The NKF Planned Giving programme started in late 1998. Through it, you can pledge your property, CPF, savings or life insurance policy to the NKF. The pledges take effect only after your death. Property can be pledged through a will; CPF savings through a CPF nomination, and life insurance policies through your insurance companies.

A planned gift to the NKF will help to ensure the future of the services and programmes we provide in Singapore.

WHAT IS PLANNED GIVING?

Life treats us all in different ways. Some are born with all material comforts and live life to the fullest. Others are born in trying circumstances and are destined to live a life full of struggles. If you have been fortunate enough in this world, in one way or another, Planned Giving is your way of saying thank you to society. It is your gift to the world, especially to the needy and the unfortunate in our society.

The term “Planned Giving” refers to charitable gifts that are arranged with forethought and planning and are executed over an extended period of time or at some point in the future. Planned Giving is also the process of strategic transfer of assets from a donor to a non-profit organisation. It can take many forms and it offers many options to the donor. Planned gifts may include gifts through your will, charitable gift annuities, gifts of life insurance, CPF and charitable trusts.

Planned gifts can be custom-designed to provide optimal benefits for both the donor and the registered charity. It usually comes from a donor’s assets rather than income and can either be outright or deferred, which means they could be arranged now and/or be fulfilled later.

WHY IS PLANNED GIVING IMPORTANT?

Planned Giving is important because a planned gift to the NKF will help to ensure the future of our life-saving services and programmes. This support enables us to make improvements in existing programmes and to develop new programmes that might help a larger section of the society

WHEN SHOULD ONE START ON PLANNED GIVING?

No one wants to think about one’s own death. But a little time spent sorting out one’s affairs now will go a long way to save one from a lot of uncertainty and heartache.

Many people assume that after their death, all their money and possessions will be transferred automatically to their spouse or relatives. Sadly, this isn’t always the case. If you die without making a will, the Government will decide how your estate or wealth is to be divided. This often prolongs an already painful time and can cause unnecessary distress and upset.

Making a will puts you in control of your estate and allows you to make the decisions about your possessions for your loved ones. It is the only way to ensure that your money and your belongings go to the people you care about. Apart from helping your family and friends, you are assured of peace of mind when you make your will. It is therefore a very positive and worthwhile thing to do.

HOW DO I MAKE A PLANNED GIFT?

will

You can arrange a gift in a will or living trust. Many people set aside a certain dollar amount. Others leave a percentage of their estate or any assets left over after their family has been provided for. Some people choose to donate cash, securities, real estate or personal property. A few also give life insurance policies or funds from a retirement account or other financial asset.

Anyone can leave a gift. “Estate” is simply a word used to describe any money, property or personal belongings that one owns at the time of one’s death. Most people leave an estate when they die, even though they may not have had a great deal of wealth.

A gift in memory of a loved one is a wonderful way to recognise someone who has made a difference in your life. Contact the organisation that you wish to benefit through your memorial gift to discuss the options. Such gifts can be arranged in your will. You simply need to make it clear that the gift is given in memory of a particular person or for a specific use.

If you have a professional advisor like a financial planner, a lawyer, an accountant or an insurance agent, do discuss with him/her about leaving a gift. They can tell you the tax benefits of planned gifts. You can also contact your designated non-profit organisation as they can guide you to achieve your goal.

CPF

A donor can nominate the NKF as a beneficiary of his CPF savings. A CPF nomination is a legal document where a person states how he wants his CPF savings, the insured sum under Dependants’ Protection Scheme (if any) and shares in an approved corporation (e.g. SingTel shares), to be distributed in the event of his death.

CPF nomination forms can be obtained from any of the CPF regional offices. The donor in the presence of two adult witnesses must sign the nomination. In addition, a marriage makes any earlier nomination invalid. One has to change his/her nomination if he marries or remarries. Furthermore, a divorce does not automatically change the beneficiary. A divorcee must submit a fresh nomination to change the beneficiary.

WILL

A gift by will is known as a bequest or a legacy. A bequest is, in every sense of the word, the ultimate gift. Bequests can either be specific or residual.  For example, providing for The National Kidney Foundation in your will can be as simple as including the following sentence:

“I give, devise and bequeath to The National Kidney Foundation ____% of my estate to be used for its general purposes”.