A Legacy of Hope – Ways to Give

GIFTS ANYONE CAN GIVE

Are you planning to include Mentors International in your estate planning?

We would love to invite you to become Legacy of Hope.

Please let us know if you have made Mentors International a beneficiary of your Legacy of Hope gift.

Contact us at (801) 676-7776 or email info@mentorsinternational.org.

BEQUESTS

Anyone can designate gifts to beneficiaries through a will.

Often, circumstances with wills change or designated beneficiaries no longer exist. If you have made a bequest, now would be a good time to review them and consider a bequest to Mentors International. Such gifts enable you to achieve your goals during your lifetime with certain tax advantages.

For tips on sample gift language to give to your tax advisor, click here.

GIFTS OF LIFE INSURANCE

Often times those who have accumulated a comfortable financial position have life insurance policies that are no longer required. Such policies can be a perfect vehicle for a charitable gift with accompanying tax benefits.

By naming Mentors International as the owner and beneficiary of part of all of an insurance policy, you can receive a charitable deduction.

For tips on sample gift language to give to your tax advisor, click here.

GIFTS OF STOCK

Gifts of stock can be made at any time with important tax benefits. 

Two-fold tax savings can be realized through giving stocks that have long-term appreciation. Any capital gains tax that would otherwise be due on the increased value of the stock can be avoided. Also, a tax deduction for the full fair-market value of the stock can be realized on the date the stock is gifted. Make a meaningful gift with no out of pocket expenses. 

Take advantage of appreciated securities without incurring capital gains tax. for more information, click here:

Gift of Donated Stock
Gift of Appreciated Stock

IRA ROLLOVER

Under the Protecting Americans From Tax Hikes Act of 2015 (“PATH”), which has been passed by Congress and signed into law by the president on Dec. 18, 2015, the IRA charitable rollover provision, which has shifted millions of dollars from IRAs into charity, has been made permanent, retroactive to Jan. 1, 2015.

The provision allows individuals aged 70½ and older to donate up to $100,000 from their IRAs to public charities without having to count the distributions as taxable income. Share this news with a qualified individual that you may know. Encourage them to contact their tax adviser to learn how they can make a tax-advantaged gift to Mentors International.

GIFTS OF REAL ESTATE

Charitable Gifts of real estate can be very tax advantageous for a home, vacation home, a farm, or acreage. 

Usually, a sizable capital gain tax will be incurred if the property is sold which has appreciated in value over the years. If such a property is gifted to Mentors International, the tax can be avoided and you can realize a charitable tax deduction for the full market value of the real estate. 

LIFE INCOME GIFTS

A life income gift allows you to give assets to Mentors International while providing yourself or others with income for a period of time before Mentors International is permitted to use your gift. You may make a life income gift by transferring securities, cash, or other property to Mentors International or a trustee. Mentors International then manages the investment of the assets and pays an income to you, your designated beneficiaries, or both. Income payments continue for the beneficiaries’ lives or, in some cases, for a term of up to 20 years.

There are several kinds of life income gifts available:

Charitable Gift Annuities
In exchange for an outright gift, Stanford agrees by contract to pay a fixed amount each year to you and/or another beneficiary for life.

Charitable Remainder Unitrusts
You establish a trust from which you and/or other beneficiaries receive variable annual payments for life and/or a term of years. At the end of the term, the remainder of the trust assets go to Mentors International for the purposes you designate.

Charitable Remainder Annuity Trusts
You establish a trust from which you and/or other beneficiaries receive annual payments of a fixed-dollar amount for life and/or a term of years, after which the remainder of the trust assets pass to Mentors International for the purposes you designate.

Please note that Mentors International is not in the business of providing tax advice. The information presented above is in simple terms and for presentation only. If you are considering such a donation, please consult the services of a tax professional to assist you with your donation.