Legacy giving involves important and sometimes complex decisions. MCC donor relations staff have many years of experience helping our generous supporters align their own, deeply held beliefs, values and priorities with the work of MCC. We will be happy to help you explore how a planned gift to MCC might fit in with your life plan!
Ways to Give:
Cash: When most people think of charitable giving, they probably think of a cash gift, with good reason. These gifts are easy to make and can be put to work immediately.
A gift in your will: For many people, perhaps the largest gift they can make will be a gift in their will. This can most easily be done by stating a percentage or a specific dollar amount. Leaving a gift of cash in your will becomes a gift from your estate and is processed by your executor after you pass away.
Other non-cash items: Perhaps you would prefer to donate a non-cash asset to MCC. Some examples of the types of non-cash items you can give include:
- Publicly traded securities (stocks, bonds, etc.)
- Farm and other commodities
- Business or farm equipment
- Real estate
- Other forms of personal property such as art objects, jewelry, intellectual property, etc.
Retirement Accounts: Did you know that you can name MCC as a beneficiary of most retirement accounts? For many people over 70 ½ years old, a Qualified Charitable Deduction (QCD) option from your IRA or other qualified retirement account is a very easy way to give, that often gives you tax benefits.
Life Insurance: As with retirement accounts, you can name MCC as a beneficiary of most life insurance policies.
Life Income Plans: There are various ways to both give money to MCC and generate income for yourself during your lifetime. A very popular way to do this is through a Charitable Gift Annuity. You receive a steady stream of income with tax benefits, since part of your gift is passed along to MCC. There are many other, somewhat more complicated options, such as:
- Charitable remainder trusts
- Charitable lead trusts
- Revocable living trusts
Intrigued? Leaving a legacy gift to MCC tells a story about you, providing a testament to your values. Through some of the suggestions listed above, you may have the capability to give more than you thought. We are happy to discuss any of the options listed here or talk about other potential ways to give.
You can leave a legacy that will make a difference in the lives of many people around the world! Contact us now to get started.