Different types of planned gifts

Bequests and estate plan gifts

A bequest is a gift from your estate—a transfer of cash, securities or other property made through your estate plans. You may make a bequest by including a provision in your will or living trust, or by naming Mennonite Central Committee as a beneficiary of a retirement plan or life insurance policy.

Life income gifts

A life income gift allows you to give assets to Mennonite Central Committee while providing yourself or others with income for a period of time before MCC is permitted to use your gift. You may make a life income gift by transferring securities, cash or other property to a trustee who then manages the investment of the assets and pays an income to you, your designated beneficiaries, or both. Types of life income gifts include:

  • Charitable gift annuity
  • Pooled income fund
  • Charitable remainer trust
  • Charitable lead trust

MCC can be designated as a beneficiary of the gifts listed above. Many of these options defer taxes while you live and may decrease the amount of any estate taxes your beneficiaries might incur.

As you consider making a planned gift, MCC staff are happy to work with a wide range of financial advisors, legal counsel and/or a foundation. We particularly recommend Abundance Canada (formerly Mennonite Foundation).