Thank you for your interest in exploring gift planning opportunities at the Mackinac Center for Public Policy. By making an estate or planned gift, you help to ensure that the Mackinac Center for Public Policy remains a permanent voice in Michigan for individual liberty, free enterprise, and limited, accountable government. You also join with many others who also are a part of the Mackinac Center for Public Policy Legacy Society.
If you have any questions or would like additional information about any of the options below, please contact our office at 989-631-0900.
Mackinac Center for Public Policy’s Legacy Society
Liberty requires vigilance … and each generation must defend it for the next.
You can become a member of the Legacy Society by making the Mackinac Center for Public Policy a charitable beneficiary of your will, living trust, retirement plan, or life insurance policy. You can also make a gift to the Mackinac Center for Public Policy and receive income for life via a life income-paying gift, such as a charitable gift annuity, charitable trust, or pooled income gift. Your gift will help defend liberty for future generations.
Will or Living Trust Gift
You can donate through your will or living trust. This allows you to continue supporting the Mackinac Center for Public Policy when you are gone. A bequest of your assets to the Mackinac Center for Public Policy also brings a tax benefit to your family. Your estate is entitled to an “estate tax charitable deduction” for the full value of your bequest.
It’s simple, and it may not require a revision of your whole will (though it’s always good to have an attorney review it from time to time) but, rather, a simple codicil may be added. The wording can be as simple as:
I direct my personal representative to make the following charitable contribution from my property. Such contribution may be made either in cash or marketable securities at the election of my personal representative:
The sum of __________________ to the Mackinac Center for Public Policy, of Midland, Michigan, (IRS Tax ID 38-2701547), provided that this charity is still in existence at my death, qualifies for a charitable tax deduction, and is following its original mission as a free market public policy research organization, to advance individual liberty, free enterprise, and limited, accountable government. If there is any dispute as to whether this foundation is continuing to follow its original mission, that determination shall be made by my personal representative at his or her sole discretion.
Stock or Property Gift
You can donate stock or property to the Mackinac Center for Public Policy. If you donate stock or property instead of selling it, you can write off the entire value and avoid capital gains taxes. You can realize significant savings through this type of giving.
Life Insurance or Retirement Plan Gift
You can designate the Mackinac Center for Public Policy as a charitable beneficiary of your life insurance policy or qualified retirement plan such as an IRA.
Charitable Gift Annuity
This is simple contract between you and Mackinac Center for Public Policy. In exchange for your irrevocable gift of cash or securities, the Mackinac Center for Public Policy agrees to pay one or two annuitants named by you a fixed sum each year for life.
Charitable Remainder Trust
This is a gift plan defined by federal tax law that allows you to provide income to yourself or others while making a generous gift to the Mackinac Center for Public Policy. You irrevocably transfer assets, usually cash or securities, to a trustee of your choice. The Trust may become effective through outright transfers during your lifetime or through transfers at death under your will.
Your Accountant and Attorney
In all cases, we encourage members to consult with their own accountants or attorneys. We can assist in discussing the benefits of such gifts with families to help them understand how little it can cost (a parent) to ‘do well by doing good’ for the Mackinac Center for Public Policy.
Mackinac Center for Public Policy’s Governing Principles
The staff and board of the Mackinac Center for Public Policy seek to restore government to its important, but limited role. This means we must help lawmakers and the citizens they represent understand the pitfalls of unhealthy dependence on government, in contrast to the fruitfulness of personal liberty and opportunity.