Estate Giving with the UMRC-Porter Hills Foundation

Make a lasting difference in the lives of older adults by making a gift to the UMRC-Porter Hills Foundation in your estate plan.

Sample bequest language to include in your will or living trust:

I give/bequeath to UMRC-Porter Hills Foundation (Tax ID #38-3443089, address of 805 W. Middle Street, Chelsea, MI 48118 OR 1049 E. Paris Avenue SE, Grand Rapids, MI 49546) $xxx,xxx (______ dollars) OR _____ percent (xx%) of my estate. I authorize UMRC-Porter Hills Foundation to use these funds at their discretion to support the greatest need of the organization OR I prefer that UMRC-Porter Hills Foundation applies these funds first to support the following use (if it is consistent with the mission of the organization) _________________________.

Contact Kelli Smith, CFRE, President & CEO of the UMRC-Porter Hills Foundation, at 734.433.1000 ext. 7502 or 616.577.2254 to receive a personalized illustration and learn about additional ways to make a meaningful impact on the lives of older adults.

Designate the UMRC-Porter Hills Foundation as the beneficiary of your Retirement Plan

After your lifetime, a nonprofit, such as the UMRC-Porter Hills Foundation, will receive 100% of the balance of your retirement plan. This is a tax-efficient gift because, if you give your retirement plan to living heirs, they will be obligated to paying ordinary income tax on every distribution they receive from the retirement plan.

Contact Kelli Smith, CFRE, President & CEO of the UMRC-Porter Hills Foundation, at 734.433.1000 ext. 7502 or 616.577.2254 to receive a personalized illustration and learn about additional ways to make a meaningful impact on the lives of older adults.

Make a meaningful gift through your Insurance Policy

Many of us purchased life insurance years ago to protect our families from financial hardship should anything happen to us. Now, you may not need that life insurance policy for its financial protection. If your insurance policy is paid up or has substantial cash value, and you have provided for your family and loved ones by other means, a gift of this policy to a nonprofit like UMRC-Porter Hills Foundation allows you to make a generous contribution to our mission. This can be done by either transferring ownership of the policy to UMRC-Porter Hills Foundation and receiving a tax deduction, or naming the nonprofit as the beneficiary of the policy.

Contact Kelli Smith, CFRE, President & CEO of the UMRC-Porter Hills Foundation, at 734.433.1000 ext. 7502 or 616.577.2254 to receive a personalized illustration and learn about additional ways to make a meaningful impact on the lives of older adults.

Gifts of Real Estate benefit your favorite cause, with possible tax savings for you!

1. Before you sell real estate, give a percentage to UMRC-Porter Hills Foundation and increase your tax savings!

Here is an example: Fred wants to sell his $1,000,000 rental property that he paid $500,000 for ten years ago. He also wants to make a gift of $100,000 to UMRC-Porter Hills Foundation.

By giving 10% of the property to UMRC-Porter Hills Foundation BEFORE he sells the property, rather than with the proceeds, Fred:

• Receives a $100,000 tax deduction now, even before the property sells; and
• Avoids paying capital gains taxes on $50,000 (the capital gains from the 10% interest on $500,000)

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What is the Legacy Society?

The Legacy Society honors individuals who have made UMRC-Porter Hills Foundation a beneficiary of their will, living trust, retirement plan, life insurance policy, or a life income gift.

Legacy Society members are treated as “insiders,” and receive:

• Updates from the Foundation leadership AND
• Invitations to exclusive events

There are currently nearly 150 members of the UMRC-Porter Hills Foundation Legacy Society. Their vision will make a significant impact on the older adults of tomorrow.

Cal and Barb have designated UMRC-Porter Hills Foundation as the beneficiary of part of their estate. “It is gratifying to know that part of our legacy will be to help future resident couples continue to live together throughout their lives.”— Cal

Contact Kelli Smith, CFRE, President & CEO of the UMRC-Porter Hills Foundation, at 734.433.1000 ext. 7502 or 616.577.2254 to learn more about ways to leave a meaningful legacy in caring for older adults, now and after your lifetime.