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Home || Job Opportunities || Employees || Contact Us |
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MIFA has a number of options for individuals who want to continue changing lives in the future:
Include MIFA in Your Will
Having provided for their loved ones, many of our supporters make
charitable gifts by naming MIFA as a beneficiary in their wills.
To make a bequest to MIFA,
the following language will be helpful to your attorney:
"I give, devise, and bequeath to the Metropolitan Inter-Faith
Association (MIFA) located at 910 Vance Ave., Memphis, TN 38126, the
sum of ____ (or otherwise describe the gift of property or some other
tangible asset.)"
Three ways to make a bequest include:
Specific Bequest - You designate a specific dollar amount, specific percentage, or specific property to MIFA.
Residual Bequest - Your estate will pay all debts, taxes,
expenses, and specific bequests. The remaining amount - and residue -
will be transferred to MIFA
Contingent Bequest - You can ask that MIFA receive all or a
portion of your estate under certain circumstances.
If you have already included MIFA in your will or estate plan, please
contact us. We realize that by making this special gift, you consider
us to be part of your family, and we want to keep you informed as to
how your gift will be used and provide the opportunity for you to
express your wishes.
Donate Stock Certificates
A gift of appreciated securities can offer significant tax advantages. Once you have held the stock for more than 12 months, you can
deduct the full fair-market value of the stock at the time of your gift
regardless of how much you paid for it. For example, if you donate
publicly traded stock valued at $5,000 that you purchased in 1995 for
$1,000, your deduction will be the full $5,000.
Transferring stock
electronically is simple, but during the busy days of December you
should allow up to a week to complete the gift, and you should always
consult your financial advisor before doing so.
If your stock is held in a brokerage account, please instruct
your broker in writing to transfer the shares to the MIFA account
listed below, including the account number and DTC for the brokerage.
Be sure to note whether the gift is unrestricted (allowing MIFA to
decide where funds are most needed) or whether it is restricted to a
certain project.
Please send a copy of the letter to us and include
your address to ensure that you receive credit for the gift and will be
properly acknowledged for your generosity.
Brokerage Name: Morgan Keegan
MIFA Account Number (at Morgan Keegan): 50034685-1
MIFA Tax ID #: 62-0803601
MIFA DTC#: 780
If you have actual stock certificates or you wish to contribute mutual funds, contact Cecil McGee,
chief financial officer, at cmcgee@mifa.org or call (901) 529-4587; or contact Sally Jones Heinz, vice president for development, at (901) 529-4523 or sheinz@mifa.org.
Life Insurance
One of the simplest ways to make a significant contribution is to give a life insurance policy to MIFA. You may give an existing policy that you no longer need, take out a new policy, or name MIFA as a beneficiary. This gift may provide valuable income and estate tax savings.
Charitable Trusts
A Charitable Remainder Trust (CRT) allows you to establish a trust for the ultimate benefit of MIFA, while retaining the income generated by the assets. A CRT may help you eliminate capital gains taxes, reduce or eliminate estate taxes, improve lifetime cash flow, and provide for your heirs.
Endowment Funds
Naturally, these are important decisions that require careful consideration. If you need guidance, contact Sally Jones Heinz at (901) 529-4523 or sheinz@mifa.org.
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2006 Copyright MIFA - Metropolitan Inter-Faith Association
Any forwarding, unauthorized access or reproduction, or distribution of printed copies of this electronic product,
in full or in part, without written permission of the publisher,
violates Federal copyright law.
MIFA - 910 Vance Avenue - Memphis, TN - 38126 - (901) 527-0208
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