marcfirst - Normal, IL - Gift Planning

You believe in the work of marcfirst, and you want to ensure that we will be here for the lives of generations of individuals with developmental disabilities for years to come. You want your gift to make a difference. Many grateful families and friends have provided for Mar Center as part of their estates, you can too, any planned gift you create helps us build a secure future.

Through planned giving, it is possible to make gifts to marcfirst that you thought impossible. A planned gift to marcfirst is a prudent choice for many reasons:

Maximizing your charitable contribution

Allowing a advantageous tax deductions under both state and federal law

Turing appreciated assets into income for yourself and/or family members.

Three kinds of gifts you can make to marcfirst

During your lifetime you can make an outright gift of cash, securities, or other property (real estate, personal property).

Upon your death you can make a gift through your will, bequests, revocable trust, or through distribution from a retirement plan or life insurance policy.

You also have the option of making a gift that returns lifetime payments to you, your spouse, or other individuals, such as a charitable gift annuity, or charitable remainder trust.

You can leave a wonderful legacy to help change the outcome for the people we support.

The Pension Protection Act of 2006 makes it possible for persons over the age of 70½ to make tax-free gifts from otherwise taxable withdrawals from traditional and Roth Individual Retirement Accounts (IRAs).

As part of the Pension Protection Act of 2006 Congress has opened up a new avenue for tax-free charitable giving. It is possible for persons over 70 ½ to make gifts directly from IRA’s to marcfirst or certain other charitable organizations. For those who are required to make fully taxable mandatory withdrawals from their IRA in amounts larger than they would like or really need, the new law makes it possible to instead make tax-free gifts using these funds in amounts up to $100,000 in 2007. This represents a way to transfer excess retirement funds for charitable purposes during life without increasing one’s income and without tax consequences. Check with your own advisor regarding any questions you may have about the Pension Protection Act of 2006.

Disclaimer

The information on this site is not intended as legal, tax, or investment advice. For such advice please consult an attorney, tax professional or investment professional.

You can leave a LEGACY