Through planned giving, donors ensure their personal, financial, and philanthropic goals are fulfilled beyond their lifetimes. Entrusting your planned gift to the NMD helps to ensure our legacy is also secured for years to come.
The NMD works with UMB’s Office of Planned Giving to ensure you are not only making the right gift for you, but also to make the process as easy and transparent as possible.
Interested donors may identify a specific area of NMD’s operations to support with their planned gift, such as collections care, educational programs, general operating support, or any of our already established funds or endowments. We are always excited to speak with interested donors about other ways their gifts can be used as well to help guarantee their legacy is rightfully captured in their planned gift.
Ways to Give
Estate gifts through provisions in a will or living trust, or through the beneficiary forms on insurance or retirement funds, are the oldest and largest types of gifts made in humanity.
From traditional bills and coins, to checks, electronic payments, or Direct-IRA gifts (not including Donor-Advised Fund gifts), cash is the most popular form of giving, for convenience, immediacy, and familiarity.
CHARITABLE GIFT ANNUITIES
For almost 180 years, Americans have been using charitable gift annuities to provide income—usually for life—in exchange for a donation of assets.
CHARITABLE LEAD TRUSTS
Finally, other gift options like charitable lead trusts present opportunities for donors to give property into a trust that makes gifts to the foundation over a set period of time, and at termination the remainder principal returns.
CHARITABLE REMAINDER TRUSTS
The charitable remainder trust (CRT) allows donors to customize income to their needs, convert illiquid assets into a new stream of income, or a host of other financial and estate planning goals that can be accomplished through a charitable trust.
DAFs are accounts hosted by a 501(c)(3), opened by an individual with donated assets above a minimum amount. The donor subsequently recommends that grants be made out of the DAF to other 501(c)(3) charities named by the donor.
GIFT OF IRA ASSETS
Fortunately for many, investments and other income sources in retirement mean that retirement savings are in excess of annual and lifetime needs.
GIVING STOCK INSTEAD OF CASH
Giving appreciated stocks and mutual funds (owned for more than one year) immediately adds a tax advantage over making the same gift in cash.
Giving appreciated stock, mutual funds, and other investment assets provide donors the additional benefit of avoiding recognition of long-term capital gains, and thus avoid paying tax on those gains.
Donors with real estate available to them for gifting purposes have several options: giving it outright to the Foundation; giving it and receiving a portion of the income; giving it and living in it for life; or selling the property at a discount.
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