WillA specific bequest can be listed in the will to give money to the Mitchell Technical Institute Foundation. It can be a specific dollar amount or a percentage of the donor’s estate.
Retirement Plan AssetsA donor could name the MTI Foundation as a beneficiary on their retirement accounts. If they want their spouse to be the primary beneficiary, they can name the Foundation as the contingent beneficiary.
Life InsuranceAgain, the donor can list the MTI Foundation as a beneficiary to the life insurance policy.
Real EstateLand and property can be gifted directly to the MTI Foundation.
Charitable Gift AnnuityA donor can give money or assets to the MTI Foundation in exchange for the Foundation to pay a fixed amount back to the donor for life or a term of years.
Annuity TrustA trust that is created to pay the donor a fixed amount every year. This would be beneficial to the donor by knowing a fixed amount that they will be receiving for budgeting purposes.
UnitrustA trust that is created to pay the donor a percentage of the income every year.
Charitable Lead TrustA trust created where the income from the assets in the trust are donated to the MTI Foundation throughout the donor’s lifetime. Upon the death of the donor, the beneficiary would get the principal.
Charitable Remainder TrustA trust created where the income from the assets in the trust go to a specific beneficiary throughout the donors lifetime. Upon the death of the donor, the MTI Foundation would get the principal.
Individual Appreciated AssetsWhen an asset has appreciated greatly in value there would be a capital gain incurred when selling that asset. A donor could gift that asset to the MTI Foundation and there would be no capital gain incurred. A good example would be stock or real estate.