Planned giving

 

 

 

Leave a legacy

Legacy gifts are a great way to support Mother and Child Charity [MACC]. These generous gifts truly make a difference and ensure our ability to fulfill our mission of improving the health and quality of life of the individuals, families and the communities we serve. You can make a legacy gift by naming Mother and Child Charity, Inc. as a beneficiary of your will, living trust, life insurance, or retirement plan. You can also create other deferred arrangements to support our Charity, such as gift annuities and charitable trusts.

Depending on your goals, there are many charitable options to choose from.  We invite you to explore the various types of gifts, research and compare their benefits, and take actions to meet your personal goals and support Mother and Child Charity.

Below you’ll find information on how to give:

BEST ASSETS TO GIVE 

     Cash

This is a frequently used asset for all forms of charitable gifts and provides the most immediate deductions. Tax savings are not the reason friends support our endeavors, of course, but they do enable supporters to do more than they might have thought possible. But the results may be better if you give investment assets that have gone up in value.

      Investment Assets

People often are surprised to learn that there are different tax results from giving different types of property.  Gifts of highly appreciated securities, for example, maybe particularly favorable.  If stocks have been owned for more than one year, then donors can deduct not just their original cost, but also any “paper profit” present in the gift. Best of all, there are no capital gains taxes due when you give securities.  Mutual funds and other types of investments offer the same advantages. 

     Real Estate

Tax benefits available for gifts of highly appreciated real estate are virtually identical to those for gifts of securities that have gone up in value.  First, you avoid capital gains tax on your profit.  Second, you receive an income tax charitable deduction for the full fair market value of the property you contribute. 

     Business Interests

Many of our friends own stock in their own businesses that can be given at extremely low cost, providing personal deductions that are “paid for” by the company. 

 Contact us before you sell profitable stocks, investment real estate, vacation property or farmland, sell your business, sell replacement stock from an employee stock ownership plan (ESOP) or plan for passing your business to the next generation.

make a bequest

Want to leave a legacy that keeps working for years to come? Designating a portion of your estate to Mother and Child Charity is easy. The following language may be added to legal documentation (will or estate plan) to make contributions to Mother and Child Charity via a bequest. This language is relevant whether the bequest is a set amount, a percentage of the estate, or the residual of the estate. 

                …..to Mother and Child Charity, Inc., for the use and benefit of…

•    Area of greatest need

For example: “I give and bequeath to the Mother and Child Charity, Inc., Orlando, Florida ___ percent (___%) of my net residuary estate after the payment of all my debts and taxes for the use and benefit of the (area name).”

What Are Bequests?

Bequests are the transfers of wealth that occur upon a donor’s death and can take several forms such as:

• Specific bequest – a certain amount of cash, securities, or property.
• General bequest – a property that is similar to all other items distributed, usually cash.
• Percentage bequest – a stated percentage of the donor’s estate.
• Residual bequest – all or a portion of what remains of the estate after specific and general bequests are distributed.

receive income from a gift

It’s been said, “I will give away my apple tree, so long as I (or someone I choose) can keep the fruit the tree produces, every year, for life.” That’s the very simple concept behind a special category of gifts known variously as “deferred” gifts, “planned” gifts or “life income” gifts. These gifts enable you to make a gift of significance, receive a partial tax deduction and yet keep an income for life for you or others. The income can be fixed or variable.  Depending on how your gift is arranged, you can plan for:

• Increased income for your family;
• Capital gains tax avoidance;
• Minimized taxes on your income;
• Increased income at retirement;
• Diverting of income to someone in a low tax bracket;
• Gift tax and estate tax savings; Professional management of your funds;
• A hedge against inflation; Reduced probate costs;
• Provide college funds for grandchildren.

Contact us before you sell and reinvest securities or real estate, or “roll over” low-yield certificates of deposit. We can help you plan a life income gift that is right for you, your family and our organization.

gifts of stocks & securities

How it works:
Stock held for more than one year can be transferred following the simple instructions below:

Notify your broker that you wish to transfer stock to Mother and Child Charity, Inc.,  In order to complete the transfer, you and/or your broker will need to contact us for details. The bank notifies the organization when a stock transfer occurs, and the organization promptly sells the shares. Your gift will have an immediate impact.
We will provide you with documentation of your donation per IRS guidelines.

beneficiary designations

Name Mother and Child Charity, INC. as your beneficiary of an insurance policy or as the recipient of an IRA or another qualified retirement fund.

the charitable Ira rollover gift

If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to Mother and Child Charity without owing any income tax on the distributions. This break may be especially beneficial now because of the Tax Cuts and Jobs Act (TCJA) changes that affect who can benefit from the itemized deduction for charitable donations.

charitable trust

Charitable Lead Trust 

Set up a lead trust for a certain period of time and make Mother and Child Charity your designated charity during or after your lifetime.  A significant benefit for donors and his heirs, while also supporting MACC to further serve our communities by providing humanitarian aid to the underprivileged children and families.

Two Types of lead trusts:

• Charitable lead annuity trusts (CLAT) – In the first type, the donor sets a fixed annual gift for Mother and Child Charity.
• Charitable lead unitrusts (CLUT) – In the unitrust, Mother and Child Charity receive a percentage of the trust’s value each year.  It means that those benefits will fluctuate based on the trust’s investment returns or losses.

 

Charitable remainder trust

Charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to Mother and Child Charity.

 

 

Thank you for supporting Mother and Child Charity. If you have any questions, please feel free to contact us via

Email: info@motherandchildcharity.com or Phone: +1 407-720-4358.

This article is just for informational purposes. It is not intended to be legal advice. Check other sources, such as the IRS, and consult with legal counsel financial adviser or an accountant to make sure our program works best for you.