• Receive an estate tax charitable deduction
• Reduce the burden of taxes on your family
• Leave a lasting legacy to charity

A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Mississippi United Methodist Foundation as part of your estate plan, or you can make a bequest using a beneficiary designation form.

• Include a bequest to Mississippi United Methodist Foundation in your will or revocable trust
• Designate Mississippi United Methodist Foundation as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
• Name Mississippi United Methodist Foundation as a beneficiary of your life insurance policy

• Percentage bequest – make a gift of a percentage of your estate
• Specific bequest – make a gift of a specific dollar amount or a specific asset
• Residual bequest – make a gift from the balance or residue of your estate

1. Contact your IRA plan administrator to make a gift from your IRA to us to benefit UM ministry.
2. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
3. Please contact us if you wish for your gift to be used for a specific purpose.

• Support the causes that you care about
• Continue to use your account as long as you need to
• Simplify your planning and avoid expensive legal fees
• Reduce the burden of taxes on your family
• Receive an estate tax charitable deduction

1. To make your gift, contact the person who helps you with your account or insurance policy, such as your broker, banker or insurance agent.
2. Ask them to send you a new beneficiary designation form.
3. Complete the form, sign it and mail it back to your broker, banker or agent.
4. When you pass away, your account or insurance policy will be paid or transferred to Mississippi United Methodist Foundation for UM ministry, consistent with the beneficiary designation.

If you are interested in making a gift but are also concerned about your future needs, keep in mind that beneficiary designation gifts are among the most flexible of all charitable gifts. Even after you complete the beneficiary designation form, you can take distributions or withdrawals from your retirement, investment or bank account and continue to freely use your account. You can also change your mind at any time in the future for any reason, including if you have a loved one who needs your financial help.

• Receive income for life, for a term of up to 20 years or life plus a term of up to 20 years
• Avoid capital gains on the sale of your appreciated assets
• Receive an immediate charitable income tax deduction for the charitable portion of the trust
• Establish a future legacy gift to our organization

1. You transfer cash or assets to fund a charitable remainder unitrust.
2. In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.
3. The trust is invested to pay income to you or any other trust beneficiaries you select based on a life, lives, a term of up to 20 years or a life plus a term of up to 20 years.
4. You receive an income tax deduction in the year you transfer assets to the trust.
5. Our organization benefits from what remains in the trust after all the trust payments have been made.

• Receive fixed income for life or a term of up to 20 years
• Avoid capital gains tax on the sale of your appreciated assets
• Receive an immediate charitable income tax deduction for the charitable remainder portion of your gift to Mississippi United Methodist Foundation for UM ministry

1. You transfer cash or assets to fund a charitable remainder annuity trust.
2. In the case of a trust funded with appreciated assets, the trust will then sell the assets tax-free.
3. The trust is invested to pay fixed income to you or any other trust beneficiaries you select based on a life, lives or a term of up to 20 years.
4. You receive an income tax deduction in the year you transfer assets to the trust.
5. Your specified UM ministry benefits from what remains in the trust after all the trust payments have been made.

If you are tired of the fluctuating stock market and want to receive fixed payments, a charitable remainder annuity trust may provide you with the stability you desire. A charitable remainder annuity trust pays a fixed amount each year based on the value of the property at the time the trust is funded.

• Receive a gift or estate tax charitable deduction
• Pass inheritance on to family at a reduced or zero cost
• Establish a vehicle from which you can make annual gifts to charity

1. You make a contribution of your property to fund a trust that pays income for a UM ministry or mission for a number of years.
2. You receive a gift or estate tax deduction at the time of your gift.
3. After a period of time, your family receives the trust assets plus any additional growth in value.

• Receive cash from the sale. You can use this cash to purchase another residence, to save for retirement, to travel, to meet your daily needs or to meet some other financial goal
• Receive income from the unitrust for the rest of your life and future retirement
• Obtain an income tax deduction that may reduce your tax bill this year
• Further the work of United Methodists in Mississippi with your gift

1. You establish a charitable remainder unitrust and transfer a portion of your assets to the trust.
2. The assets are then sold. You receive cash from the sale, and the rest of the sale’s proceeds are paid to the charitable unitrust.
3. The trust will provide you with income for the rest of your life.
4. You receive a charitable deduction this year to offset your tax on the cash proceeds that you receive from the sale.

When transferring a portion of your primary residence to fund a unitrust, you may apply your one-time home exclusion to reduce or eliminate capital gains tax that would otherwise be due from the sale. Your tax advisor can assist you to determine if you should utilize this strategy.

• Avoid capital gains tax on your charitable gift
• Receive a tax deduction that will reduce your tax bill this year
• Take the cash received from the sale and reinvest it to create future income, save for retirement, buy new property or achieve other financial goals
• Help Mississippi United Methodist Foundation further our important charitable work

1. You sell Mississippi United Methodist Foundation your property for a price less than fair market value.
2. You receive cash from the sale.
3. You can take a charitable deduction for the value of your gift which is the difference between the fair market value of the property less the sale price.
4. While you may owe some tax on the sale proceeds you receive from Mississippi United Methodist Foundation, the charitable deduction from your gift could offset some, most or all of your capital gains taxes associated with the sale.

A bargain sale may be accomplished even if you have a mortgage on your property. Because relief from indebtedness can have tax implications, please consult with your tax advisor prior to completing a gift of a bargain sale.

• Use the full value of your unused retirement account to provide income to your surviving spouse and to provide income to children or other loved ones for a specified period of time
• Create an estate tax deduction and savings from the charitable gift
• Support the important work of Mississippi United Methodists

1. We can help you and your attorney with the process of creating a charitable remainder unitrust.
2. You complete an IRA or other retirement account beneficiary designation form, naming the charitable trust as the beneficiary, and return the form to the account custodian.
3. When you pass away, the custodian will transfer your retirement account to the charitable trust.
4. The trust will pay income to your spouse, children or other individual beneficiaries for their life, term of years or life plus term of years.
5. At the conclusion of the payments, the balance of the trust will be transferred to Mississippi United Methodist Foundation for UM ministry.

• Receive a federal income tax deduction for the value of the remainder interest in your home or farm
• Preserve your lifetime use and control of your home or farm
• Create a life estate based on more than one life. This will preserve the use of the property for you and a loved one, such as a spouse or dependent child

1. You deed your home or farm to Mississippi United Methodist Foundation. The deed will include a provision that gives you the right to use your home or farm for the rest of your life and that of any other life estate party named in the deed.
2. You and Mississippi United Methodist Foundation sign a maintenance, insurance and taxes (MIT) agreement to explain that you will do your best to keep the property in good condition and that you will maintain property insurance and pay the property taxes.
3. When the owners of the life estate have passed away, your home or farm will belong to Mississippi United Methodist Foundation. We will use or sell the property to further local UM ministry.