Planned Giving
Making a charitable contribution to the Mental Health Association in Michigan (MHAM) is a great way to give back as you age and accumulate wealth. It lets you invest in a cause you care about. How can we help you choose the right type of donation? There are many ways to make charitable contributions, all of which ultimately will have a positive impact on MHAM. The strategy you choose will depend upon your individual goals, tax and financial plan.
Bequest by Will
Including a charitable bequest in your will is a simple way to make a lasting gift to MHAM and your community. You can leave a bequest to MHAM by adding to an existing will or drafting a new one. You can make a gift of a stated dollar amount, specific property, a percentage of your estate, or the remainder after distributions to other beneficiaries
Life Insurance
Giving through life insurance is one of the simplest ways to make a significant contribution to MHAM and establish your legacy of giving. There are two approaches: You can designate MHAM as the primary or secondary beneficiary of either 100% or some percentage of the proceeds from the policy. Or you can transfer to MHAM ownership of the policy.
Gifts of Publicly-Traded Stock
Shares of appreciated publicly traded stock are an effective way to support MHAM and avoid taxation on the gain. We can receive stock gifts directly through your brokerage account; you receive a charitable income tax deduction, usually equivalent to fair market value as determined under IRS guidelines.
Gifts from Retirement Plans
Retirement plan assets (those in qualified plans and IRAs) are ideal for charitable giving purposes because these assets are often heavily taxed when passed to non-spouse beneficiaries. To make a future gift of retirement plan assets simply requires a designation of MHAM as the beneficiary of the plan.
For more information about how your planned gift can benefit the Mental Health Association in Michigan, please complete the information below and we will be in contact with you shortly. We also recommend that you consult with your tax advisor or planning professional.
