With a planned estate or legacy gift to MYF, you have the opportunity to combine your charitable giving and financial planning goals. Your gift will help us fullfill our mission of helping youth reach their full potential.
Ways you can give:
Bequests in your will or living trust
Have you remembered Metropolitan Youth Foundation in your will or living trust? Doing so allows you retain control of your funds/assets during your lifetime and brings no risk to your living financial security. Note that you can modify or revoke this for any reason, and bequests are exempt from estate taxes. Here is language you can provide your attorney:
"I give to Metropolitan Youth Foundation, Inc., a 501(c)(3) charitable organization whose office address is 9511 Chef Menteur Hwy, Suite 109-353, New Orleans, LA 70127 and whose tax identification number (EIN) is 71-1009820, _____ [insert either a dollar amount or a percentage] in support of its full mission"
Designating us as a beneficiary
Designating Metropolitan Youth Foundation as the beneficiary of your asset is the simplest way to give, has no cost, and doesn’t even require a trip to your attorney. You can designate us as the beneficiary on life insurance policies, commercial annuities, financial accounts (checking, savings, investment etc.), and charitable rollovers. Simply contact the institution that manages your account and request a beneficiary designation form. For purposes of completing the form, our legal name is: Metropolitan Youth Foundation, Inc. Address: 9511 Chef Menteur Hwy, Suite 109-353, New Orleans, LA 70127.
Our tax identification number (EIN) is 71-1009820.
Giving a charitable IRA rollover
Under the PATH Act of 2015, you can make a gift to charity from your Individual Retirement Account (IRA) and take advantage of tax savings. According to Forbes, “once you reach 70 ½, you can make up to $100,000 a year in gifts to charity directly from your IRA. Those gifts count towards the required minimum distributions you must take annually from your traditional IRAs but aren't included in your adjusted gross income.” The distribution must come from your plan administrator directly or from your IRA checkbook. Metropolitan Youth Foundation, Inc., Attn: Charitable Giving, 9511 Chef Menteur Hwy, Suite 109-353, New Orleans, LA 70127.
Setting up Trusts and Annuities
A life income gift provides you (and your loved ones, if applicable) with income to help meet financial needs while you’re alive and allows you to make a future gift to Metropolitan Youth Foundation. These gifts range from charitable gift annuities, charitable remainder unitrusts and charitable remainder annuity trusts. No matter which is right for you, you are helping to create a legacy of support in our mission to uplift youth. Learn more about trusts and annuities, and consult your financial advisor to get started.