Gifts That Anyone Can Afford
Support Menno Haven without affecting your lifestyle or your security
1. A Gift of Stocks, Bonds or Mutual Fund Shares
– Transfer your shares to Menno Haven and when your stock is sold you will receive an immediate income tax deduction for their fair market value (on the date of the transfer) and pay no capital gains tax on the transfer..
2. A Gift from your Will or Trust
– Make a bequest in your will or trust unrestricted or direct it to a specific purpose. Your gift can be designated as a specific amount or as a percentage of your estate or trust.
3. A Gift from your Retirement Plan
– Name Menno Haves as a beneficiary of your IRA, 401(k), or other qualified retirement plan.
4. A Gift of a Life Insurance Policy
– Transfer ownership of a paid-up life insurance policy to Menno Haven and receive an income tax deduction equal to the cash surrender value of the policy.
5. A Gift of Real Estate
– Deed your home or other property to Menno Haven and receive an income tax deduction for the fair market value of the real estate and pay no capital gains tax on the transfer.
6. A Gift of Personal Property
– Transfer a valuable to Menno Haven to display or sell. You will receive an income tax deduction for the appraised value of your gift and you won’t pay capital gains tax, as long as the gift furthers Menno Haven’s mission.
Gifts that Provide Income to You
1. A Charitable Gift Annuity
– Transfer a minimum of $5,000 in cash or securities to Menno Haven and Menno Haven will pay you, your spouse, or two beneficiaries (at least 55 years of age) a fixed payment for life. The remaining balance passes to Menno Haven when the contract ends.
2. A Deferred Gift Annuity
– Works similar to a Charitable Gift Annuity, but is created for a younger donor. Payments are deferred until a specified date in the future, such as when you retire. Deferral of payments permits a higher annuity rate and typically generates a larger charitable contribution.
3. A Charitable Remainder Unitrust
– Transfer a minimum of $100,000 in cash, securities or appreciated property into a trust. The trust pays a percentage of the value of its principle, which is valued annually, to you or your beneficiaries. When the trust terminates, the remainder passes to Menno Haven to be used as you have directed.