- Home
- About Us
- Communities
- Other Services
- Employment
- Charitable Giving
- CONTACT
Planned Giving
Watch Frank & Janet LaCava Talk About Giving Back
Legacy Society Morningside Ministries is pleased to announce that new members are invited to join the Legacy Society, our planned giving recognition society. The Legacy Society was created to recognize those who have provided for the future of Morningside Ministries by making gifts to the Covenant Endowment Fund through bequests and other planned gifts. If you would like to help insure the future of Morningside Ministries, we invite you to consider becoming a member of our planned giving community by:
Members of the Legacy Society are recognized for their gifts, receive invitations to special events as well as news and information about planned giving at Morningside Ministries and ongoing gift planning services. If you have already made provisions for Morningside Ministries in your estate, please let us know so we can acknowledge you properly. For more information about the Legacy Society, please contact Jack Rodgers in the Advancement Department at 210.734.1050 or jack.rodgers@mmliving.org.
Estate Planning Interested in information and assistance in including Morningside Ministries in your estate planning? We can work with you to help determine the gift and method of giving that best fits your individual needs.
Unlike an outright gift to Morningside Ministries, planned gifts generally benefit Morningside Ministries at some future point in time, and can be a powerful wealth management tool for you and your loved ones. Most popular estate planning options at Morningside Ministries are the following: * Wills/bequests * Income-producing gifts * Retirement plan assets * Life insurance * Real estate Planned giving is an opportunity to make a significant difference at Morningside Ministries within the context of your overall financial plan. There are advantages and considerations associated with each type of gift. Some of these are outlined below.
Wills/Bequests
Income-Producing Gifts (Life-income gifts) An income-producing gift can provide you with an income stream, potential tax savings, and the satisfaction of supporting Morningside Ministries. The creation of life-income gifts provides mutual benefits to both giver and receiver. To make a life-income gift, you must be 50 years or older when the income payout begins.The most frequently referenced life-income gift options are the gift annuity, deferred gift annuity, charitable remainder unitrust and remainder annuity trust.
Life Insurance When the policy matures, the proceeds are paid to MM and applied to the program you designate. The benefit to you is the ability to make a significant gift from income instead of capital. Premium payments are fully deductible You can also transfer ownership of a paid-up or not fully paid life insurance policy to Morningside Ministries. You will receive credit for your gift and an immediate income tax deduction for the cash surrender value of the policy.
Retirement Assets By using your tax-deferred retirement plan assets to make a gift to Morningside Ministries, you can benefit yourself, your family, and ensure that there will be always be “care for those who cared for us.” Among the benefits are not having to pay income and estate tax levied on the residue left in account and gaining the ability to give probably the most-taxed asset in your estate to Morningside Ministries.
Real estate If you own real estate that has appreciated significantly over time, you may want to consider contributing it to Morningside Ministries. Gifts of marketable real estate are welcome and can offer donors substantial tax advantages.
For more information When you include Morningside Ministries in your will, you leave a legacy of caring that will help us “care for those who cared for us.” Please consider including Morningside Ministries in your estate and major giving plans.
Please contact:
|