Bequests:

A bequest is a gift from your estate – a transfer of cash, securities, or other property made through your estate plans. You can make a bequest to the Mount Calvary Foundation (MCF) by including language in your will or living trust to leave a portion of your estate to MCF or by designating MCF as a beneficiary of your retirement account or life insurance policy.

Remembering the MCF with a bequest from your estate will help sustain and strengthen the Foundation in years to come. Some of the advantages of creating a bequest may include:

• Retaining control and use of your assets during your lifetime

• The ability to modify your bequest if your circumstances change

• Gifts to MCF from your estate may be exempt from federal estate taxes

Retirement Plan Beneficiary:

Naming the MCF as the beneficiary of a qualified retirement plan such as a 401(k), 403(b), or Individual Retirement Account (IRA) can accomplish a charitable goal while potentially realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming MCF as a beneficiary of your retirement plan, you maintain complete control over the asset while living and upon death pass the asset to MCF.

Our tax ID # is 41­-1652585

Charitable Remainder Trusts:

Charitable Remainder Trusts are gift arrangements that enable you to contribute to the MCF while providing financial support for yourself or others.

A Charitable Remainder Trust may allow you to:

• Claim a charitable tax deduction in the year of the gift.

• Retain an income stream from the gift for yourself or others.

• Remove the assets from your taxable estates and leave a substantial gift to charity.

• Avoid capital gains taxes on appreciated assets donated to the trust.

Life Insurance Policy:

A life insurance policy can be a simple and powerful way to make a meaningful charitable gift. By naming Mount Calvary Foundation as a beneficiary of an existing policy—or creating a new policy for this purpose—you can provide a significant future gift at a relatively low current cost. Life insurance gifts can allow you to support the causes you care about most, potentially receive tax benefits, and leave a lasting legacy without affecting assets your family may need today.

For more information on making a planned gift:

952-474-8893
Foundation@mountcalvary.org

This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor