Leaving a Legacy

Bequests: You can leave a legacy for family, friends and charitable organizations by making a bequest in your will. A bequest is one of the simplest ways to remember those you care about.

Charitable Gift Annuity: The first charitable gift annuity dates back to 1843 when a merchant in Boston donated money to the American Bible Society in exchange for an income stream. Today, this kind of gift is popular because the older you are the greater the income stream. There are also significant tax benefits for donors. To receive a charitable gift annuity illustration personalized for you, please call or email Mari Carlson, Director of Development, 612.821.3150, mcarlson@mtolivethomes.org .

Charitable Trusts: There are a variety of charitable trusts you can make through your estate. There are numerous benefits to the donor including possibly increasing your income and tax advantages. Charitable trusts can also help you provide an inheritance for your loved ones.

Beneficiary Designation: It is simple to make Mount Olivet Church, Mount Olivet Day Services, Mount Olivet Home, Mount Olivet Rolling Acres, Mount Olivet Conference and Retreat Center,  Mount Olivet Cathedral of the Pines, Mount Olivet Careview Home or Mount Olivet  Endowment a beneficiary of an IRA account or other retirement plan. Since these assets have never been taxed, they make ideal gifts to give to nonprofit organizations. Contact your retirement plan administrator and request the appropriate form.

Retained Life Estate: You can donate your home, one of your most valued possessions, while you are still living in it, even if you want your spouse or other survivor to live in the home for their lifetime.

For more information, call or email Mari Carlson, Director of Development, 612.821.3150, mcarlson@mtolivethomes.org.

 

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