Wills & Trusts

wills and trustsUnlike cash donations, planned gifts require some planning before they are made. A common type of planned gift is a charitable bequest through your will, yet there are other options for planned gifts that may better fit your needs.

Planned gift arrangements, such as charitable gift annuities or remainder trusts, can provide you (and a second beneficiary, if you choose) with an income for life. This income can be outright or deferred. You retain full ownership and control of your assets during your lifetime, and the gift comes to Master’s Manna, Inc. upon your death.

These gifts may be set up by financial institutions such as your bank, or through a local community foundation. Your benefits include a charitable contribution deduction on your taxes, and the removal of taxable assets from your estate. Donors should consult with their own tax or legal advisors prior to making a planned gift.* Planned gifts help leave a permanent legacy from you to your community long after you are gone.