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Giving to the Foundation

Giving to the Foundation

MTC Development Office

Gift Annuity | Charitable Lead Trust | Charitable Remainder Trust

Planned Gifts

• Gift Annuity

• Charitable Lead Trust

• Charitable Remainder Trust

In some instances, you can designate a specified amount of money in a qualifying trust that will provide income to you (and your spouse) for life; thereafter, the principal will be paid to the MTC Foundation upon your death or upon a specified date. These trusts, which are generally described as charitable remainder trusts, ensure income while providing an immediate charitable deduction to you for the remainder of the interest that will someday be paid to the MTC Foundation. The type of planned giving which is most appropriate for your situation can be determined in consultation with your attorney, certified public accountant or tax advisor.

Gift Annuity

How it works

• you transfer cash or securities to the MTC Foundation

• the Foundation pays you, or up to two annuitants you name, fixed income for life –the principal passes to the MTC Foundation when the contract ends.

Benefits:

• you receive an immediate income tax deduction for a portion of your gift

• your annuity payments are guaranteed for life, backed by a reserve and the assets of the Foundation

• your annuity payments are treated as part ordinary income, part capital gains income – you can have the satisfaction of making a significant gift that benefits you now and the Foundation later

Charitable Lead Trust

How it works

• you contribute cash, securities or other property to a trust

• the trust makes fixed annual payments to the Foundation for a specified term of years

• when the trust ends, the remaining principal goes to your heirs.

Benefits:

• you qualify for a gift tax deduction for the present value of the annuity payments to the Foundation

• you can adjust the annuity payments and the term of the trust to reduce or even eliminate taxes due when the principal reverts to your heirs.

• all appreciation that takes place in the trust goes tax-free to your heirs.

• you can have the satisfaction of making a significant gift to the Foundation now that reduces taxes due on transfers to your heirs later.

Charitable Remainder Trust

How it works

You can make a substantial gift through a personal individualized plan and receive a stream of income for life or a term of years. They distribute either a fixed dollar amount of income (a charitable remainder annuity trust) or a variable amount (a charitable remainder unitrust) for the lifetimes of the beneficiaries or a set term of years. The MTC Foundation would receive the remainder of the assets upon the death of the final income beneficiary.

Benefits

• you receive an income for life or for a number of years not exceeding 20. – you avoid capital gains taxes when funding a trust with appreciated property.

• you receive a charitable income tax deduction based on the amount of gift and payout rate selected.