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2 minute read
Plant Seeds Now to Transform Lives Later
Your legacy can flourish far beyond your lifetime—and it doesn’t require great wealth to make an enduring difference. By including a charitable gift to Magnificat in your estate plans, you can help empower future generations of young women with the gift of a Magnificat education.
There are several simple but impactful ways to make a planned gift:
Bequests: You can leave a gift to Magnificat in your will or living trust. This ensures your support for our Mission without affecting your current finances.
Beneficiary Designations: Name Magnificat as a beneficiary of your retirement account, life insurance policy, or other financial accounts. This is an easy, straightforward way to make a meaningful contribution.
Qualified Charitable Distributions: If you're 70½ or older, you can transfer up to $100,000 per year directly from your IRA to Magnificat. This satisfies your required minimum distribution and isn't counted as taxable income.
By planting the seeds of generosity today, you have the power to transform countless lives for years to come. If you have already included Magnificat in your estate plans, please let us know so that we can properly acknowledge you as a member of the Sr. Bernadette Vetter Legacy Society.
Contact Director of Development Maggie Mroz Lamb ’84 at mlamb@maghs.org or 440-331-1572, ext. 268, to explore how planned giving options can align with your values and goals.
Please consult with your tax or legal professional to discuss which options work best for you.