What aspect of planned giving can be an advantage for organizations?

• A. Donations are always in cash
• B. It allows for larger gifts that affect legacy
• C. It only involves asset donations from corporations
• D. It typically requires minimal legal oversight

Answer: (B)

Planned giving offers organizations the opportunity to receive larger donations that can significantly impact their long-term viability and mission. When individuals include charitable organizations in their estate plans, such as through bequests or other financial instruments, they often contribute amounts that exceed typical annual gifts. This can lead to transformative contributions that enhance the organization's capacity to carry out its programs and initiatives.

Larger gifts through planned giving also foster a sense of legacy for the donor, allowing them to make a substantial impact beyond their lifetime. These gifts can be used to endow programs, fund scholarships, or support capital projects, ensuring that the organization can thrive for years to come. This aspect of planned giving not only benefits the organization financially but also aligns with the values and motivations of donors who seek to leave a lasting legacy.