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.

WHAT TO GIVE

Gifts of Cash - The simplest way to give. You can deduct a cash gift for income tax purposes. The Missouri League for Nursing will provide written confirmation for cash gifts for your income tax reporting.

Gifts of Securities - Gifts of stock allow you to deduct the increased value of the stock and reduce or avoid "capital gains" on the increased value. Consult an attorney, tax professional, or investment professional for determining the advantages of donating securities.

Gifts of Life Insurance - You can donate a life insurance policy to the Missouri League for Nursing or simply name the Missouri League for Nursing as the beneficiary. If you donate a paid-up policy, you will receive an income tax deduction to the lesser of the cash value of the policy or the total premiums paid. To qualify for the charitable contribution deduction of the gift of an existing policy, you must name MLN as the owner and beneficiary.

Gifts of Real Estate - If you donate property that is fully paid for and has appreciated in value, you can deduct the fair market value of your gift, avoid all capital gains taxes, and remove the asset from your taxable estate. You can transfer the deed now and keep the right to use the property for your (and your spouse's) lifetime.

Gifts of Retirement Plan Assets - This will allow you to avoid estate taxes and preserve more of your estate for the people and organizations that mean the most to you. Your account can pass directly to a charitable organization as your beneficiary, or it can be transferred to a deferred giving arrangement that will pay for life to a family member, after which the remaining assets pass to the organization. You might even consider a deferred gift that is designed to pay a life income to yourself with the remaining assets passing to the organization.

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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