The decision to make a Planned Gift is a very personal one. Not only does it depend on your financial situation, but also on your charitable goals, your well being and the prosperity of your family, and the legacy you want to leave behind.

There are many ways for a donor to make a charitable planned gift. The many forms include cash, securities, real estate, life income trusts and annuities, pooled income fund, bequests, life insurance and gifts-in-kind or any combination of these options.

There are personal and philanthropic benefits unique to planned gifts. A Planned Gift may:

• Make a significant impact on an area of interest in the ASME family and engineering as a whole
• Increase current income for the donor or some other beneficiary such as a spouse or child
• Reduce the donor's income tax
• Avoid capital gains tax
• Pass assets to family at a reduced tax cost 

A planned gift gives you options for directing your gift to the areas that are important to you:

• Donation to the ASME Foundation Endowment adds strength to the Foundation's programs and allows for the creation of new ones.
• Establishing a scholarship in your name or designating resources for an existing scholarship fund supports the next generation of mechanical engineers.
• Supporting pre-college educational programs introduces kids to science and technology and shows them how interesting and fun it can be.
• Public policy programs get engineers involved in government and voice the concerns of the technical community.
• Establishing a Society Award advocates the exceptional contributions of great experts and encourages the next generation to push back the boundaries of technical expertise.

With careful planning, you can develop a gift strategy that is right for you.  The ASME Foundation staff can help you set up a contribution that serves your needs. Many giving options can provide an annual return. Other gift options offer tax advantages. 

Read on to learn more about available options and utilize our   (planned giving calculator) to assess the potential financial benefits a Planned Gift may offer you.