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MLN Charitable Trust The Missouri League for Nursing (MLN) Board of Directors is pleased to announce this program to assist you in making decisions regarding donations to charity. The MLN is a 50lc(3) organization and qualifies as a "public" charity by the IRS. Your contributions will assist MLN in meeting its mission to support the delivery of quality health care by nurses and other health care providers through education, collaboration, and information. CHARITABLE GIFT ANNUITIES Like a charitable remainder annuity trust, a charitable gift annuity allows you to contribute assets but retain a specified income from those assets during your life or a joint life arrangement. A gift annuity is an agreement in which the charity promises to pay you an income stream in exchange for your charitable gift. A portion of the value of the gifted asset(s) is tax deductible. Plus the assets are removed from your estate, which avoids estate taxation after your death. A gift annuity provides you less flexibility than a charitable remainder
trust, and a gift annuity is simpler than a charitable trust because it
requires only an agreement provided by the charity. This agreement lets
you transfer your asset to the charity or have your financial consultant
sell the asset on behalf of the charity. This information is being provided as a service and should not be construed as legal, tax, or financial advice. Please consult your tax consultant and your attorney for legal advice regarding your specific situation and for the preparation of any legal documents. |
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