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Edit Template As their professional advisor, you know your client’s financial situation better than anyone else. The Mount Dora Community Trust can accept a wide variety of assets as charitable gifts, including cash, bequests, appreciated securities, retirement assets, life insurance, real estate, LLP and LLC shares, and other unusual assets. Your client’s customized fund with MDCT can also serve as the beneficiary of a charitable lead trust (or iCLAT). Please call MDCT if you would like to discuss a client’s specific situation.
To make a gift by check, please make the check payable to Mount Dora Community Trust, indicate the fund name on the memo line of the check, and mail the check to 821 N. Donnelly Street, Mount Dora, FL 32757. You may also give online using a debit or credit card via MDCT’s website. All gifts will be acknowledged by letter for income tax purposes. If you do not know the name of the fund to which your client would like to
contribute, please call the Foundation at 352-383-2150.
One of the most tax-efficient ways for your client to give during life is by donating long-term appreciated securities to create a fund at MDCT. Advantages include:
The stock that is given will be used to establish a fund to carry out their goals of giving to the charities they choose. This makes giving easy and effective, because the donor
can make one transfer of stock and then recommend grants to their favorite nonprofit organizations. The nonprofit organizations benefit, too, because when the donor avoids
capital gains taxes, they have more money in their fund for their charitable giving.
To make a gift of stock, please call the Community Trust at 352-383-2150.
Retirement assets are heavily taxed when passed to individuals other than a spouse at death. So, charitable gifts of retirement plan and IRA proceeds have become a popular tax planning strategy. In addition to making IRA Charitable Rollover Gifts during life (QCDs), your client can make their fund at MDCT a beneficiary of their retirement plan assets or IRA. Simply add the Mount Dora Community Trust as a partial or full beneficiary of the retirement asset using the beneficiary update form.
A life insurance policy is an excellent way for your client to make a gift to charity. If they have a life insurance policy that has outlasted its original purpose, you may consider advising them to make a gift of the insurance policy.
Donors can specify a gift in their Will or revocable trust. All assets are retained during life and the donor’s estate may receive a tax deduction for the bequest. The gift is made upon death to an existing fund or to create a new fund at the Foundation.
“I give the following gift ___________________ [A specific dollar amount or a percentage of my estate, Life insurance, Real Estate sales, etc.] to the ________________ [Fund Name] of the Mount Dora Community Trust, a 501(c)(3) tax exempt nonprofit organization (Tax ID 23-7227875).”
