Outright Gift: Although most outright gifts are made in cash, anything of value may be given - including treasury bills, mortgages, GICs and mutual funds.
Appreciated Property: A tax-effective way to give. Capital gains tax is reduced by 50%.
Gifts for the Future
Charitable Bequest: An easy way to make a gift. Simply leave the Magellan Community Foundation in your will. The gift can be a specific amount, percentage or residual.
Life Insurance:By designating the Magellan Community Foundation as the owner and beneficiary of a paid-up, current or new policy, you will be able to make a significant future gift without diminishing your estate.
Gifts that Give Something Back
Charitable Gift Annuity: Provides both a gift to help support individuals who have intellectual disabilities and guaranteed, regular, equal payments for the rest of your life that can be 100% tax-free.
Charitable Remainder Trust:You irrevocably transfer ownership of a substantial asset to a trustee, but you retain the right to income from the trust. In the end, the principle in the trust becomes your gift to Magellan Community Foundation.
When considering a planned gift to the Magellan Community Foundation, please consult your legal council and/or financial advisor to ensure the most appropriate form of gift for your financial situation.