Help ensure Mississippians of all ages today and in the future will be inspired by the natural resources of our state. Designating a planned gift to MWFP Foundation is a creative way to give charitably while meeting other personal, family or financial needs.
Charitable Lead Trust
A charitable lead trust is a trust with both charitable and non-charitable beneficiaries. It is called a lead trust because it is the charity that is entitled to the lead interest in the trust property. After a specified term, the remaining trust property passes to a non-charitable designated beneficiary.
Charitable Remainder Trust
A charitable remainder annuity trust, of CRAT, is a trust with both charitable and non-charitable beneficiaries. Every year for the term of the CRAT, the no-charitable beneficiary receives a payment (the annuity amount) from the trust property. At the end of the trust term, the remaining property passes to the charity. For this reason, the charity’s interest is described as a remainder interest.
Life insurance can be an excellent tool for charitable giving. Not only does life insurance allow you to make a substantial gift to charity at relatively little cost to you, but you may also benefit from tax rules that apply to gifts of life insurance.
Including MWFP Foundation in your will or trust gives you the maximum flexibility to continue using your assets during your lifetime.
Sample Bequest Language:
(Please note: Because the requirements for the gift to take effect vary depending on where you reside now or in the future, we strongly recommend that you have appropriate language drafted by an estate planning professional. The language we set out below is merely an example of language that has worked in prior situations, but might not for your circumstances; thus we do encourage you to consult with a lawyer or CPA who can be sure your intentions are given effect as you wish. We thank you again for your generosity.)
“I bequeath _____% of my residuary estate (or $ _____________) to Mississippi Wildlife Fisheries and Parks Foundation, a not-for-profit organization, with its principal office located at P.O. Box 14194, Jackson, MS 39236, for its ongoing conservation, education and recreation purposes.”
For more information, please contact:
Billy Redd, CEO, MWFP Foundation
P. O. Box 14194
Jackson, MS 39236
601-540-5376 – Cell
601-207-7735 – Fax