IRA Charitable Rollover - If you are age 70 1/2 or older, making direct charitable gifts from your IRA, up to $100,000, is often the best way to give. It is easy to do! Simply contact your IRA custodian to initiate the process. In addition, IRA charitable rollover gifts are not reportable as taxable income.
(Bonus: Naming Midwest Mission as a beneficiary is also a smart way to give in the future.)
Appreciated Assets - Gifts of appreciated assets such as securities or real estate have several benefits: receive an income tax deduction based on the asset's fair market value; avoid federal and state capital gains taxes; and avoid Affordable Care Act Medicare tax. Specific stock wire transfer instructions to Midwest Mission make this gift easy to impact your community today.
Charitable Life Income Plans - If you own low-yielding assets and are seeking a higher, secure income, a charitable life income gift such as a charitable gift annuity or charitable remainder trust may be worth exploring. In exchange for your charitable gift of cash or appreciated securities, you can reap multiple benefits: payments for life, current income tax deduction; bypass all or a portion of capital gains and enjoy increased financial security.
Life Insurance Gifts - Making a gift to Midwest Mission of your old, unneeded or obsolete life insurance policy can provide you a charitable income tax deduction, reduce taxable estate and preserve cash savings.
Gift in Will - For even more impact, consider complementing your year-end gift today with a future gift in your will or estate plan. You benefit by seeing your gift in action, while also knowing you are building a legacy that will grow. Your gift can establish an endowment, a charitable remainder trust benefiting a family member or impact the community through a program you deeply care about.
Gifts of Cash - Cash gifts can be mailed, given online, made on your phone or dropped off at Midwest Mission. Your gift can be credited to your family or group, honor a loved one, or be used as a match to inspire others to share in your passion for helping others.
Midwest Mission is an exempt organization as described in Section 501c(3) of the Internal Revenue Code