These are non-cash gifts such as farm products, real estate, stocks, bonds or life insurance. This type of gift allows you to make a significant contribution while avoiding capital gains and other types of taxes.
This is a partial gift to Mennonite Friendship Communities, using cash or marketable security that is invested through Mennonite Foundation. You receive a tax deduction for the initial gift and income for life at a guaranteed rate. The older you are, the higher the payout rate – based on your life expectancy. At your death, Mennonite Friendship Communities receives the balance of your initial gift.
Since the distribution of your estate is the final act of stewardship, you will want to give careful thought as to how you want to distribute it. You will also want to discover ways to minimize tax implication so there is more to share with your children and the charities that have special meaning for you and to whom you would like to leave a gift.
Click HERE for a list of some of the mfc campus volunteer opportunities.