All gifts are welcomed and appreciated. Charitable giving can be done in many thoughtful ways for the MSF Legacy Fund Campaign. Here are a few examples of gifts that may suit your philanthropy planning.
Checks, cash, and credit card gifts are the most common gifts made. Your gift is tax deductible at its full value on your income tax return if you itemize your deductions; up to 60% of your adjusted gross income.
Credit card and direct debit gifts can be made through GiveLively, our online giving portal.
Checks can be made out to MSF. Please specify "Legacy Fund" in the memo. Send checks to: MSF, PO Box 262, Milaca, MN 56353.
You have up to 5 years from the date of your pledge to complete payment. MSF will send pledge payment reminders annually, semi-annually, or quarterly at your request.
Your gift is deductible at its full value on your income tax return if you itemize your deductions; up to 60% of your adjusted gross income.
Donors pledging $1000 or more will have the option of being included on a permanent donor recognition display to be housed at Milaca High School.
For gifts of $10,000 and above, you may create your own named scholarship sub-fund within the MSF Legacy Fund. Your sub-fund will generate an annual scholarship in perpetuity!
Please download and complete the Campaign Pledge Form below.
If you choose to make a gift of $10,000 or more, please download and complete both the Pledge Form
and the Sub-Fund Form to specify how your scholarship will be named.
Send completed pledge forms to: MSF, PO Box 262, Milaca, MN 56353
These are easy to give and can offer you great tax advantages. If you have held the stock for more than 1 year and it has appreciated in value, you can make a gift of publicly traded stock to the MSF Legacy Fund Campaign and avoid paying capital gains tax on the transaction. Your broker can make the transaction electronically, upon your authorization.
Your retirement fund can be taxed at a high rate if passed on to heirs but can pass to charities without taxation. Leaving your remaining retirement assets to the MSF Legacy Fund as part of your estate planning is a very simple gift to make. Of note, if you wish to contribute from your IRA during your lifetime and you are age 70 ½ or older, you can contribute up to $100,000 directly from your IRA and avoid paying income taxes on the distribution (again, consult your tax advisor).
Life insurance can be an excellent tool for making charitable gifts. Through a relatively small annual cost (the premium), a benefit far in excess of what would otherwise be possible can be provided for the MSF Legacy Fund. Consult your financial advisor to discuss your options.
While this involves longer-term planning, a gift made through your will can benefit the MSF Legacy Fund in years to come. In your will, you can name the MSF Legacy Fund to receive a specific amount, a percentage of your estate, or to be a contingent beneficiary. However, for your bequest gift to be counted toward the campaign goal, we request that you specify a dollar amount in your bequest. Sample bequest language is available.