Charitable Giving Now and in the Future
Over and above giving to Moberly Area Community College because you love the mission and what you may have received, there are some ways of looking at how and when to give. To give now you may wish to look at:
Appreciated Property: If you have something of value, i.e., stocks, real estate, collectibles that if sold you would owe taxes on the gain, giving (transferring) the property to MACC may entitle you to an immediate income tax deduction for the fair market value of the gift and eliminate those taxes. Your immediate deduction may be limited, but you can carry that deduction over to future years.
Bequests: You may easily give cash, property, or even an interest in a business to MACC upon your death. You may be able to leave this property in whole or in part without rewriting your will or trust by simply adding a codicil to existing documents. Ask your attorney or ask us for a referral to someone who can help you.
Charitable Annuities: You may gift property into an annuity and receive an income for the rest of your life (or another beneficiary’s life). Whatever is left over comes to MACC after that. In most cases you even get a current income tax deduction for a portion of that gift. If this interests you, we can make a referral to help you look at this option.
Wealth Replacement: Creatively using life insurance to fund or replace a gift to MACC could possibly be the best of both worlds. You can fund a future gift with today’s dollars and receive a potential tax deduction today. This way your children or grandchildren won’t be worried about their inheritance when they see you giving your assets to charity.
Memorial Gifts: To remember someone by making a donation to the Foundation in that person’s name is a special way to give. The family of the deceased will be notified of your generous gift.
Combinations: Many times there isn’t just one best answer, and you must look at a combination of the above. Let us work with you, your estate planner, and your other advisors to make sure it’s a win, win situation.
In all of these situations, please seek competent legal and tax advice, as many of your choices are irrevocable. All gifts to the Moberly Area Community College Foundation are administered by the Foundation and are tax deductible to the extent provided by law. For more information or for assistance please contact:
101 College Ave.
Moberly, MO 65270
660~263~4110 x 11550
800~622~2070 x 11550
e-mail: MACC Foundation Office