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Giving Through Your Estate

GivingGiving Through MCFGiving Through Your Estate

You have many options to build charitable giving into your estate plans. They are designed to help you make charitable gifts while enjoying tax benefits and preserving economic security for yourself and your loved ones. They also make it possible for your generosity to continue making a difference for many generations.

Bequests

Naming MCF in your will or living trust is a popular way to support the community.

  • Leave a specific dollar amount, a percentage of your estate, or what remains after other bequests have been satisfied.
  • You may arrange for your heirs to receive lifetime income from your estate, with the remainder going to the Foundation for charitable purposes.
  • Some of the most tax-efficient asset types to give through your will come from retirement plan accounts, since heirs would be taxed on the income in respect of the decedent.
  • Bequests to MCF earn a full charitable deduction on estate taxes.

Detailed information about bequests.

Sample language to use in leaving a bequest to MCF.


Charitable Remainder Trusts

Giving through a charitable remainder trust allows you to receive income for the life of the trust, while the remains go to your community.

  • You can place cash, property, or other assets into a trust that distributes an annual income for life or for the duration of the trust.
  • After death or the end of a specified trust term, the remainder transfers to a fund named at MCF or a specific charitable organization.
  • You receive a tax deduction for the present value of the gift the year it is arranged.
  • This kind of trust is useful for people with securities or real estate that have increased in value but earn little income, because once the assets are placed in trusts, they can be sold and reinvested free of capital gains tax.

Detailed information about charitable remainder trusts.

 

Charitable Lead Trusts

A charitable lead trust enables you to make significant charitable gifts now while transferring substantial assets to beneficiaries later.

  • A trust is set up from which MCF receives annual payments through your lifetime or for a specified number of years.
  • These funds may be distributed to charities you specify or be added to a donor-advised fund.
  • When the trust terminates, the trust principal is returned to you or distributed to your children or others you may designate at reduced tax cost or tax-free.

Detailed information about charitable lead trusts.

 

Retained Life Estates

Turn your property's value into community good through a charitable gift of real estate.

  • You can enjoy the property as long as you like while giving future ownership to MCF.
  • Proceeds of the property's sale go to a fund named at MCF or to a specific charitable organization.
  • You receive an income tax deduction the year the contribution is arranged through the gift of "remainder interest."
 

Gift of Life Insurance

For those whose need for life insurance has decreased, making a gift of an unneeded policy can be a convenient and effective way of meeting your charitable goals.

  • Transferring ownership of a cash value policy to MFC makes you eligible for a charitable tax deduction based on its current value. You also reduce estate taxes, since the value of the policy is removed from your estate.
  • You can make life insurance part of your estate planning by naming the Foundation as a partial and/or contingent beneficiary of any insurance policy's death benefit.
 

Retirement Fund Plans

People who have planned carefully for their retirement may find that the assets in their IRAs or other qualified plans exceed their needs. The remainder may be transferred to MCF, if so desired.

  • You can designate that after your death, assets remaining in the plan are contributed to a named fund at MCF or to one or more specific charitable organizations.
  • This is far more advantageous than including assets in your taxable estate or leaving them to heirs, as they may be taxed at a cumulative rate of over 65%.
  • No estate tax is due on the retirement plan assets that pass to MCF.

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Your Contacts for Giving Through Your Estate

Vice President for Philanthropic Services

Alexandra Derby Salkin

Vice President for Philanthropic Services

415.464.2517

Director of Philanthropic Planning

Brian Van Weele

Director of Philanthropic Planning

415.464.2515

"The more I work with the MCF, the more impressed I am by the Foundation's professionalism, commitment to mission, and dedication to donor charitable intentions. MCF is an exceptional resource to our charitable community and provides much needed stewardship of donor assets. I am always very pleased to be able to refer clients to them."

Julia Sze, CFA
Managing Director, Sonen Capital, LLC, member of MCF's Investment Committee, and a donor since 2006