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Planned Giving

A legacy that makes a difference in students' lives

Friends and supporters have provided resources for Dock Mennonite Academy since 1945. Your legacy gift will help sustain Dock for future generations.

Common Options:

A. Make a gift in your will - Charitable Bequest

A gift to a non-profit that is a portion of your estate at death; bestowed through a will, trust, or beneficiary designation

Advantages – reduces taxes, simplifies estate administration, easy distribution

Designate any number of non-profits; easy to change designations (simple form)

B. Make a gift that pays you income for life - Charitable Gift Annuity

A gift to a non-profit; donor receives tax benefits and payments for life

Advantages – donor receives fixed payments for life and saves on taxes; benefits a non-profit; establish through Everence or Univest Foundation

C. Name a foundation as beneficiary - IRA or Retirement Plan

Name a foundation as beneficiary (i.e. Mennonite or Univest Foundation)

Donor designates non-profits

Advantages – one of the best ways to make a significant contribution is through a qualified retirement plan (i.e. – 401k or 403b); gifts of qualified plans do not pass through the will and bypass taxes

For more information, visit Everence at www.everence.com

Other Giving Options:

A. Make a gift with your RMD and avoid taxes - IRA Rollover

If you are 70 ½ or older, you may transfer up to $100,000 directly to a non-profit

Advantages – satisfies required minimum distribution (RMD) and saves on taxes

B. Create a charitable giving account - Donor Advised Fund

Donation of cash or other assets becomes a “charitable giving account”

Advantages – immediate tax deduction, avoid capital gains tax, simple tracking

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