Create a Legacy
Legacy Giving
Giving through a will or living trust is easy to arrange (see Bequest
Language below), and it can help carry Memphis Union Mission’s
ministry to the needy well into the future. Legacy giving, also known
as gift planning, enables you to leave a legacy and perpetuate your values.
You
can specify a portion of your assets to go to the Mission, and your arrangements
may be changed any time you choose. You may also designate your gift toward
a specific part of Memphis Union Mission, including our endowment
fund.
Other gift options provide tax benefits now and even income for life and the life of a beneficiary as well. These types of gifts are generally irrevocable. If you are not familiar with the concepts and strategies of charitable gift planning, you might want to take a moment to look at our chart briefly describing some of the charitable means that are available to you - see How Can I...? And, you can click the link below to learn more about gift planning and to meet people who made gifts and why they did.
For
more information, click here.
The Stroud-Pettit Society
The Stroud-Pettit Society honors friends who have made a bequest to Memphis
Union Mission. As a member, you can know that your generosity will perpetuate
this ministry, which began in 1945.
If you have included Memphis Union Mission in your estate plans, please
let us know so that we can recognize your contribution and make certain
your intentions will be carried out. You can use our estate
intention form.
If you have not written a will yet, regardless of your charitable intent, please consider this, for it is a gift to your loved ones.
Please feel free to change the numbers or percentages as you desire. If you already have a will, A codicil is a written change or amendment to a will. Click here for a printable copy of what a codicil would look like. Please remember to consult your attorney to make sure you are properly advised. It may also be helpful to have our tax identificant number (TIN) - 62-0541811.
- Bequest of Residue: (Example: "I leave all (or _______%) of the rest, reside,
and remainder of my estate, whether real or personal, and whatever located,
to Memphis Union Mission, 383 Poplar Ave., Memphis, TN 38105-4505
for its general purposes and directives as determined by the Board
of Directors.")
- Specific Bequest: (Example: "I leave Memphis Union Mission, 383 Poplar Ave.,
Memphis, TN 38105-4505 the sum of $_______ for its general purposes
and directives as determined by the Board of Directors.")
- Designation of
Beneficiary of Life Insurance Policies or Pension Plans (IRA, Other
Retirement Plans, etc.): (Example: "I hereby designate
Memphis Union Mission, 383 Poplar Ave., Memphis, TN 38105-4505
as recipient of $___________ or_________% of the proceeds of my [insurance
policy] or [retirement plan].")
- Gift of Real
Estate by Will: (Example: "I leave to Memphis Union Mission,
383 Poplar Ave., Memphis, TN 38105-4505 the real property described
as follows: [property description].")
- Contingent Bequest: (Example: "If my brother
John Doe survives me, I devise and bequeath 20% of the remainder and
residue of property owned at my death, whether real or personal, and
wherever located to John Doe. If John Doe does
not survive me, then I devise and bequeath 20% of my residuary estate, whether
real or personal property and wherever located to Memphis Union Mission,
Memphis, TN.")
This information is not intended to serve as tax or legal advice. For advice or assistance in specific cases, consult your attorney or professional advisor.
Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. Donor stories and photographs are for purposes of illustration only. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. Use of this site signifies your agreement with the terms of use. The content in this Planned Giving section has been developed for Memphis Union Mission by Future Focus. Please report any problems to section webmaster.
For more information, please contact Steve Carpenter (901) 526-8403, ext. 2009.
