What policies should we have about planned giving?

Summary:

Organizations and donors both need a framework; this item links to some examples.

Someone asked in Nonprofit (see http://www.rain.org/mailman/listinfo/nonprofit):
I am looking for samples of planned giving policies from other non-profit orgs.
I realize these are agency-specific but would appreciate any drafts readers are willing to share.

David Ross, President,
Community Foundation for Oak Park, responded on August 27, 2003:
See http://www.vcnet.com/~cffop/funds.html for a description of
our Donor-Defined Funds, which implies planned giving.

Our
general policy on these funds is at
http://www.vcnet.com/~cffop/donordefined.pdf. We also have a
specific policy for each such fund. However, with the general
policy, a specific policy is often only a half-page or less.

We do not have a policy relating to structured donations, but
those are addressed at http://www.vcnet.com/~cffop/donations.html.