Planned Gifts: Leaving a Lasting Legacy
Each year, the generous spirit of friends and supporters help make our work possible. To help ensure support for the Sisters’ work in the future, alternate methods of giving have become very popular. Planned gifts, including bequests, life-income plans and other options, can offer immediate benefits to you while supporting the ministries of the Sisters of Mercy in the future.
Making the choice to create a planned gift requires thoughtful consideration and discussion. We are available to work with you and your professional advisor to design a plan based on your charitable goals and unique situation. We encourage you to consult with your attorneys and other advisors concerning the details of your planned gift.
Bequest
A bequest is a simple and easy way to make a significant gift. It is an outright gift, through a will or trust, of a particular piece of property, a designated share of property, or a specific sum of money. You may also give property that passes by beneficiary designation (such as an individual retirement account) by naming Mercy Foundation as a beneficiary.
Charitable Gift Annuity
A contract between you and Mercy Foundation, a charitable gift annuity (CGA) allows you to make a gift to the Foundation and receive regular payments to supplement your income. In exchange for a gift of cash or property, Mercy Foundation agrees to make fixed payments to you (alone or with another person) for your lifetime (or joint lifetimes). Payments can begin immediately or can be deferred.
Some portion of your CGA payment may be tax free. Donors using cash to establish a CGA receive the most tax-free income in each payment. Using appreciated stock or other property may mean some of the income is taxed (usually at the lower capital gains tax rate for federal tax purposes).
Charitable Remainder Trust
A charitable remainder trust (CRT), funded with cash or property, makes payments for a life, lifetimes, or term of years and then distributes the rest to Mercy Foundation. If you would like to turn appreciated property that produces little or no income into a productive asset without paying immediate capital gains taxes and, in many cases, receiving a charitable tax deduction, then a CRT might be right for you.
For more information about making a planned gift or to schedule a free, no-obligation consultation,
please e-mail or call Kevin Duggan, vice president of philanthropy, at (916) 851-2703. He is also available to provide guidance to your financial professionals for your estate planning.
