Mennonite
Brethren Foundation
P.O. Box 220
Hillsboro, Kansas 67063-0220
800-551-1547
620-947-3266 (fax)
info@mbfoundation.com
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© 2004 Sorb Computers & Mennonite Brethren Foundation
No. However, our primary mission is to Mennonite Brethren and related causes.
No. Disbursements will be made to any qualified 501(c)(3) organization whose mission and purpose is consistent with the charitable purposes of Mennonite Brethren Foundation.
This can be accomplished for both immediate and deferred gifts by using one or more of the various options available for outright, revocable and irrevocable giving. For example, two of the ways this can be done are a Donation Account and a Donor Advised Memorandum for Charitable Distribution. Additional options are available by contacting a planned giving advisor.
This is a memorandum often used by donors to advise Mennonite Brethren Foundation where future charitable gifts are to be distributed at the time of the donor’s death. This memorandum is often used as part of planned giving in documents such as Wills, Revocable Living Trusts, Charitable Gift Annuities and Charitable Remainder Trusts. Donors like this memorandum because of its ease and flexibility in making changes. Learn more about a Donor Advised Memorandum.
It is a charitable gift fund established in your name allowing you to make a gift and defer the distribution of the gift. The gift can be anything of value: cash, real estate, stocks, bonds, mutual fund shares, farm commodities, or other marketable assets. If the donor desires, the distribution of the gift can be made anonymously. Learn more about a donation account.
A will is a public statement regarding the distribution of your property at death.
A Revocable Living Trust is a private statement regarding the distribution of your property at death and a plan for management of your assets during your lifetime.
A living will is a signed, dated, and witnessed (or notarized) document that allows you to state in advance your wishes regarding the use of life-sustaining procedures.
It depends on who survives you. The following general rules vary from state to state and the exact treatment would depend on the laws in effect where you are living at the time of your death.
If you are survived
by:
Spouse & children
Spouse & no children
Children only
No spouse or children
No known relatives
In most states this
is usually the result:
Your spouse will receive one-third of your estate; all the rest will be divided
among your children or the issue of a deceased child.
Most of your estate will go to your spouse, but part will go to your parents
if they are living.
The children will share your estate in equal portions, with a separate portion
divided among the issue of a deceased child.
Your parents will inherit your entire estate. If parents are not living, your
estate will be divided equally among brothers and sisters. After that your
cousins or nearest blood relatives will receive your estate.
Your entire estate will be transferred to the state of your domicile.
The personal representative (executor is male and executrix is female) named in a will to settle the estate of the person who made the will.
The person or institution chosen to be responsible for the administration of a trust.
You should choose someone you trust, is available and has time to fulfill this responsibility.
A CGA with Mennonite Brethren Foundation is an agreement in which a donor makes a gift to the Foundation, which in turn provides stipulated annual income payments, for life, to one or two persons plus provides some valuable tax savings. The remainder is designated to the charity(ies) of your choice. Learn more about a CGA.
Currently the minimum amount to invest in a CGA at Mennonite Brethren Foundation is $10,000.
Yes, they will never change and are secured by all the assets of Mennonite Brethren Foundation.
No, if you have a two-life Charitable Gift Annuity, the guaranteed payments remain the same and continue until the last to die.
A CRUT allows a donor to transfer property to a trustee (e.g. Mennonite Brethren Foundation) and receive, as income, a fixed percentage of the fair market value of the property transferred, determined annually. Capital gains taxes and estate taxes are avoided and the donor receives a partial income tax deduction. The remainder is designated to the charity(ies) of your choice. Learn more about a CRUT.
No, you can only name a 501(c)(3) charitable organization as beneficiary.
Yes, just contact us and we would be glad to make a change for you.