You can continue to change lives and improve health and wellness long after your lifetime, creating a legacy of support for MAHHC and those we serve.
Endowments
You can continue to change lives and improve health and wellness long after your lifetime, creating a legacy of support for MAHHC and those we serve.
How it works:
- You give cash, securities, or other assets to an existing endowment or an endowment you create at MAHHC. If you can't give up assets today, consider making the gift in your will or other estate plan, specifying that you would like your gift to fund an endowment.
- You determine if your endowment will support a specific program or service, or provide unrestricted funds, allowing our Board of Trustees to direct the funds to the most critical needs.
- Each year, we use a portion of the interest earned by the fund, usually about 4%, to support our mission. However, the balance always remains invested in order to perpetuate the fund.
IRA Charitable Rollover (Qualified Charitable Distribution)
If you are 70½ years old or older, you can give up to $100,000 from your IRA directly to MAHHC without having to pay income taxes on the money. Direct rollovers to MAHHC can be made only from an IRA. Under certain circumstances, however, you may be able to roll assets from a pension, profit-sharing, 401(k), or 403(b) plan into an IRA, and then make the transfer from the IRA to MAHHC. To determine if a rollover to an IRA is available for your plan, speak with your plan administrator. If you have a spouse (as defined by the IRS) who is 70½ or older and has an IRA, he or she can also give up to $100,000 from his or her IRA.
Why consider this gift?
- If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
- You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
- Your gift will be put to use today, allowing you to see the differences your donation is making.
Gifts of appreciated stock
If you own stock that has appreciated in value and have owned it for more than one year, you can transfer ownership to MAHHC and avoid capital gains tax. You can also still deduct the full fair-market value of the stock from your income taxes, to the extent allowed by law. In other words, you can receive a tax break for the appreciation on which you never pay taxes—and it’s easy to do!