As followers of Christ, our desire to give is a deeply personal and spiritual decision. Fortunately, there are a wide variety of giving options available through the Northern Michigan Catholic Foundation to help you and your family meet your financial goals while making a difference in the lives of others.
Include us in your Will or Trust:
Making a charitable bequest to NMCF—whether a gift of cash, property, or other assets—in your estate-planning document is a simple way to make a meaningful donation.
Establish a Charitable Remainder Trust:
You and a surviving spouse receive an income
stream for a term of years or for life, with the reassurance that whatever amount remains
will benefit your desired ministry in perpetuity.
Start a Charitable Gift Annuity:
It’s a simple agreement in which you transfer cash, stocks, or appreciated property to NMCF in exchange for our promise to pay you a fixed lifetime income (with rates based on your age).
Consider a Life Estate:
By making a future gift of your home, you can continue to live in the home while enjoying a current income tax deduction. Upon your death, NMCF sells
the property and uses the proceeds to support the ministries you’ve identified.
Make an outright cash gift:
Donations to the NMCF general fund can go a long way towards preserving the long-term financial future of the Catholic causes you love so dearly.
Create a Charitable Lead Trust:
Interested in preserving an inheritance? Income accrued by the trust is put into a charitable fund at NMCF for a designated number of years. When the trust terminates, the remaining assets transfer to you or your heirs.
Donate a portion of your Retirement Assets:
Retirement assets such as your IRA, 401k, 403b, pension, or other tax-deferred plan are an excellent way to make a gift. All that’s required is that you name NMCF a beneficiary.
Designate us as beneficiary of your Life Insurance:
When you designate NMCF as your policy beneficiary, we receive the payout upon your death—and your estate benefits from an estate tax charitable deduction for the value of the gift.
For those over the age of 70 1/2 years old, consider sending your annual required minimum required distribution directly to NMCF. (Up to $100,000 can be transferred directly to a charity without paying income tax)