You can help the healing begin and build a legacy of support and hope with your planned gift.
The programs and services provided by Mutual Ground are made possible by generous donations from committed and concerned people just like you.
- While government and foundation grants cover a portion of our budget, we rely on donations from individuals and corporations to keep the doors open so the healing can begin.
- Your planned gift to Mutual Ground helps ensure that safety and services will be there for victims of domestic violence and sexual assault while they are on their journey to healing.
- Your financial advisor will be able to provide an overview of the numerous charitable giving vehicles appropriate for you and explain how they may benefit your family or loved ones.
Planned giving can be as simple as designating a gift through your will, gifting life insurance policies or securities, or designating Mutual Ground as a beneficiary on a retirement account. Please consider a bequest to Mutual Ground when establishing your will.
Include Mutual Ground in Your Will
The following language may be helpful to your lawyer as you prepare or update your will:
I give, devise and bequeath to Mutual Ground Inc., 418 Oak Ave., Aurora IL 60506, Tax ID #36-2921680, the sum of ____ (or otherwise describe the gift or specify a percentage of the estate) to be used for the general purposes of the organization.
Give a Gift of Life Insurance.
Some of our supporters no longer need life insurance policies to provide for children or other family members. If that is your situation, please consider donating the policy to Mutual Ground. You will be eligible to claim a charitable donation for approximately the policy’s cash surrender value and the proceeds are then removed from your estate.
Ways to give a gift of life insurance include:
- Add a beneficiary: you can name Mutual Ground as a primary or joint beneficiary on a policy.
- Give a paid-up policy: this a great option for policies that have outlived their intended purpose.
- Buy a new policy: You can make a significant gift by naming Mutual Ground as both the owner and beneficiary. The premium payments can be tax deductible.
- Give a single premium policy for maximum benefits.
Gifts of Securities
If you have owned stock for at least one year that has increased in value, you can donate that stock to Mutual Ground without having to pay capital gains on the increase. Additionally, there is an income tax charitable deduction equal to the full current market value of the securities. In order to receive the most favorable tax treatment, you must donate the securities to Mutual Ground directly; you cannot sell the stock and donate the proceeds.
Retirement Plan Assets
With the increase in the variety of retirement plan assets that people own, it is important to make sure that the money invested in these accounts goes to the people or organizations that you designate. Retirement plans such as IRA’s, pension plans, Keogh and 401 (K) accounts should have clearly designated beneficiaries. Proper planning and naming Mutual Ground as one of your account beneficiaries can reduce tax burdens on retirement assets.
Become a Member in Mutual Ground’s “Legacy of Hope” Society
When you include Mutual Ground in your will or estate plan, you are entitled to join our recognition society. In a very real sense, members of the Legacy of Hope society can be considered a group of investors, people who have, through their estate plans, invested in Mutual Ground’s future as well as the future of victims of domestic violence and sexual assault in years to come. Help us better plan for the future by becoming a member of our society.
Mutual Ground strongly encourages our supporters to consult with their legal and financial advisors when considering a planned gift to ensure the selection of the best gift option for them and their family.
If you are ready to support us, please contact Michelle Meyer, Executive Director at: 630-897-0084, x101, or email: email@example.com.