The VMRC Visionary Society
Ways to become a Visionary:
Bequest: Remember VMRC in your will with a bequest. Consult your attorney to include a simple codicil for minimum expense. Bequests can be for a specific amount, a percentage of your estate, or the residuum of what is left after all of the other items in you will have been taken care of by your executor. A bequest is often the largest gift a donor can make to charity since he/she not longer needs the resources to pay expenses.
Charitable Gift Annuity: Establish a gift annuity with VMRC named as the charity of choice. The minimum investment for this type of gift is $5,000.
Charitable Remainder Trust: Establish a CRT and name VMRC as a charity of choice. Trusts are generally established in amounts in excess of $100,000, although the Mennonite Foundation will manage a smaller trust.
Life Insurance: Make VMRC a beneficiary of a life insurance policy. You can also gift an insurance policy to VMRC with VMRC as the owner.
Retirement Plan: Make VMRC a beneficiary of your IRA, 401(k), 403(b), SEP, Keogh, or other qualified retirement plan. This has a number of advantages:
- It does not cost anything to make this change. The administrator of your plan can give you a one-page form to make this change.
- It is revocable.
- It reserves all of the assets for your use if you need them.
- It can save taxes for you and your estate.
- It can make more money in your estate available to your family and friends.
Savings Bonds: These can be endorsed or assigned so that the charity can received these at your death without paying the taxes on the income.
Other vehicles: These are others ways to give a deferred gift to VMRC. These normally are used when the assets are larger and there are special circumstances. VMRC can help guide you and work with you and your professional advisor to develop these plans.
Click here to explore some planning tools for charitable giving.
