Marbridge was founded 1953 because one family, the Bridges family, sought to create a safe residential community for their son Jim and other adults like him with intellectual disabilities. Today up to 275 adults live and work on the Marbridge campus which has grown to become a model community providing the highest standard of care in facilities and programs providing our residents with unique opportunities to learn, experience and achieve a whole new life. While our mission at Marbridge remains to provide a caring home for individuals with intellectual disabilities, an equally important part of our commitment is to provide comfort and security for the families of our residents in knowing that their loved-one can remain in a safe and loving environment long after they are gone.
Please consider including a gift to Marbridge in your will or living trust. A bequest is a simple process in which your Financial Advisor adds a clause to your will or trust. You can structure the bequest as a fixed amount or a percentage of your residual estate.
Leave a legacy that will help sustain us for years to come by naming Marbridge as a beneficiary of your retirement plan, life insurance or insurance annuity assets.
A charitable lead trust is basically the same concept as a charitable remainder trust, but in reverse. With a CLT, Marbridge receives a certain percentage of investment income every year. After your death, whoever you’ve named as the beneficiary (a spouse or children) receives the assets that remain. Again, there are potentially significant tax deductions and exclusion from capital gains taxes.
A charitable remainder trust has two beneficiaries. In most cases, one of them is you (and possibly your spouse,) and the other is Marbridge. During your lifetime you receive a set percentage of investment income from the charitable trust. After your death, Marbridge then receives whatever remains in the trust. In addition to sustaining Marbridge for perpetuity, there are potentially significant tax deductions and exclusion from capital gains taxes.
Create a new endowment in your loved-one’s name, or contribute to the existing Marbridge Endowment, to ensure sustainability for Marbridge for years to come.
Did you know charitable gifts may be rolled over from a traditional or Roth Individual Retirement Account (IRA) without incurring federal income taxes?
The statutory requirements for a “qualified charitable distribution” are as follows:
- The distribution must be made from an IRA (other retirement accounts are not eligible).
- The recipient must be an eligible charitable organization.
- The IRA’s owner must be at least 70½ years of age.
- The distribution must be made directly to the charity by December 31.
- The distribution must otherwise be fully deductible as a charitable contribution.
- The distribution must otherwise be included in gross income.
A Special Needs Trust (SNT) is designed to manage assets to support a person with special needs, without causing that person to become ineligible for means-based government benefits. This trust would be set up for your resident at Marbridge, to care for them during their lifetime. Some families choose to name Marbridge as the beneficiary of this trust, so that at the time of the resident’s passing, the remainder of the trust would be left to Marbridge.
A charitable gift of stocks provides an opportunity for tax savings while supporting Marbridge. A gift of stock owned for more than one year entitles you to a charitable deduction for the full market value at the time the gift is made. If the stock has appreciated, you also avoid a capital gains tax on the appreciation in value.
For more information about Planned Giving options, please contact Becca McPherson, Vice President of Development, at [email protected]; 512.735.2716.