Estate Planning & MOM AZ
Planned Giving is a powerful way to leave a lasting legacy of hope and healing through Mission of Mercy Arizona. By including us in your estate plans, you help ensure that we can continue to provide free, high-quality healthcare to those in need. There are several ways you can make a meaningful impact, such as through beneficiary designations, bequests, IRAs and retirement plans, life insurance policies, and donor advised funds. Each option allows you to support our mission while offering potential tax benefits and ensuring your values continue to make a difference for generations to come! Let’s briefly review some of the options you may want to consider, however nothing takes the place of professional advice specific to your circumstances. Therefore, we highly recommend you work with an estate planning professional, such as a qualified attorney.
Beneficiary Designations
Make a Meaningful Gift with Just a Few Simple Steps
If including a gift in your will or estate plan doesn’t feel right for you, consider the flexibility of naming a beneficiary. With a beneficiary designation, you can make a significant impact using assets such as:
- IRAs and retirement plans
- Life insurance policies
- Donor-advised funds
- Commercial annuities
Naming Mission of Mercy Arizona Health Partnership as a beneficiary is easy. Simply request a change-of-beneficiary form from your policy administrator or download it directly from your provider’s website. Once you fill it out and submit it, your gift is established.
Benefits of a Beneficiary Designation:
- Avoids Probate: Assets passed through beneficiary designations (such as IRAs, retirement plans, or life insurance policies) transfer directly to the designated beneficiary, bypassing the often lengthy and costly probate process.
- Simple and Flexible: Updating or changing beneficiary designations is easy and does not require modifying your will or trust, offering flexibility to adjust as your circumstances or charitable goals change.
- Tax Advantages: Designating a charity like Mission of Mercy Arizona as a beneficiary of retirement accounts or IRAs can reduce or eliminate income taxes that would otherwise be incurred by heirs.
Ready to Get Started:
- Contact your retirement plan, life insurance, or bank account administrator to request a change-of-beneficiary form—or download it from their website.
- Decide what percentage (from 1% to 100%) you’d like Mission of Mercy Arizona Health Partnership to receive. Complete the form by listing us and the percentage you’ve chosen, then return it to your provider.
- Reach out to Kristi Geiger at (602) 861-2233 ext. 206 or kgeiger@amissionofmercy.org to let us know how you’d like your gift to be used. We’ll ensure your wishes are honored.
Legal Name: Mission of Mercy Arizona Health Partnership
Address: 360 E Coronado Rd, Suite 106, Phoenix, AZ 85004
Bequests
Create a Lasting Impact with a Simple Gesture
Are you looking for a meaningful way to support our mission and create a lasting legacy? A bequest—made through your will or trust—is one of the easiest and most flexible ways to make a significant difference for the Mission of Mercy Arizona Health Partnership Fund. This popular giving option allows you to align your philanthropic goals with your estate planning.
Benefits of a Bequest:
- Qualify for an estate tax charitable deduction
- Ease the tax burden on your loved ones
- Leave a lasting legacy that supports our cause
How a Bequest Works
Creating a bequest is simple. With guidance from an attorney, you can add specific language to your will or trust that designates a gift to family, friends, or the Mission of Mercy Arizona Health Partnership Fund. Alternatively, you can establish a bequest by completing a beneficiary designation form.
Ways to Make a Bequest
You can structure your bequest in several ways:
- Percentage bequest – Designate a percentage of your estate to be gifted.
- Specific bequest – Leave a specific dollar amount or a particular asset.
- Residual bequest – Gift the remainder or residue of your estate after other bequests have been fulfilled.
IRA Charitable Rollover
Support Our Mission While Reducing Your Taxable Income
If you’re age 70½ or older, an IRA charitable rollover offers a simple and tax-efficient way to make a meaningful gift. By donating directly from your IRA, you can help advance our mission while potentially lowering your taxable income.
Make a Gift From Your IRA
If you’re looking for a way to make a significant impact, an IRA charitable rollover might be the perfect option. Not only does it help us continue our vital work, but it also allows you to reduce your income and taxes on IRA withdrawals.
Key Benefits of an IRA Charitable Rollover
- Avoid taxes on transfers of up to $105,000 from your IRA to Mission of Mercy Arizona Health Partnership
- May fulfill your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you don’t itemize deductions
- Make a gift that’s exempt from deduction limits on charitable contributions
- Help advance our work and mission in a meaningful way
How It Works
- Contact your IRA plan administrator to initiate a gift to us.
- Your IRA funds will be transferred directly to Mission of Mercy Arizona Health Partnership, supporting our mission.
- Note: IRA charitable rollover gifts are not eligible for a charitable deduction.
- If you’d like your gift to support a specific purpose, please let us know.
Fulfilling Your Charitable Goals Through Your IRA
If you’re 70½ or older, using your IRA for charitable giving is a great way to meet your goals. Simply use the “Make a Gift From My IRA” tool to contact your IRA custodian and initiate a qualified charitable distribution. We will acknowledge your generous gift as a qualified charitable distribution, which may satisfy your RMD if applicable.
Donor Advised Fund (DAF)
Create a Lasting Legacy with Your DAF
A donor-advised fund (DAF) offers a flexible and impactful way to support multiple charities. With a DAF, you can give throughout your lifetime, and your children can continue your legacy of generosity when you’re gone.
Benefits of a Donor-Advised Fund
- Create a flexible vehicle for annual charitable giving
- Enjoy a more tax- and cost-efficient alternative to a private foundation
- Receive a charitable income tax deduction in the year you fund your DAF
How a Donor-Advised Fund Works
- You make an initial, irrevocable gift of cash or stock to establish a DAF with a sponsoring organization.
- The assets in your DAF grow tax-free.
- Each year, you can recommend grants from your DAF to support charities of your choice.
Gifts From Your Donor-Advised Fund
A DAF allows you to make a single, larger contribution and recommend grants to us and other nonprofits over time. You can select DAF Pay on the giving page as a tool to contact your DAF provider and initiate a grant. We’ll gratefully acknowledge your gift as a DAF distribution.
Let’s Connect
If you have any questions or would like more information about including a bequest to the Mission of Mercy Arizona Health Partnership Fund in your estate plan, please don’t hesitate to contact us. We’re here to provide guidance and support for you and your attorney during the process. If you’ve already included us in your estate plans, we’d love to hear from you! Let us know so we can express our gratitude and recognize your generosity.
How to Get Started:
- Contact your retirement plan, life insurance, or bank account administrator to request a change-of-beneficiary form—or download it from their website.
- Decide what percentage (from 1% to 100%) you’d like Mission of Mercy Arizona Health Partnership to receive. Complete the form by listing us and the percentage you’ve chosen, then return it to your provider.
- Reach out to Kristi Geiger at (602) 861-2233 ext. 206 or kgeiger@amissionofmercy.org to let us know how you’d like your gift to be used. We’ll ensure your wishes are honored.
Legal Name: Mission of Mercy Arizona Health Partnership
Address: 360 E Coronado Rd, Suite 106, Phoenix, AZ 85004
