| Institutional
Services
Planned Giving can be a significant
source of donations to a nonprofit organization.
A skillful application of the relevant tax laws to
the donor’s present and future economic needs
can result in greater economic benefits for both the
donor and the organization. Frequently, the
appropriate planned giving vehicle involves an ongoing
relationship with the donor over a period of years
and often for the life of the donor. This relationship
requires continuing administrative and investment
services. For all but the largest planned giving
programs, the most cost effective way to provide high
quality investment management and administrative services
is to obtain outside services. More importantly,
professional trust and investment management services
add credibility to the program and assure the donor
that your organization recognizes the donor’s
needs and desires to support those needs.
Mission is uniquely suited to the
task of providing these services to nonprofit organizations.
As a trust company, Mission’s primary business
is to provide both administrative and investment services
for a wide variety of trusts. For example,
our accounting systems allow us to perform the detailed
recordkeeping required for each donor’s gift,
while still allowing the assets to be invested as
a combined asset base. Further, Mission works
extensively with nonprofit organizations and is familiar
with the special challenges these entities face.
Some of the planned giving vehicles
that Mission can assist with include:
Pooled Income Fund:
Mission can help your organization establish a pooled
income fund and will provide trust, investment management
and administrative services for the fund. Nonprofits
that have pooled income funds available may save the
donor the expense of preparing and administering other
trusts. This makes it very attractive when
the donor is contemplating a modest gift. Mission
will distribute the income to your donors pursuant
to the terms of the trust and will provide the appropriate
tax reporting forms. Once the fund is established,
your organization need only provide us with basic
information about the donor and the amount of the
contribution and we do the rest. Mission can
also assist with your marketing effort by providing
complete, user-friendly investment performance reports
for the fund.
Charitable Gift Annuity:
Although not required, nonprofits generally establish
a fund for the purpose of satisfying their annuity
obligations. Mission can provide expert investment
management of the fund along with complete administrative
services. Mission will pay the annuitants pursuant
to the contract, will distribute appropriate IRS reporting
forms and will provide the nonprofit with a complete
report of its activities. Like a pooled income
fund, the availability of a gift annuity from a nonprofit
can save the donor the cost of individually drafted
charitable trusts.
Charitable Remainder and Charitable
Lead Trusts: Often both the income
beneficiary and the remainderman of these trusts (the
donor and the nonprofit) are more comfortable with
a third party trustee who can equitably balance these
two competing interests. With Mission as trustee,
both the donor and the charity can be assured of unbiased,
expert investment management and professional trust
administrative services. Mission has the administrative,
legal and investment expertise to provide these services
so that your organization can concentrate its efforts
on its primary mission.
Individual
Services
At Mission, we believe collectively
and individually in the importance and power of philanthropy.
We believe that those of us who have been fortunate
in our financial well being have an incredible opportunity
to invest our resources in ways that make a difference.
As part of your estate planning, you
might be in a position to make a difference for generations
to come. Perhaps a local charity has found a
special place in your life because of services it
provided to your family. Perhaps you attribute
much of your success to the quality education provided
by your alma mater. Perhaps you have been involved
with a particular organization that has enriched your
life in special ways. Or perhaps you simply
wish to "give back" to the community where
your wealth had initially been generated. Whatever
the reason, if you have an interest in promoting the
long term well being of any charitable organization,
one of the best ways to made a difference is to assist
the organization through planned giving.
If you already have some specific ideas
in mind, Mission will work closely with you, your
tax advisor and your legal advisor to develop a plan
that aligns well with your charitable goals and your
financial goals. Numerous methods exist to structure
planned giving arrangements in ways that protect you
and your beneficiaries financially and have positive
impact on your charitable causes. We'll help
to simplify and demystify the technical options available
so you can focus on results.
If you would like to make a difference
but are not sure where to start, begin by thinking
about these questions:
-
What are your values? What
have been the principles that have guided how
you have lived your life, raised your family,
and run your business?
-
What charitable interests have you
pursued as an outgrowth of your values?
-
What core values would you like
to express through your giving?
-
What would you like to accomplish
with your giving? What do you think is possible?
By answering these and other questions,
you and your advisors will find it easier to sort
out the structure and focus of an enhanced giving
effort.
Mission will be in a better position
to tailor our approach to your background and needs.
We will develop and deliver information and resources
that can support your philanthropic priorities.
Planned Giving Strategies
-- Below are two common strategies that can effectively
be used to accomplish many of your objectives.
-
Charitable
Remainder Trust -- This is a flexible
trust that often is used to tap the full value
of highly appreciated assets. Assets may
be donated to the trust and then sold without
a capital gains tax. The donor receives
income from the trust for his or her life, or
for a period of years. Depending on the
type of trust and the funding vehicle, the trustee
may control when that income is received.
The donor may receive an income tax deduction,
and the asset is distributed to a specified charity
at the end of the income period or at the death
of the donor.
-
Charitable
Lead Trust -- This is the opposite
of the Charitable Remainder Trust. Assets
are donated to the trust and a named charity receives
the income for a specified number of years.
At the end of the period, the assets, along with
any appreciation, are transferred to beneficiaries.
Appreciation while the asset is in the
trust is not subject to gift or estate
tax.
- Electronic mail
- General Information:
info@missiontrust.com
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