Planned Giving
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.
Bequests remembering the Maison Fortuné Orphanage Foundation Inc. in your will are a special and effective way to ensure that the mission and ministry of the orphanage continue into the future. 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 be designated for a specific purpose other than the Endowment Fund, for example, the operating budget, scholarships for secondary or post-secondary children, the capital budget for the construction of needed buildings, and so forth.
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 _________________."
- Securities
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. - Personal Property
Gifts of valuable art works, antiques, or jewelry can be a valuable source of support for the work of the Foundation. - Real Estate
You can offer real estate as an immediate gift or to fund a trust. - Life Insurance
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: Richard Costello, Chair of the Foundation’s Development & Marketing Committee, at plannedgiving@mfofoundation.org, or call 410-646-6775.