Planned Gifts - Keep MGF of Illinois going for decades

Planned gifts help ensure the long term sustainability of MGF of Illinois and have a positive impact in the lives of MG patients, their families and friends for years and decades to come. Different types of planned gifts can:

• Fulfill your wish to leave a legacy to a worthy cause
• Give you a tax advantage through deductions
• Allow you to avoid capital gains taxes
• Reduce or eliminate estate taxes

Planned gifts often require the assistance of a professional financial or legal advisor.

Please consider a planned gift to MGF of Illinois. If you would like to know more, please call the office.

Cash - This is the most straightforward asset you can donate to MGF of Illinois. Cash gifts are entirely deductible in the year in which they’re given, up to 50% of your adjusted gross income. Cash gifts to MGF of Illinois can be invested or used immediately depending on need.

Securities - If you have owned stock or other publicly traded securities for more than a year, there can be significant tax advantages to transfer the securities to MGF of Illinois. The value of the gift to MGF of Illinois is the same as the fair market value of the stock, but you do not have to pay any capital gains tax on the difference between the original worth of the stock compared to the current worth. You can deduct the full current value of the securities on your income tax as a charitable tax deduction.

Bequests - Many of us wish we could do more for MGF of Illinois during the course of our lifetime. You can insure that wish is carried out by naming MGF of Illinois  in your will. You can designate a specific amount for MGF of Illinois or a percentage of the remainder of the estate after taking care of family and friends. The gift is invaluable to us, and it helps your beneficiaries decrease the amount of federal estate tax.

Real Estate & Other Assets - A home, vacant lot, or farm, for example — that has increased in value and is not mortgaged can be simply gifted to MGF of Illinois. You do not have to pay any capital gains tax on the increased (current) value of the property from its original purchase price. You can deduct the full fair market value of the property on your income tax as a charitable tax deduction.

There is a wide assortment of planned gift vehicles beyond what we mention here, such as life insurance, retirement plan assets, annuities, etc. And, there are many ways to prepare and design planned gifts. Your own tax advisor or attorney can guide you through the process, specific to your assets, circumstances and charitable goals. MGF of Illinois is happy to consult with you or your advisor. Just give us a call.