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Minnewaska Home Development Foundation Memorial Gifts Honor Your Loved One While Making the World a Better Place Many people want to commemorate the life of a husband, wife, family member, or dear friend who has passed on. They want to create a lasting testimonial about what that person meant to them. You too can make a lasting gift that will serve as a memorial to your loved one while supporting MHDF. There are few things more thoughtful or satisfying. The way you decide to honor this special person may include immediate gifts, bequests from wills or living trusts, and gifts from which you or other family members receive lifetime benefits. Immediate Gifts Most people are familiary, and comfortable, with the simplicity of writing a check in memory of their loved one. More sophisticated donors understand how contributing appreciated stocks, bonds, or shares in mutual funds enables them to accomplish much more with their memorial gifts. There are exceptional tax savings available to individuals who contribute long-term investment assets (those that have been owned more than one year). Instead of writing a check for $500 in memory of a loved one, instead contribute appreciated stock. For example, consider stock currently worth $1,000 which may have been originally purchased for $200. The $1,000 deduction could save a taxpayer $280 in income taxes as well as $120 of capital gains tax. Thus, it would only cost $600 to make a $1,000 gift of stock. Memorial Bequests Many individuals continue their lifetime support for MHDF through the will bequests. Indeed, this is often an ideal way to make a gift of significance while memorializing one's own life or that of someone close to you. A donor can establish a memorial through a living trust or by making MHDF the beneficiary of a financial account. "Lifetime Income" Memorial Gifts A memorial trust can provide you or a family member with lifetime income and reduce income taxes as well. A Memorial Charitable Remainder Trust may be established in both spouses' names can provide the surviving spouse with lifetime income plus significant savings in income taxes and future estate taxes. Upon the death of the surviving spouse, the trust assets will go to fund MHDF programs in both names (jointly). Memorial Gifts of Life Insurance Many individuals purchase a life insurance policy to provide financial security for their spouse. But the spouse may pass away first. In this case, what finer tribute could there be than to give the policy in that spouse's name? In doing so, the surviving spouse will also be entitled to a charitable deduction for contributing the policy. Create a Personal Memorial Humans seem to experience a common yearning to leave behind some kind of a legacy, to create a personal memorial to touch the lives of others for years to come. Like most of us, you may want to feel you made a lasting contribution or left the world a better place. Perhaps you want to leave a a legacy that declares: "I was here... My life was important ...I made a difference." Those individuals who make a bequest to MHDF programs in their estate plans may enjoy a lasting and deep satisfaction in helping us continue to provide for future generations. We ask you to consider: naming us in your will or living trust; leaving us a portion or all of a life insurance policy; or making us a beneficiary of a retirement account, IRA, CD, or bank account. Planning Your Memorial Gift There are few things more gratifying than contributing to a worthwhile cause or institution as a way to keep someone’s memory alive - and improve your world at the same time. We want to assist you in making your memorial gift as rewarding as possible. If you wish to support a special program or purpose, we would be pleased to discuss those ideas with you. Or, you may simply tell us to apply your contribution "wherever the need is greatest." We gratefully accept memorial gifts of all kinds, including bequests and distributions from living trusts in memory of loved ones. We can provide you or your attorney with suggested phrases for a memorial gift or bequest, please just call or write. For more information, please contact us. Minnewaska Lutheran Home (320) 239-2217 e-mail: info@mlh-healthcare.org The information provides is not intended as legal, tax, or investment advice. Please consult an attorney, tax or financial planning professional for questions specific to your financial situation.

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