WAYS TO GIVE

Planned Giving

Bequests

A Simple Option

Bequests are revocable gifts that help you live your values today and may allow you to reduce or avoid estate taxes and meet other personal and financial goals. Bequests are gifts made through your will or living trust.

• They are: Easy to write

• Revocable—you can change the beneficiaries at any time

• Cost nothing during your lifetime—they are paid out at death

• Personal—you create a legacy and help sustain our mission for future generations

The following examples can be tailored to your interests. Please be sure to consult your attorney when planning your bequest.

  • Unrestricted Bequest

    I give (specific dollar amount; specified asset; or percentage of the rest, residue, and remainder of my estate) to The Nantucket Maria Mitchell Association - Nantucket, Massachusetts.

  • Restricted Bequest

    I give (specific dollar amount; specified asset; or percentage of the rest, residue, and remainder of my estate) to The Maria Mitchell Association - Nantucket, Massachusetts, for the following purpose:

Life Income Gifts

An Investment Opportunity

The Maria Mitchell Association also offers several planned giving opportunities that can help you achieve your charitable giving intentions while also establishing an income stream for yourself or designees. Options include:

  • Charitable Gift Annuity

    Through a charitable gift annuity, you can make a gift to the MMA and receive fixed annual payments as well as income and estate tax benefits. A gift annuity is a simple, contractual agreement between a donor and the Maria Mitchell Association in which you give assets to us in exchange for our promise to pay you a fixed sum for life.

  • Charitable Remainder Trusts

    When you create a charitable remainder trust, you give money, securities or other assets to a trust you create that will then pay you an income for life or for a period of years (not to exceed 20). If you wish, the trust also can pay an income to other beneficiaries of your choice. At the death of the final beneficiary, the remaining balance in the trust goes to the MMA.

  • Real and Personal Property

    There are several ways you can donate real estate or personal property. Each method presents distinct advantages, depending on your circumstances and goals. By giving property to the MMA, you can avoid or reduce the capital gains tax you would otherwise pay upon sale, you may be able to take a substantial income tax deduction, and you may choose to receive income for life.

  • Retirement Accounts

    Individual Retirement Accounts (IRAs), company-sponsored pensions, profit-sharing plans and other methods of saving for retirement may be appealing as sources for charitable gifts. If you are over age 59 ½ and find that you have more than adequate resources set aside for retirement, you may choose to use a portion of your retirement funds to make charitable gifts which may reduce your estate and income taxes.

  • Gift of Life Insurance Policy

    You can make the MMA the beneficiary of a life insurance policy, and your estate will receive a charitable deduction from estate taxes for that gift.

Thank you for considering to include the Maria Mitchell Association in your estate plans. By electing to do so, you invest in the future of our organization and those we serve.
REQUEST PLANNED GIVING BROCHURE

We strongly urge you to consult with your own financial and legal advisors to determine the best method of giving for you. We also ask that you consult with the MMA before you execute a will or living trust so we can understand your goals.

If you are interested in discussing any of these options, please contact Joanna Roche, at (508) 228-9198.