Your Giving
Donate
Make a donation to support our efforts to improve the lives of the people who live, work, and enjoy Mahomet.
Planned Giving
Your legacy can improve the lives of the people who live and work in Mahomet for years to come. It can help with projects like the splash pad or tennis courts or can be used to support the work of other community organizations and fundraisers. As a donor, you can determine how your gift will be used or you can leave an unrestricted donation so we can allocate it where the need is the greatest.
What types of planned gifts are available?
- Bequest by will
- Generally, this is a stated dollar amount or a residuary bequest that is all or part of an estate.
- Real Estate gifts
- With real estate, you can offset capital gains from the increased value of real estate or transfer by deed some or all of a piece of real estate to the Foundation.
- Stocks
- Selling appreciated publicly traded stock can incur taxation on the gained value. Donating those shares is an excellent way to support your community and avoid taxation.
- Retirement plans
- 401K and IRA retirement accounts often incur heavy taxes when passed to beneficiaries other than a spouse. That makes them ideal for charitable donations. You can designate the Mahomet Community Foundation as a beneficiary of the account.
- Life Insurance
- You can designate the Mahomet Community Foundation as the or a beneficiary of your life insurance policy. Alternately, a fully paid whole life policy can be transferred to the Foundation and you, as the donor, would continue to pay the premiums.
- Charitable trust
- There are different types of trusts that can be set up with Mahomet Community Foundation as a beneficiary. Determining which one is right for your estate is a conversation you should have with your estate attorney.
If you would like to discuss a planned gift, please reach out to our board. You will also want to discuss your gift with your family and beneficiaries as well as your attorney.
