To retain flexibility, consider a gift to Presbyterian Manors of Mid-America in your will or trust. Since this gift will not become effect until after your lifetime, you are free to change your mind at any time to adapt to unforeseen circumstances.
To receive an income tax deduction and eliminate capital gains taxes, make a gift of appreciated assets that you have owned for more than one year. Your tax deduction will be for the full fair market value of the donated property up to 30 percent of your adjusted gross income and you will be exempt from paying capital gains taxes on any increase in value. We will sell the assets and use the proceeds to support Presbyterian Manors of Mid-America.
To ensure the future of Presbyterian Manors of Mid-America, make a gift of $100,000 or more to create a named endowment. PMMA will carefully invest the money and then a portion of the earnings is released each year to continue the mission. The rest of the endowment remains invested to create a lasting legacy.
To provide for your heirs, make sure their inheritances don’t carry an unnecessary tax burden. Distributions from qualified pensions and retirement plans, for example, are subject to income taxes at the beneficiary’s ordinary income tax rate. Instead, consider leaving less tax-burdened assets, such as real estate and life insurance, to your loved ones and naming Presbyterian Manors of Mid-America as the beneficiary of pensions and retirement plans. PMMA is eligible to receive the full amount of these assets and bypass any federal taxes.
To supplement your retirement income, arrange a charitable gift annuity with Presbyterian Manors of Mid-America. In addition to supporting PMMA with your gift, you will receive fixed payments for life and a partial income tax deduction in the year your gift is made.
To learn more about planned giving opportunities, contact the PMMA Development office at Development@pmma.org or call 800-336-8511.