Planned gifts make a lasting impact in Michigan

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What exactly is planned giving? This is planning that allows philanthropically inclined individuals to make large, legacy gifts to charitable organizations. Because of the necessary financial planning involved, this method of giving enables individuals to make mission-driven gifts than they might ordinarily be able to make.

PlannedGiving.com says “A planned gift is any major gift, made in lifetime or at death as part of a donor’s overall financial and/or estate planning. These include gifts of equity, life insurance, real estate, personal property, or cash.”

Here at the MML Foundation, we believe that one of the most incredible legacy gifts that you could give is one that makes a lasting impact in your community.

In the November/December 2019 issue of The Review magazine from the Michigan Municipal League, longtime League member, Ypsilanti city attorney and MML Foundation board member John Barr shares his expertise in wills, trusts, and estates with readers. There, he also highlights how you may wish to include the MML Foundation in your estate planning.

Barr outlines the pitfalls of not establishing a will. He points out how easy it is for anyone to create a will. In fact, making a planned gift is really a simple process that can have powerful, long-term impact on the work of the League and the MML Foundation.

The MML Foundation aims to improve the quality of life for all Michigan residents through investing in local leadership development, talent, and placemaking. You can power this work by leaving a gift to the MML Foundation by planning a gift at any point now, or in your will or estate plan.

Your planned gift to the MML Foundation will be invested in the people and places that create equity and opportunity for Michigan’s current and future residents.

The MML Foundation is now able to accept planned gifts via the following:

  • Simply include the MML Foundation as a beneficiary in your will or trust.
  • Gift of stocks and bonds. A gift of appreciated securities is an easy way for you to make a gift, with some potential tax benefits.
  • Gift of retirement assets. A gift from your IRA, 401k, 403b, pension or other tax deferred plan is an excellent way to make a gift.

More information about the Foundation and the impact your gift can have is available at www.mmlfoundation.org/planned-giving/. You may also contact the MML Foundation at mmlfoundation@mml.org.