQs
Q. What is planned giving?
A. Planned giving, or charitable gift planning, is a way for individuals to provide financial support to an organization during their lifetime and even beyond. Many planned giving arrangements are typically made known in a will or trust that goes into effect after a person's death.
Q. Do I really need a will?
A. Whether or not you plan to support Camp Fire or other groups through your will, it is important to have one. Without this legal document, you will not have control over how your money or possessions are distributed after your death.
Q. How do I determine what is in my will?
A. Your estate plan should be based on the types of past experiences, issues, causes, individuals or groups that have made a difference in your life. An estate plan protects your assets, your family and the integrity of your desire to continue to support meaningful experiences.
Q. What tax benefits will I receive through planned giving?
A. Depending on how much you give and the method you choose, you could realize significant tax benefits. Some of the tax benefits are noted on the options explained here. Your attorney or professional tax adviser can tell you the exact tax benefits your gifts are eligible for.
Q. What if my family thinks I am "reducing" their inheritance by providing a gift to Camp Fire?
A. You should always think of what your family needs and make appropriate decisions before you consider giving to Camp Fire. Share with them your Camp Fire experiences and memories, and let them know how you feel about your legacy living on through the organization. Nine out of ten times, your family will not only understand your desire to remember Camp Fire in your will - they'll strongly encourage you to do so. Plus, you may find that what is being reduced may provide less of a tax burden to your family.