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Motlow College Foundation
The Motlow College Foundation is a 501c(3) non-profit organization that serves to offer scholarships, support programs and maintain first-rate facilities that will allow students of Motlow College the opportunity to pursue careers in their program of choice. The Advancement staff at Motlow is happy to assist you with your desired giving arrangements:
- Providing planned gifts that benefit you and your family
- Bringing immediate and deferred tax advantages to both you and your heirs
- Having a meaningful impact on the students of Motlow College, beyond your own lifetime and far into the future
If you have any questions concerning this information or want to speak to someone directly about how you can help the Motlow Foundation, please feel free to contact Lane Yoder, Foundation Director (931) 393-1692.
Remember Us in Your Will
Whether through a new will or a codicil, be exact with your intentions when including Motlow College Foundation in your will.
It is important to identify Motlow College Foundation precisely. By avoiding generalities in naming our charity, you alleviate confusion or possible litigation and help ensure that your donation helps others.
The sample bequest language for Motlow College Foundation is:
"I give to Motlow College Foundation, Lynchburg, TN, Tax ID number 23-7450071 [written amount or percentage of the estate or description of property], income and principal to be applied in its discretion for its general uses and purposes."
If you would like to restrict the gift to a particular purpose, please contact the advancement office so that we can discuss appropriate language. In any case, the language for a restricted gift should include the following sentence:
"If it shall at any time be impractical to apply this gift as I have directed, Motlow College Foundation shall have the discretion to apply this gift to other needs identified by the College which conform as closely as possible to my intent."
Safeguarding your plans - Although it is not required, making us aware of your bequest is very helpful. By informing us now of your wishes, we can recognize you for your thoughtful generosity and make certain we can use your gift for the purpose you intend. In addition, we have special ways of recognizing people who have named us in their wills.
Common Planned Giving Vehicles
Learn how to help others and Motlow College by using one of the most popular and simplest ways to make a gift by Will.
Continue supporting our work even after your lifetime by naming us as a beneficiary of your retirement plan, life insurance or insurance annuity assets.
Charitable Remainder Trusts
In the right circumstances, this plan can increase income for you and/or a loved one, reduce your taxes, unlock appreciated investments, rid you of investment worries and ultimately provide very important support.
Give Your Home, But Live There for LifeFind out how you can make a gift to Motlow College Foundation of a remainder interest in your home, receive sizable tax benefits now and continue living in your home for the rest of your life.
Charitable Lead Trusts
Make a donation now while reducing the tax burden for your heirs in the future.
Common Gift Assets
CashMaking a donation of cash is as simple as writing a check or authorizing a charge on your credit card. From your standpoint, it's no fuss, no bother. Find out how Motlow College Foundation can put your contribution to work without delay.
Stock that has increased in value is one of the most popular assets used for charitable giving, once it has been held for a minimum of a year. Making a gift of securities to us offers you the chance to help our organization while realizing many important benefits for yourself.
Retirement Plan Assets
If you're like many Americans, your financial future will likely revolve around your retirement plan assets. To maximize the value of a retirement account, consider making a gift via your will/named beneficiary to Motlow College Foundation.
Savings bonds-likely the nation's most widely held appreciated asset-represent major assets that may have stopped growing and are now collecting dust, just waiting to be put to use. A tax-wise use for your appreciated savings bonds is to support a cause you care about.
Using real estate, such as your house, farm or commercial property, to fund a gift allows you to preserve your cash assets and receive significant tax advantages. Please contact the Foundation for information about donating Real Estate.
A gift-in-kind is a gift of anything to Motlow College Foundation (goods or service) other than money.
Closely Held Stock
A donation of your closely held stock can be a fine way for you to make a sizable charitable contribution while realizing valuable tax benefits.
Donating your life insurance could be a wonderful way to fulfill your desire to support our work. By making Motlow College Foundation the beneficiary of an existing policy, you make good use of your resources and expand your ability to make a significant gift. This will also remove the amount of the policy from your estate should it be subject to an inheritance tax.
NOTE: To take advantage of possible tax benefits, please be sure that all gifts are directed to "Motlow College Foundation".