Donors may structure a gift so that it provides income for the donor, spouse or other designated beneficiary while the gift also supports the Medical College at a later date. This allows the donor to make a "deferred gift," receive a tax deduction and receive income from the gift for life.
There are a variety of types of planned gifts. The most popular is a charitable bequest through your will, which is deductible for estate tax purposes. Life income gifts are also frequently used as they can provide life time benefits to the donor and their beneficiaries, while eventually benefiting the Medical College.
More information about:
Testamentary Gifts – Unrestricted Bequests – Restricted Bequests – Testamentary Life-Income Gifts – Retirement Plans Life Income Gifts
– Unrestricted Bequests – Restricted Bequests – Testamentary Life-Income Gifts – Retirement Plans
Life Income Gifts
–Charitable Gift Annuity –Charitable Remainder Trust –Charitable Remainder Unitrust –Charitable Lead Trust
Contact:
Rebecca Banks Associate Director Planned & Special Giving rbanks@mcw.edu (414) 456-4705