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What is the difference between an Outright Gift and a Planned Gift?

April 26, 2017gift outright planned

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What is the difference between an Outright Gift and a Planned Gift?

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Outright Gifts: Outright gifts may be in the form of cash, securities, real estate, insurance or personal property. These gifts may be restricted or unrestricted. An outright gift may be considered tax-deductible for the donor, while providing immediate resources for use by SIUE. Planned Gifts: Planned Gifts come in many forms including bequests, life income gifts, life insurance, and other options. These gifts may be created by gifts of cash, securities, real estate or other gifts. Planned gifts may be restricted or unrestricted and may provide benefits to both the donor, SIUE and the SIUE Foundation.