Legacy Giving Options
MALT welcomes legacy gifts of any size. Below are a list of charitable options to consider when making your estate plan. We also encourage you to protect yourself and those you love by having an up-to-date estate plan. View our short informational video briefings on a variety of basic estate planning topics.
Bequest in Will or Living TrusT
Easy to arrange and the bequest remains in your control: You can change your mind at any time and you can structure the bequest to leave a specific item/amount or leave a percentage of your estate to MALT or even make the gift contingent on certain events. In addition, your bequest is also entitled to an estate tax charitable deduction for the gift's full value. All that is needed is a few sentences in your will or trust.
Allows you to direct assets tax-free to MALT: Most IRAs are income tax–deferred meaning that income tax is not paid until the funds are distributed to you in life, or upon your death. This taxation makes retirement assets among the most costly assets to distribute to your loved ones. However, the naming of a nonprofit such as MALT as the beneficiary of retirement assets upon death generates no income taxes. MALT is tax-exempt and eligible to receive the full amount and bypass any income taxes. Just a few simple steps can help you make a tax-wise planned gift from your IRA.
Life Insurance Designation
Simple, flexible and minimal paperwork: Life insurance is a popular method of providing funds to beneficiaries at your death that are almost always income tax–free to the beneficiary. The beneficiary designation in your life insurance policy determines where the proceeds will be distributed and the proceeds, therefore, are not typically transferred through your will. Life insurance can easily be distributed to a nonprofit such as MALT, if we are named as a beneficiary of the policy at the time of your death.
Charitable Gift Annuity
Receive fixed, predictable payments for the rest of your life, an immediate income tax deduction, and the satisfaction of making a generous gift to MALT. This popular charitable life-payment plan is best illustrated with an example: Helen Quilter, age 75, funds a $10,000 charitable gift annuity contract to benefit MALT. Her annuity payment is 5.8% of her gift, giving her an annual, predictable payments for life of $580. $476 of her payment is tax-free for twelve years. She also receives an immediate income tax deduction of $4,102. Upon her death, what remains in her account passes to MALT. The following are some single life annuity rates (as of 1/1/12; rates differ for two-life annuities):
Charitable Remainder Trust
Bypass the capital gain tax on the sale of appreciated real estate and stock, receive payments for life, and enjoy an immediate income tax deduction and the satisfaction of making a generous gift to MALT. For example, Tom and Mary Smith, tired of being landlords, want to sell the rental property they bought for $50,000 many years ago. Knowing that the property will now sell for $500,000, and being enthusiastic MALT supporters, they transfer the property to a charitable remainder trust. They sell the property, bypassing the tax that would be due on the $450,000 capital gain, receive payments for life from their charitable trust, and enjoy an immediate and sizeable income tax deduction. Upon the death of the surviving spouse, what remains in the trust will go to MALT.
Charitable LEAD Trust
Provide a flow of gifts to MALT during your lifetime and pass a generous tax-free inheritance to your heirs upon your death. For donors with assets they think likely to grow in value—such as real estate or stocks—and who want to support MALT now, charitable lead trusts are an excellent option. You transfer those assets to a lead trust, which makes payments to MALT a fixed number of years, which you choose. The longer the term of years, the greater the gift tax savings for you. When the term is up, the remaining trust assets go to your family or other beneficiaries you select free of estate tax. Lead trusts provide a great way to transfer property to your children and grandchildren free of estate tax.
Gift of Personal Residence or Farm
Making a gift of real estate can reduce your taxes, ease the demands of owning property, and even provide you and your family with lifetime income. MALT accepts two types of real estate gifts, both of which support our work to protect Marin County farmland: agricultural land intended for conservation and properties intended for sale. You may make an outright gift of the property, give MALT a remainder interest (which allows you or your family to occupy the property during your lifetime) or establish a charitable remainder trust with the real estate.
MALT's tax ID#: 94-2689383