Charitable Bequest
Remembering the CMA Foundation in your will, living trust,
or other estate plans is an easy way to leave your legacy.
Life Insurance
Like a Charitable Bequest, naming CMA Foundation as the
beneficiary of a life insurance policy is a simple way to
support the Foundation and also, possibly reduce your estate
tax. Naming the Foundation as the owner and beneficiary
may also create current income tax benefits for the donor.
Real Property
An outright gift of real estate can provide significant
benefit to the donor, while also helping the Foundation
to fund its current programs and services. Capital gains
tax savings, income tax savings and simplicity are benefits
to the donor when property is accepted by the Foundation.
Life Estate Agreement
Not sure what you want to do with your personal residence,
vacation property or farm at your passing? You can receive
a sizeable current income tax deduction by gifting it to
the Foundation now and retaining full use in the property
for your lifetime that's a Life Estate Agreement.
Charitable Gift Annuity
Donors at or near retirement age who are looking for a guaranteed
fixed income for life and want to do something significant
through the CMA Foundation can benefit from establishing
a Charitable Gift Annuity. A generous current income tax
deduction, fixed payments that start when you want and partially
tax-free income are all highlights of this powerful retirement
income and estate planning tool. And, the guaranteed payments
are not subject to the IRS limitations imposed upon "qualified"
retirement plans. CMA Foundation benefits from the residual
remaining at the passing of the income beneficiary.
Charitable Remainder Trust
Typically funded with appreciated stocks or real estate,
a Charitable Remainder Trust provides donors, who want to
leave a significant legacy, with tremendous flexibility
to meet their personal tax, retirement, estate planning
and philanthropic goals. Trusts can be established to pay
either a fixed income or a variable income for the donor's
(or other income beneficiary's) life or a term of up to
20 years. As a tax-exempt trust, assets gifted to the trust
create a current income tax deduction for the donor and
when sold, are not subject to the capital gains tax. When
the trust terminates, the CMA Foundation receives the "charitable
remainder" in the trust to use pursuant to the donor's
wishes.
Charitable Lead Trust
Donors gifting assets to a Charitable Lead Trust receive
significant income tax deductions, while the CMA Foundation
receives income from the trust for a term of up to 20 years.
At the termination of the trust, the assets can pass back
to the donors or pass to their heirs as part of their overall
estate plan.
Endowment Fund
Current and deferred gifts to the General Endowment Fund
help the CMA Foundation achieve its mission of making a
difference in the community. A gift to a Named Endowment
Fund is a tremendous way to honor or memorialize someone
important to you.
Donor Advised Funds
Donor Advised Funds make a great way to involve family in
the philanthropic process while assisting CMA Foundation
in its mission. And again, it's a great way to honor or
memorialize a family, loved one or other significant individual
in your life.
