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
This link leads to the machine-readable files that are made available in response to the federal Transparency in Coverage Rule and includes negotiated service rates and out-of-network allowed amounts between health plans and healthcare providers. The machine-readable files are formatted to enable researchers, regulators, and application developers to access and analyze data more easily.