Cash Contributions
You can support DRMC with a gift of cash, or a cash pledge payable over three to five years. This gift is tax deductible in the year the donation is made. Checks should be made payable to: Memorial Trust Foundation. (Tax ID# 20-3883428)
Securities
For maximum tax benefits, you may want to consider a gift of long-term appreciated securities. You will receive an immediate tax deduction for the full fair market value of the securities. Because you will not be subject to any tax on the appreciation, you may also realize significant tax savings.
Tangible Personal Property
Depending on your situation, you may want to make your contributions in the form of assets such as real estate, art, antiques.
Life Insurance
You can name the Memorial Trust Foundation as the beneficiary of a life insurance policy. You can transfer ownership of an existing policy that is fully paid or you can establish a new policy in the Foundation’s name and make monthly or quarterly premium payments.
Retirement Plans
You may want to use your retirement savings to make a contribution. Left to heirs other than a spouse, retirement savings funds can incur both estate and income taxes. Donating them to charity reduces the tax burden borne by your heirs, and provides you with a sizable tax deduction. Simply name the Memorial Trust Foundation as the beneficiary of an Individual Retirement Account (IRA), 401(k), or other retirement savings plan.
Bequests
If you prefer, you can make your gift through a bequest in a will or living trust. To discuss bequests or other planned giving opportunities which may provide you with an income stream during your lifetime, contact the Memorial Trust Foundation at 562.904.5055 or Crystal Torres at crystal.torres@drmci.org.
For additional information about these and other forms of giving, please contact the Memorial Trust Foundation at 562.904.5055.