Planned Giving

Charitable Gift Annuities

Real Estate/Ag Land

Bequests

Other Ways to Give

Charitable Gift Annuities

Gifts That Pay Your Income

There’s a way for you to support Madelia Health Foundation and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.

With a charitable gift annuity you agree to make a gift to Madelia Health Foundation and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support our work.

This type of donation can provide you with regular payments for life and allow Madelia Health Foundation to further our mission. Advantages of a CGA include:

  • Receive fixed payments to you or another annuitant you designate for life
  • Receive a charitable income tax deduction for the charitable gift portion of the annuity
  • Benefit from payments that may be partially tax-free

You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction if you itemize.

Gifts That Pay

Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options. Click the button below to learn more.

Learn More
An Example of How It Works

Walter, 66, and Meredith, 65, want to make a contribution to Madelia Health Foundation but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.

Based on their ages, they will receive a payment rate of 3.9%, which means that they will receive $780 each year for the remainder of their lives. They’re also eligible for a federal income tax charitable deduction of $4,878* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.

*Based on a 1.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

Next Steps

  • Contact Sara Schauer or foundation@madeliahealth.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Madelia Foundation.

  • Seek the advice of your financial or legal advisor.
  • If you include Madelia Health Foundation in your plans, please use our legal name and federal tax ID.

    Legal name: Madelia Health Foundation
    Address: 121 Drew Ave. S.E., Madelia, MN 56062
    Federal tax ID number: 73-1719218

Real Estate/Ag Land

Gifts of Real Estate

Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland or commercial property can make a great gift to Madelia Health Foundation.

Benefits of gifts of real estate
  • Avoid paying capital gains tax on the sale of the real estate
  • Receive a charitable income tax deduction based on the value of the gift
  • Leave a lasting legacy to Madelia Health Foundation
How to make a gift of real estate

Your real property may be given to Madelia Health Foundation by executing or signing a deed transferring ownership. You may deed part or all of your real property to Madelia Health Foundation. Your gift will generally be based on the property’s fair market value, which must be established by an independent appraisal.

Contact us

If you have any questions about gifts of real estate, please contact us (live link to email). We would be happy to assist you and answer any questions that you have.

Bequests

A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways that you can support Madelia Health Foundation.

What are the benefits of making a bequest?
  • You leave a lasting legacy to be remembered
  • You lessen the burden of taxes on your family
  • You may receive estate tax savings
How do I make a bequest?

A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift be made to family, friends or Madelia Health Foundation as part of your estate plan.

What are my options?

A bequest can be made in several ways:

  • You can gift a specific dollar amount or asset
  • You can gift a percentage of your estate
  • You can gift from the balance or residue of your estate
  • You can make a beneficiary designation of certain assets
Example of Language for Bequests in Wills

Please tell us if you have named Madelia Health Foundation in your will. We would love the opportunity to share our appreciation.

If you are considering this option, an example of bequest language for the Madelia Health Foundation is: “I, (name) give, devise and bequeath to the Madelia Health Foundation (written amount or percentage of the estate or description of property) for its unrestricted (without conditions attached) use and purpose.”

Should you like to restrict your bequest, please consult with Madelia Health Foundation when you make your will to be certain your intent can be accomplished.

Other Ways to Give

  • Securities-Stocks/Bonds

  • Donor Advised Funds
  • IRA Charitable Roll-over

Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.