Legacy, Estate, and Asset Giving

Coming Soon - MWYF Champions Circle:

The MWYF Champions Circle (coming soon) is reserved for MWYF supporters who have pledge a gift in their will or trust, have purchased charitable gift annuities or made beneficiary designations We are honored to recognize these generous supporters with membership into our Champions Circle. As a member of this group, you will: be invited to annual events for Champion Circle members only with our youth, alumni and other Champions Circle members; establish your legacy as a champion for children; be listed on our Champions Circle webpage; and receive your complimentary Champions Circle welcome gift.

Give a Gift Through Your Will

Designating a bequest to MWYF through a will or trust is one of the simplest ways to extend your legacy of hope to our youth through our program for years to come. This giving option provides significant flexibility as your will can be changed at any time.

Give a Gift Through Your Trust

You can also use trusts to reduce taxes and, if you choose, provide ongoing payments to yourself or loved ones. Trusts are legal entities that hold assets for beneficiaries to inherit eventually. This giving option also provides significant flexibility as your will can be changed at any time. There are several trusts that are available to provide your designated charity with funds:

Revocable Living Trust:

A revocable living trust is a document that allows you to place assets or property into a trust so they can seamlessly transfer to your beneficiaries after you pass away. As its name suggests, you can amend or revoke the terms of a revocable living trust at any time. You can also give in a variety of ways. For example, you can give a designated amount or provide a percentage of your estate. Revocable living trusts are one of the simplest ways to donate to MWYF

Charitable Lead Trust:

This type of trust provides your designated charities with current income from the trust in the form of interest and asset appreciation payouts. After a specified period (or at death), the balance of the trust is then transferred back to your beneficiaries. This offers the current benefit of donations to charity and reduces taxable income for your beneficiaries.

Charitable Remainder Trust:

With this type of trust, you provide assets to the trust, which then pays an income to you or anyone you choose. You can designate payments for a specified period (or for your lifetime and the lifetimes of others receiving payments). When the last person receiving payments passes away, the remaining balance is donated to your designated charities. You’ll receive income and save on taxes immediately while helping children in poverty in the years to come.

Life Insurance Policies

When giving through a life insurance policy, you can designate MWYF as a beneficiary or as an owner and beneficiary. When MWYF is a beneficiary of your policy, you still own the policy. Your decision can be altered, and your estate will receive a tax deduction at the time of the ultimate gift. When MWYF is the owner and beneficiary, you make an irrevocable decision for MWYF to own the policy. You’ll receive a tax deduction for your paid premiums, as long as the policy is paid up

IRA/Retirement Plans

Similar to giving through a life insurance policy, you can designate MWYF as the beneficiary of a percentage of or all of your IRA or retirement account. When MWYF is a beneficiary, you still own the policy and can change beneficiaries as you like.

If you have already included MWYF in your legacy, estate and asset planning, will you let us know?
Click here to fill out a form or call us at 904-359-5437

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.