Bequests, Planned Giving, Matching Gifts

For some persons, it may be both practical and economically beneficial to consider making a gift to MC3 during their lifetime through estate planning mechanisms such as annuities, charitable trusts, life insurance, etc. For example, a person may own a stock with a large capital gain that pays a low dividend. The individual may want more income, but is reluctant to sell the stock and pay a large capital gains tax. In general terms, it is possible to donate the stock to MC3 and have MC3 sell the security without tax as a tax-exempt organization. MC3 can then reinvest the proceeds for the benefit of the donor during the donor’s lifetime and generate significantly more income. In addition, the donor will receive an immediate tax deduction for the charitable donation based upon age. The same mechanisms can be used for other appreciated assets generating little income such as land, art, etc.