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Planned Giving

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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:

  1. Including Morningside Ministries in your will, revocable trust or other financial plans.
  2. Naming Morningside Ministries as a beneficiary of your retirement account.
  3. Naming Morningside Ministries as the owner and/or beneficiary of a life insurance policy.
  4. Entering into a life income arrangement or a charitable trust for the benefit of Morningside Ministries, such as a charitable remainder unitrust or a charitable lead trust.

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 Beth Keough in the Development Department at 210.734.1050 or Beth.Keough@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

One of the most frequently used methods of making a planned gift to Morningside Ministries is a bequest. Your will, drafted properly and kept current, may be the most important legal document you will ever possess. Through your will, you make certain that your relatives, friends, and favorite charities are remembered. We can provide sample bequest language for you.

 

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

By designating Morningside Ministries as a beneficiary of a life insurance policy, you can significantly leverage your contributions for our aging population. For example, you can name Morningside Ministries as the owner and beneficiary of a life insurance policy and make annual gifts to MM in the amount of the premium payments.

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.

 

Watch Frank & Janet LaCava Talk About Giving Back

Please contact:

Beth Keough
Vice President of Development
at 210-734-1050
Beth.Keough@MMLiving.org
or write to her at
Morningside Ministries,
700 Babcock Road
San Antonio, TX 78201

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