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Ways to Give. There are many Ways to Give to Moravian Hall Square, and gifts of any kind are always gratefully received.
Cash and Outright Gifts
To make an outright or pledged gift, please make your gift conveniently through our secure donation site:
Other Means of Giving
Stock – gifts of stock can provide donors with an attractive way to provide charitable support while offering an attractive tax benefit on stock gains or losses.
Planned Gifts – You can offer support for the mission and purpose of a beloved organization in lifetime and estate giving plans. By discussing a variety of gift options with Morningstar Senior Living and your trusted financial advisor, you can determine the best giving vehicles for your charitable support.
What are some forms of Planned Giving?
Will – naming Morningstar Senior Living as a beneficiary with a determined gift amount or percentage in your listing. A specific allocation can be discussed with Mollie Santee at Morningstar to make sure that your gift is directed to a charitable need area important to you.
Charitable Gift Annuity – Funds may be gifted to establish an income-generating fund that provides lifetime income to you (and a spouse or other) with the residual of the fund going to charitable funds at Morningstar Senior Living upon your death. Income levels are determined by the age of the annuity holder and the date established.
Charitable Remainder Trusts – There are many additional vehicles to benefit the people and organizations dear to you. Your unique circumstances and desired outcomes influence the determination of the right vehicle for you to choose. Please schedule a time to discuss options with a certified financial advisor.
Matching Gifts – you can multiply the impact of your generosity by taking advantage of your company’s matching gift program. Check with your employee benefits office to find out if your company will match your gift. Please complete the appropriate forms and enclose with your gift.
In Kind Gifts – equipment and service needs are identified through the Wish List and Administration. Individuals and organizations may chose to provide the item or service directly. This form of giving is greatly appreciated and is handled by the appropriate Moravian Hall Square contact. Inquiries should be by phone or in person.
Making Gifts from your IRA – using your Required Minimum Distribution (RMD)
Donors who are at least 70 and ½ have a special gifting opportunity from their IRA!
Talk to your financial advisor to find out how you might benefit from this government approved way to directly gift from your IRA to a qualified charitable organization like Morningstar Senior Living. Gifting a portion of your required minimum distribution (limit is $100,000/year) can benefit your tax exposure in multiple ways.
Giving from your IRA
Congress extended a great tax benefit to charitable people when they re-authorized the IRA rollover gift, also known as Qualified Charitable Distributions.
WHO: The IRA rollover gift is available to persons over the age 70 ½.
WHAT: The Qualified Charitable Distribution allows you to transfer any amount (up to $100,000) directly to a charity. The money never touches your Adjusted Gross Income, so you can’t take a deduction of the gift.
HOW: A simple letter will instruct your IRA administrator to transfer the amount you desire to the charity you specify. View a sample letter here.
LIMITATIONS: If you have other qualified retirement savings, but no IRA, all is not lost. You can create an IRA, transfer funds to the IRA, and then make the charitable gift.
BENEFITS: There are numerous benefits to Qualified Charitable Distributions.
- If you take the standard deduction, doing your gifting through an IRA rollover is a vast improvement, because otherwise, you pay income tax on the amount of your charitable gifts!
- The IRA rollover gift counts towards your Required Minimum Distribution.
- You may reduce the amount of your Social Security income that is taxable.
- You may reduce the rate of tax on your Social Security income.
- You may reduce the cost of your Medicare premiums.
- You may avoid a higher income tax and/or capital gains tax rates.
- Upper income families may partially avoid the phase-out of itemized deductions and personal exemptions, and the 3.8% Medicare surtax.
DISALLOWED – You may not fund a charitable gift annuity, a Donor Advised Fund, a trust, or a private foundation with IRA rollover gifts.
It’s about YOU – Your unique tax situation determines your benefits. Please consult your tax or financial advisor for insights into your tax circumstances. Remember; money left in your retirement accounts is taxed at your heirs’ tax rates or higher!
The IRA rollover gift is a great way to fulfill your charitable intentions while helping your favorite charity. This works for your annual church or synagogue tithe, also!
For more information, please contact Mollie Santee, Executive Director of the Morningstar Senior Living Foundation (610-746-1002 / email@example.com).
Online Shopping Benefits the Good Samaritan Annual Fund
By clicking the iGive icon and registering as a supporter of Morningstar Senior Living, you can benefit from secure online shopping at more than 700 stores in the iGive shopping mall! It’s convenient, safe and another way to provide charitable support! Try it – you’ll be glad you did!
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