Planned, or deferred, gifts will be accepted for the Mary’s Home Capital Campaign but can constitute no more than 50% of the overall commitment to the campaign (e.g. a $5,000 charitable gift annuity must be matched with a $5,000 cash commitment payable up to five years) and do require proper documentation in order to be counted toward the Mary’s Home Capital Campaign goal.
Charitable Gift Annuity: If you want to make a gift of significance now but still need the income generated by your assets, an annuity makes both possible. If you use appreciated securities to fund your annuity, you will also reduce your exposure to capital gains tax.
Rates of return vary depending on factors such as your age and whether the annuity includes a spouse. Annuity income can be deferred or directed to a third party such as a child or grandchild. Annuity donors who itemize receive a partial charitable tax deduction for the gift. Also, payments are guaranteed for the life of the annuitant(s) and a portion of the annuity income is tax-free for several years.
Irrevocable Estate Commitments: In order to honor your wishes for supporting the Mary’s Home Capital Campaign and to maximize benefit of your gifts, estate commitments made to the campaign will need to be irrevocable, or binding. Please inform of us if you are interested in making this type of gift to the campaign so we may discuss your options.