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Planned Giving
There are numerous ways to leave a lasting impact in the fight against brain tumors. By naming Miles for Hope (MFH) as a beneficiary of your will, your life insurance policy or even your retirement plan, you are ensuring that others suffering from the most devastating of all cancers have at least access to cutting edge treatments that provide a better quality of life than current treatments.
Your compassion and generosity also provide you with tax-saving benefits. After making sure that your loved ones are taken care of, it's just as easy to make sure that those battling a brain tumors are being helped by leaving a portion of your estate to Miles for Hope.
Here are some simple options, all of which will make a vital difference in the future of those struggling with this disease today.
Bequests
Through your will, you can specify a part of your estate to be directed to Miles for Hope. Please have your attorney use the following language:
"I give and bequeath to Miles for Hope, Inc., a nonprofit corporation,1684 North Belcher Road, Clearwater, FL 33765, __________ (insert dollar amount, percentage of estate or description of securities, property, etc.) to be used for its general purposes."
Assets
By transferring stock, real estate, or other assets to Miles for Hope, you may receive significant advantages, including a charitable income tax deduction or even an elimination of capital gains tax completely. Contact your tax advisor to learn how to make this transfer.
Life insurance
You may have a life insurance policy that you don't need anymore. Giving this policy to Miles for Hope (both as owner and beneficiary) will allow you to deduct the cash value from your taxes. The holder of your policy can help you determine the best way to accomplish this.
NOTICE: A provision of the federal tax code allowing for the charitable donation of Individual Retirement Account assets that would have otherwise expired in 2007 has been extended through Dec. 31, 2009, as part of the Emergency Economic Stabilization Act of 2008. The Pension Protection Act of 2006, or PPA, liberalized the rules allowing for the direct donation of assets held in an IRA to charitable organizations. Under Code Section 408(d)(8), added by the PPA, IRA owners who have attained age 70-and-a-half are permitted to distribute up to $100,000 per year of IRA assets directly to a qualified charity without causing such a transfer to be taxable to the IRA owner.
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