Menno Haven established its Benevolent Fund to provide a secure future for the organization’s residents and team members. It is structured so that a portion of the principle is released for use each year, allowing charitable donations to the fund to have a greater impact over time. According to the Population Reference Bureau’s report “Aging in the United States”, the number of Americans age 65 and older is projected to more than double from 46 million to over 98 million by the year 2060. In order to respond to the needs of our future residents, growing our Benevolent Fund is crucial. This fund will be built through cash gifts, multi-year pledges, resident refundable deposits, and other gifts made to Menno Haven through estates, wills, and IRAs. A larger Benevolent Fund will expand Menno Haven’s ability to provide

• Additional care and security for current and future residents who experience unexpected financial challenges late in life
• Ministry programs and the resources to sustain those programs
• New resident life enrichment activities and art programs
• Outdoor amenities and programs for our residents
• Educational programs for our team members
• Upgraded technology and systems, as well as other operational requirements to improve the lives of our residents and make our team more efficient

A Multi-Year Pledge

Donor(s) may choose to make their campaign gifts payable over a period of up to five years with the completion of a written pledge form.

A Gift of Securities

Menno Haven supporters may own stocks, bonds, or mutual funds that have appreciated beyond their original cost and may consider making their campaign gift with these appreciated securities. Often, such a gift represents a tax efficient way to support Menno Haven.

An IRA Charitable Rollover

Donors age 70½ years or older may consider making a direct transfer from their IRA accounts to Menno Haven. The basic details and restrictions for taking advantage of this tax-wise giving opportunity are as follows:

  • You must be 70½ or older when you make your gift, and the gift must be made from an IRA – no other retirement plans (such as 401k, 403b or SEP accounts) qualify.
  • Your gift must come to Menno Haven outright – it cannot be used to establish a life-income arrangement or support a donor-advised fund.
  • Although the distribution will be free from income tax, it will not generate an income tax charitable deduction, nor will you report the income.
  • You are permitted to donate up to $100,000 annually.
  • This giving option may be of particular benefit for those who do not itemize deductions.

A Planned GIft

In addition to current gifts, planned estate gifts are very important to the future of Menno Haven. There are a number of options for creating a planned gift either currently or through your estate, including charitable gift annuities, charitable remainder trusts, outright bequests, naming Menno Haven as a beneficiary in your retirement plan, and gifts of life insurance. New and increased planned gifts are an excellent way to augment your current gift to Menno Haven. 

A Gift of Real Estate, Art or Jewelry

Under certain circumstances, Menno Haven may accept gifts of real estate or other property.

Resident Refundable Deposit (For Menno Haven’s Independent Living Residents)

Gifting the refundable deposit portion of the entrance fee to Menno Haven is an option for Menno Haven’s independent living residents (Independent Living residents may refer to their Entrance Agreement for information regarding this loan). Donations of the entire loan, or a portion, are acceptable. The amount of the interest-free loan that is donated is eligible for a tax deduction.

Will my gift to Menno Haven be tax deductible?

Yes. Menno Haven is a tax-exempt 501(c)3 organization. Gifts made to Menno Haven are tax exempt to the fullest extent of the law. We suggest that you contact your financial advisor for the most “tax-wise” way to make your gift.

How will the Benevolent Fund benefit Menno Haven and its current and future residents?

A growing and robust endowment fund will generate important annual income that can be used to help provide benevolent care for those who experience unexpected financial challenges, and will help sustain programs, projects and technological advances in perpetuity. Many supporters will choose to make a gift to Menno Haven’s endowment fund with a new or increased planned (estate) gift.

Over how many years may I pay my pledge?

Menno Haven is offering pledge payments for a period of one to five years, if requested. Because of the tremendous importance of annual giving, Menno Haven asks that gifts be made “over and above” what is ordinarily gifted to the Menno Haven community on an annual basis.

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