Become a Legacy Donor
Why McMillen Health?
Your legacy gift will secure health education for future generations for years to come. McMillen Health has grown from innovative leadership which has been maintained since our establishment in 1981. Your legacy gift is promised to make a lasting impact for all lives we touch through our vital health education programs, resources, and media.
We offer the education students of all ages and abilities need to navigate through life’s obstacles.
Students gain the confidence to make informed decisions for healthier futures.
Our highly skilled health educators stay current on emerging health trends and topics for relevant and thoughtful health education.
Types Of Charitable Trusts:
›› Charitable Remainder Trust
A charitable remainder trust (CRT) is established when you place assets into an irrevocable trust and name McMillen Health as trustee. The trust will invest the assets and agree to pay you, or other name beneficiaries, an income for life or a term of years. When the trust terminates, the remaining assets are used for the charitable purpose you designate.
Charitable Remainder Unitrusts (CRUTs) provide income that is a percentage of the trust’s assets revalued annually. Income will vary based on the value of the trust.
Charitable Remainder Annuity Trusts (CRATs) provide income that is a fixed annuity based on a percentage of the initial value of the trust assets. The annuity trust is most often used when a person’s goal is fixed income.
Benefits
Receive a charitable tax deduction in the year the trust is established.
Receive income for either a lifetime or term of years.
Avoid capital gains tax when highly appreciated assets are used to fund the trust.
Reach philanthropic goals by designating what the remainder will support at McMillen Health.
›› Charitable Lead Trusts
A charitable lead trust is a strategy for passing assets to your heirs. You place assets in a trust and assign the income to McMillen Health for a term of years or the lifetime of an individual. The assets remaining in the trust will pass to your named beneficiaries with few or no tax implications at the end of the term.
Benefits
Since the trust makes payments to McMillen Health, you get to see the impact of the gift during your lifetime.
Reduce your taxable estate and keep assets in the family.
Ways to Give:
›› Bequest
A bequest is the simplest and most popular type of planned gift. Bequests provide an opportunity to make a larger impact than might be possible in your lifetime. Bequests also can provide estate tax deductions and income tax savings for your heirs.
You may choose to leave a specific dollar amount, a percentage of your estate, or certain assets, such as real estate or stock, to McMillen Health.
If you choose to include McMillen Health in your estate plans, the following language is suggested:
I, _________ give, devise, and bequeath to the McMillen Health, in Fort Wayne, Indiana, ________ percent of all the rest, residual and remainder of my estate (or _________ dollars, property, securities, etc. described below) where so ever located to be used for the benefit of McMillen Health in such manner as the Executive Director thereof may direct.
Note: More specifics about the use of the funds can also be included with input from the Executive Director. A named endowment can be a creative and rewarding process and allows your name and gift to McMillen Health to live in perpetuity. Named endowments are also an excellent way to honor a friend or loved one. You can have a meaningful impact on programs throughout the organization by tailoring your gift to a particular area of interest, such as a college, or school, or academic unit. Endowments can be funded during your lifetime or through your estate. Once fully funded, your named endowment will pay out a percentage of the principal amount on an annual basis and each year thereafter. We would be honored to discuss our minimum endowment requirements with you and assist with a gift that is meaningful to you.
›› Charitable Gift Annuities
A charitable gift annuity (CGA) is established when McMillen Health and the donor(s) enter into agreement under which McMillen Health agrees to pay the donor(s) a fixed income for life in exchange for a gift of cash, securities or approved real estate. A CGA can be set up for one life or two. It can begin to pay immediately, or payments can be deferred. The number of annuitants, age and payment schedule are all factors that determine the rate of payment. Because parts of these payments are considered a return of principal, a portion of the income is tax-free.
Benefits
Annuitant receives guaranteed income for life.
Receive a tax deduction for a portion of the value of the gift.
Enjoy partially tax-free payments.
Spread the capital gains tax burden over the course of years if funded with appreciated property.
Reach philanthropic goals by designating what the remainder will support at McMillen Health.
