Planned gifts can provide increased income and valuable tax savings to you, while at the same time allowing you to make a significant commitment to the future of the Maison Fortuné Orphanage. Planned giving options include bequests, trusts and life-income gifts.
Remembering the Maison Fortuné Orphanage Foundation Inc. in your will is a special and effective way to ensure that the mission and ministry of the orphanage continue as part of your legacy. You may designate the Foundation’s Endowment Fund to receive a bequest of a specific dollar amount, a percentage of your estate, or specific assets such as stock securities or real estate.
Your bequest can also be designated for a specific purpose other than the Endowment Fund. Choices include the operating budget, scholarships for secondary or post-secondary education of our children, the capital budget for construction and special projects, and more. When you rewrite your will or add a codicil, please consider a charitable bequest.
Ask your attorney to include this suggested language:
“I give, devise or bequeath to the Maison Fortuné Orphanage Foundation, Inc., a non-profit 501(c)(3) corporation in the Commonwealth of Virginia, [insert here a percentage of my estate, an amount in dollars, or property such as securities or real estate] for its Endowment Fund [or] for the following purpose _________________.”
You can make such gifts by mail or through a broker. For tax purposes, the value of the gift is recorded as the average mean on the postmark date. If transferred by a broker, the gift’s value is determined by the date of transfer into the Maison Fortuné Orphanage Foundation’s account.
Life Income Gifts
With a life income gift, you assign cash, securities or other assets irrevocably to the Maison Fortuné Orphanage Foundation. They are then invested to pay a lifetime percentage or fixed amount to you, to succeeding beneficiaries, or to whomever you designate. Income is paid monthly, quarterly, semi-annually or annually. Upon the death of the last surviving beneficiary, the Maison Fortuné Orphanage Foundation, Inc. may use the assets as needed, or for a specific purpose that you have designated.
Gifts of valuable art works, antiques, or jewelry can be a valuable source of support for the work of the Foundation.
You can offer real estate as an immediate gift or to fund a trust.
By naming the Maison Fortuné Orphanage Foundation as the beneficiary of an existing life insurance policy, you can provide a significant source of support for the orphanage.
For more information about Planned Giving, please contact us.