A Charitable Gift Annuity is a type of planned gift for the Annuity instrument type, and Real Estate is a type of planned gift for the Property instrument type.
Planned Gifts given to your organization will come from individual donors; however, they can come in a variety of formats, such as an annuity, bequest, trust, life insurance, or property. Every planned gift will be a specific type of planned gift, which is associated with a particular type of instrument.
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A Charitable Gift Annuity is a type of planned gift for the Annuity instrument type, and Real Estate is a type of planned gift for the Property instrument type. |
A planned gift will always be associated with a single proposal. A planned gift method for a proposal will allow you to define specific information for planned gifts. In addition, proposals can be used to determine where the money from a planned gift will go and staff members who will handle the planned gift.
Click here for examples of instruments and planned gift types.
Grants also will come from individual donors or foundations. Each grant will have its own requirements that need to be met in order for the grant to be given to your school. You then go through an application process for the grant and apply for certain amounts of money, which may or may not be awarded in part or in whole.
A grant will always be associated with a single proposal. In addition, proposals can be used to determine where the money from a grant will go and staff members who will handle the grant.