Benefits of Making a Gift
When you support MUST, you join a exciting community of philanthropists whose gifts help make possible our success in ending poverty and suffering within our community. You can benefit from your gift in other ways, as well.
Memorials and tributes
You may designate any gift in honor of, or in memory of, someone. Whether this designation is made for a relative, co-worker or friend, a memorial or tribute designation is a thoughtful gesture that recognizes an individual's life and accomplishments. The honoree or family of the deceased will be notified of memorial gifts.
Tax benefits
The government rewards your generosity by allowing valuable tax benefits for your charitable gifts to organizations and institutions such as MUST Ministries, Inc.
Any lifetime gift received by MUST, qualifies for an income tax deduction. In addition, most gifts permit the avoidance or postponement of any potential capital gains taxes. Revocable commitments, such as will bequests, do not qualify for income tax benefits, but like virtually all gifts, they reduce potential estate tax liability.
For gifts made during your lifetime, your income tax deduction is typically equal to your gift's full, fair-market value. The deduction is reduced for some gifts, including non-cash assets held less than one year and certain types of tangible personal property.
If you receive benefits from your gift, such as lifetime income, the allowable deduction is reduced in accordance with the benefits you receive. The remaining deduction will still significantly reduce the cost of your gift.
The size of your gift may affect how much of your income tax deduction you are permitted to use in one year, and how much you carry forward to future years.
MUST Ministries cannot give specific legal, tax or other professional advice. For such assistance regarding your unique circumstances, please consult legal and financial advisors.
We're getting close to our goal!
John Moeller
MUST's Executive Director
Kim Gresh
MUST's Capital Campaign Chair