A simple form of planned giving is to remember Mercy House in your will. The bequest can be specified as a fixed amount, as a percentage of your estate, as the residual, or as specific items.
Retirement Plans and Life Insurance
You can maximize the impact of your retirement funds and/or Life Insurance Policy — when you name Mercy House as your beneficiary. Because retirement funds directed to heirs are often subject to a high level of both federal and state income and estate taxes, heirs can receive as little as 30 cents on the dollar. But when you donate your retirement plan to a nonprofit, your assets escape taxation and Mercy House receives 100 cents on the dollar. With this enormous tax differential, it often makes better financial sense to leave other assets to your heirs.
This type of gift is easy to make and can be done at no cost. Simply obtain a designated beneficiary form from your retirement plan administrator and name “Mercy House Living Centers” as one of your beneficiaries.
Charitable Gift Annuities and Charitable Trusts
Charitable gift annuities allow an individual to retain income from lifetime assets given, while the principal goes to charity. This is a wonderful way for a donor to gain an annual income and generate a tax-deductible gift for Mercy House.
If you are interested in naming Mercy House as a beneficiary in your will, bequest, trust or an estate planning instrument, your financial advisory or attorney will find the following information valuable:
Mercy House Living Centers
PO Box 1905
Santa Ana, CA 92702
We are a 501(c)(3) organization incorporated in the state of California. Our tax identification number is 33-0315864.
Mercy House has a network of supporters who have experience across a range of charitable giving techniques. They are available to provide guidance and charitable gift planning support. If you have any questions or would like more detailed information about this process, please contact Kara Nguyen, Development Director, at firstname.lastname@example.org or (714) 836-7188 x124.