Legacy gifts that support our work – including a specific project or program – are meaningful and rewarding ways to transform lives, fortify communities, and set an important example for future generations. There are a number of creative ways that you can give to Metro Housing|Boston as part of your will or estate plan. We can help you think strategically about how to support Metro Housing|Boston so that you can maximize the impact you have on our work.
A charitable bequest is one of the easiest gifts to make. It is a gift made through your will, directing that part of your estate go to one or more of your favorite charities. Because a charitable bequest can take many forms, you have considerable flexibility. You can leave a specific asset, a specific sum of money, a percentage of your estate, or what remains of your estate after you have provided for other beneficiaries. You can designate exactly how you want your bequest to be used or leave it unrestricted. Most importantly, you can change any bequest provision during your life, which means you remain in complete control of the process.
“I give and bequeath to Metro Housing|Boston, 1411 Tremont Street, Boston MA the sum of $_____ or (____%) to be used for its general purposes.”
Be sure to consult your tax and financial advisor when considering any planned gift and obtain the assistance of an attorney when making or revising your will.
As you consider your philanthropic goals, we invite you to think about other ways to support our work. A retirement asset, such as an IRA account Is quickly becoming a popular bequests to nonprofits due to the tax benefits.
If the IRA were given to your family, much of the value may be lost through estate and income taxes, just as a large cash gift would be. By designating Metro Housing|Boston as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free upon your death and your estate receives an estate tax charitable deduction.