Tax Efficient Giving*

Please consider giving to the MHS ’65 Scholarship! We believe it’s a worthy cause, benefitting deserving individuals while building a legacy for our MHS ’65 Class.

We’ve partnered with the Moline Foundation, a tax-exempt 501 (c)(3) organization with a 60+ year history of bettering Moline and surrounding communities. If you join our legacy project, there are various techniques which can yield larger benefit to the Scholarship fund with less after-tax “cost” to you. Following are some of the more common of these techniques:

1)    Write a check—it’s a charitable deduction.

2)    Donate appreciated securities held for more than one year, which results in a charitable deduction for the fair market value of the securities and avoids capital gains on their appreciation—a double tax benefit.

3)    Name us as a beneficiary of your life insurance policy; receive a charitable tax deduction. (Your insurance provider or tax advisor can provide more detail.)

4)    Give unneeded retirement assets such as from an IRA, 401 (k), 403 (b), or similar IRS qualified plan and avoid potential estate tax via an estate charitable deduction.

5)    Include us in your will; leave a specific amount or a percentage of your estate and receive an estate tax charitable deduction.

Again, thanks for considering contributing to your MHS ‘65 Scholarship Legacy. Please consult your tax advisor for more alternatives and more detail to optimize the tax efficiency of your much appreciated support.

--Courtesy of some of MHS '65 MBAs, CPAs, and JD

* Because each individual’s situation is unique and because tax law can change, please consult your tax advisor to determine your most tax efficient course of action.

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