CREATE A LASTING LEGACY BY PLANNED GIVING

There are a variety of ways to give to the YWCA MDI which can provide an easy opportunity to make a significant, lasting gift for generations to come. Many people leave assets to a charity or non-profit organization. This form of donation is known as a legacy gift or planned giving.

Depending on the type of gift you make, you or your estate can receive certain tax advantages, such as reduced taxes on your estate. Some examples include the following:

Estate Planning/Charitable Bequest in Your Will- is a set dollar amount or percentage of an estate that goes to a nonprofit after the donor’s death. This gift costs nothing during a lifetime.

Transfer of Stocks, Bonds & Mutual Funds- can offer tax savings and avoids capital gains tax, a simple and effective way to give.

Real Estate- can allow the donor potential tax benefits such as avoiding capital gains tax and can provide an income tax charitable deduction.

Retirement Assets- an IRA, 401(k), or 403(b) offers significant tax savings allowing the donor to continue to withdraw from the plan during their lifetime and allowing beneficiaries to avoid income and estate taxes.

Life Insurance- is an easy and inexpensive way to give by naming YWCA MDI as the beneficiary.

Charitable Gift Annuity– allows the donor to transfer an irrevocable gift of cash or securities to a nonprofit in exchange for a fixed income payment for life which entitles the donor to an immediate charitable income tax deduction.

YWCA MDI is designated as a non-profit 501(c)3 organization. Our IRS number is 01-0211569.

To discuss a legacy gift in more detail, please contact Jackie Davidson, Executive Director at 207-288-5008 or jackie@ywcamdi.org.