Planned Giving
Gifts made through a will, charitable gift annuities, life insurance,
and numerous other options continue a legacy of giving in the years
ahead. Some people seek to share blessings through giving methods that
take into consideration their financial, tax, and estate planning
objectives.
- Wills. If
you plan to make a charitable gift by will, please think it through
carefully. Then, meet with your attorney to discuss and update your
will. Tell him or her exactly what you want to do. Be as clear as
possible in describing what you want given to whom.
- Charitable Gift Annuities.
The concept of the charitable gift annuity in America dates back to the
1870s, when a parishioner first donated a valuable asset to a church in
exchange for a flow of income. Today, the concept includes valuable tax
benefits for donors. But perhaps more valuable than the financial
advantages is the satisfaction donors gain by helping to continue the
mission and good works of MEDC.
- Life Insurance.
You can donate a life insurance policy to us or simply name us as the
beneficiary. For the gift of a paid-up policy, you will receive an
income tax deduction equal to the lesser of the cash value of the
policy or the total premiums paid. To qualify for the federal
charitable contribution deduction on a gift of an existing policy, you
must name us as owner and beneficiary.
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If you would like to learn more about these and other different types
of planned giving, please email us or call (206) 325-2542.
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