Planned - MAHOVA

Planned Gifts

Planned gifts, also known as legacy gifts, are the result of financial planning often involving a future estate. These gifts include bequests in wills, trusts, life insurance, personal property, and annuities. Planned gifts allow you to manage your estate more efficiently while offering you the opportunity to provide for a beneficiary, give to a charitable cause and could provide retained income for life, all at the same time.

One of the most popular planned gifts our donors choose is a bequest in their will or living trust. This is an easy way to ensure your assets, even if only one home, are cared for in the manner of your choosing, after your death.

Considering a Gift Plan*

*This chart is for illustrative purposes only and should not be considered financial or legal advice. Always consult your tax advisor and attorney before making a decision.

As a general guide…

If you want a certain fixed income, consider plans 5 & 6.
If you want no income, consider plans 1, 2, 3, 4, & 8.
If you want variable income (according to current economy), consider plan 7.

1

Gift Type: Bequest in Will

Income to Donor: None

Payment of Income: None

Taxation of Income: None

Benefit to Donor: Provides estate distributions as desired. Avoids estate & inheritance taxes.

Value to MAVHOA: Benefit payable to MAHOVA.

2

Gift Type: Life Insurance

Income to Donor: None

Payment of Income: None

Taxation of Income: None

Benefit to Donor: Tax deduction on premiums paid, dividends assigned. Avoids probate & estate taxes.

Value to MAVHOA: Benefit payable to MAHOVA.

3

Gift Type: Retirement Plan

Income to Donor: None

Payment of Income: None

Taxation of Income: None

Benefit to Donor: Avoids estate & inheritance taxes. Avoids income tax.

Value to MAVHOA: Proceeds payable to MAHOVA.

4

Gift Type: Appreciated Property

Income to Donor: None

Payment of Income: None

Taxation of Income: None

Benefit to Donor: Tax deductible on value of gift. Avoids all capital gains tax.

Value to MAVHOA: Immediate receipt of property, e.g. stocks & other securities.

5

Gift Type: Charitable Gift Annuity

Income to Donor: Fixed percent based on actuarial tables

Payment of Income: Quarterly

Taxation of Income: Small portion of income reportable

Benefit to Donor: Initial tax deduction on gift portion. Substantial tax exemptions on income payments. Reduced capital gains tax. Guaranteed retirement income.

Value to MAVHOA: MAHOVA receives principal at death.

6

Gift Type: Charitable Remainder Annuity Trust

Income to Donor: Fixed income based on initial value of trust

Payment of Income: Quarterly

Taxation of Income: Income & capital gains reportable

Benefit to Donor: Initial tax deduction on gift portion. Deferred or spread out capital gains tax. Avoids probate & estate taxes.

Value to MAVHOA: MAHOVA receives principal at death.

7

Gift Type: Charitable Remainder Trust

Income to Donor: Variable income based on annual value of trust

Payment of Income: Quarterly

Taxation of Income: Income & capital gains reportable

Benefit to Donor: Initial tax deduction on gift portion. Deferred of spread out capital gains tax. Avoids probate & estate taxes.

Value to MAVHOA: MAHOVA receives principal at death.

8

Gift Type: Charitable Lead Trust

Income to Donor: None

Payment of Income: None

Taxation of Income: None

Benefit to Donor: Annual tax deductions on income to MAHOVA. Reduction in gift & estate tax. Principal to donor’s heirs at end of trust term.

Value to MAVHOA: MAHOVA receives annual income for duration of trust.

	Gift Type	Income to Donor	Payment of Income	Taxation of Income	Benefit to Donor	Value to MAHOVA
1	Bequest in Will	None	None	None	Provides estate distributions as desired. Avoids estate & inheritance taxes.	Benefit payable to MAHOVA.
2	Life Insurance	None	None	None	Tax deduction on premiums paid, dividends assigned. Avoids probate & estate taxes.	Benefit payable to MAHOVA.
3	Retirement Plan	None	None	None	Avoids estate & inheritance taxes. Avoids income tax.	Proceeds payable to MAHOVA.
4	Appreciated Property	None	None	None	Tax deductible on value of gift. Avoids all capital gains tax.	Immediate receipt of property, e.g. stocks & other securities.
5	Charitable Gift Annuity	Fixed percent based on actuarial tables	Quarterly	Small portion of income reportable	Initial tax deduction on gift portion. Substantial tax exemptions on income payments. Reduced capital gains tax. Guaranteed retirement income.	MAHOVA receives principal at death.
6	Charitable Remainder Annuity Trust	Fixed income based on initial value of trust	Quarterly	Income & capital gains reportable	Initial tax deduction on gift portion. Deferred or spread out capital gains tax. Avoids probate & estate taxes.	MAHOVA receives principal at death.
7	Charitable Remainder Trust	Variable income based on annual value of trust	Quarterly	Income & capital gains reportable	Initial tax deduction on gift portion. Deferred of spread out capital gains tax. Avoids probate & estate taxes.	MAHOVA receives principal at death.
8	Charitable Lead Trust	None	None	None	Annual tax deductions on income to MAHOVA. Reduction in gift & estate tax. Principal to donor’s heirs at end of trust term.	MAHOVA receives annual income for duration of trust.

*This chart is for illustrative purposes only and should not be considered financial or legal advice. Always consult your tax advisor and attorney before making a decision.

Giving Opportunities

Cash Gifts

Planned Gifts

IRA Gifts

Real Estate & Stock Donations

For more information about MAHOVA, our historic mission, and the most tax advantaged ways you can support the Evergreen Campaign, contact Allen Watts, Associate Director of Development, by email at awatts@mahova.com or by phone at (804) 910-5143.

MAHOVA is a 501(c)(3) charitable organization, EIN - 54-0541802. Your gift is tax deductible as allowed by federal law.

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