Planned Giving Glossary of Terms

A glossary of terms related to planned giving.

Appreciated Securities
: Stock and/or bonds that have increased in value since they were acquired.

Asset: Any item of economic value owned by an individual or corporation, especially that which could be converted to cash.

Beneficiary: The person or charity identified/named to receive the benefits of a gift.

Bequest: Personal property gifted (bequeathed) through a will. Download our bequests language to give to your financial advisor.

Charitable Gift Annuity: An agreement under which a charity pays a fixed sum of money paid annually to an individual

Planned Gifts: Also called ‘Legacy Gifts,’ include a variety of methods by which a donor can leave money/assets to a non profit organization during his or her lifetime or at their death; or a way to invest money so the donor receives benefits during their lifetime and then bequeaths the remaining funds to the non-profit.

Endowment: A pool of assets held by a non-profit organization and invested to provide annual income for the organization.

Estate: The total of a person’s assets or wealth.

Estate Planning: The overall planning of the distribution of a person’s assets, including such aspects as creation of a will and/or trusts, tax planning, gift designations, and determinations of beneficiaries and power of attorney, among others.

Estate Tax: A tax on an individual’s transfer of property or interests at the time of death.

Irrevocable: An agreement that cannot be changed or dissolved by a grantor. 

Revocable: The ability to change or dissolve an agreement at any time by the grantor.  Charitable bequests, certain living trusts, and beneficiary designations through a retirement plan or life insurance policy are all revocable.

Taxable Estate: The total value of a deceased person’s assets that are subject to taxation, net of liabilities and tax-deductible bequests.

Trust: An arrangement whereby property is held by an individual or institution for the benefit of others.

Will: A person’s statement to the public regarding the disposition of his or her property at death; also called “last will and testament.”

Download this Glossary of Planned Giving Terms.

Note: The Deschutes Land Trust can provide information about how your planned gift can support the organization but cannot provide legal or tax advice. We encourage all supporters to seek independent financial and/or estate planning assistance.