Note: This page provides general information. It is not inteded as professional advice. Please consult your legal, tax, and financial planning advisors.
Making a bequest in your Will or Trust is the most common way to make a planned gift. When you remember MARC in this way, your assets remain available until death. Bequests are also flexible and can be changed or modified at any time. It can be made for a fixed amount of money or for a percentage of your estate and can help to minimize estate taxes.
Retirement Accounts and IRA's:
Designating MARC as the beneficiary is another way to leave a lasting gift after death. You maintain complete control over the account, can take designations and use whatever portion of the account is needed during your lifetime. Whatever is left would flow to MARC as the primary or contingent beneficiary. If MARC is named as a contingent beneficiary, the assets flow to MARC only if the primary beneficiary/beneficiaries have passed away.
Life Insurance Policies provide a few different opportunities to make a planned gift. The easiest way to leave a lasting gift through your life insurance is to name MARC as the beneficiary of your existing policy. If your current life insurance policy is no longer needed, ownership can be transferred to MARC. You will receive the immediate income tax deduction for the cash value of the policy. MARC will then decide if it is more beneficial to cash in the policy or maintain the policy and receive the death benefit at a later date. For guidance in providing a gift of life insurance to MARC, speak with your insurance agent or estate planning professional.
Outright gifts of cash, stocks, bonds and mutual funds may be donated to MARC at any time. To give a gift of stocks, bonds or mutual funds, speak with your stock broker. Warrants and stock appreciation rights may be accepted only upon MARC’s written approval. Real property such as residential, personal and commercial real property, real estate interests, derivative and remainder interests in property and tangible personal property such as jewelry, books, art, collections, and equipment may be accepted only upon MARC’s written approval. Contact MARC’s Development Office for further information on how to receive written approval for real property, tangible personal property, warrants and stock appreciation rights.
To provide MARC with maximum flexibility in the pursuit of its mission, we encourage donors to consider unrestricted gifts as the needs of the organization change throughout the years. MARC can receive restricted gifts and gifts of real and tangible personal property only upon the written approval of the Development Director.
(Please note that this sample language serves solely as a starting point and all Planned Gifts should be discussed and crafted with your personal legal and financial representatives.)
The tax benefits of planned gifts!
Reduction or elimination of your capital gains tax on appreciated assets such as securties.
Reduction of your income tax through the charitable income tax deduction.
Decreased tax liability associated with the transfer of assets to your beneficiaries at your death.
Ways to Make a Planned Gift
Making a Planned Gift to MARC is easier than one might think!