Meals on Wheels of Rhode Island Endowment Fund
Did you know that Meals on Wheels of RI has an endowment fund at the Rhode Island Foundation? Our partnership with the Foundation gives us access to professional endowment management. By contributing to our endowment, you charitable giving can benefit Meals on Wheels of RI forever.
Planning Now to Give later
Making a gift from your will or trust is simple. A charitable bequest can be a specific dollar amount, a percentage of your estate, or what remains after other bequests are made.
Charitable Gift Annuities
Charitable gift annuities guarantee you (or someone you name) a certain fixed income for life. At the death of the last annuity recipient, assets will be used to support our endowment.
Life insurance can be used as a charitable asset, thereby enabling you to be eligible for a charitable tax deduction based on the current value of the paid-up policy. Or you can support our endowment by making it the beneficiary of part or all of the insurance proceeds.
Retirement Fund Assets
Donating retirement fund assets from qualified plans or IRAs, upon your passing, are ideal for charitable giving purposes because these assets are often heavily taxed. This option offers an opportunity to avoid income and estate tax.
Qualified Charitable Distribution from IRA During Lifetime
For donors aged 70 1/2 and older, annual lifetime distributions up to $100,000.00 directly from one’s IRA custodian to a public charity (some exclusions apply) are easy to do and those amounts can count toward the donor’s required minimum distribution without the donor having to claim income.
Please contact Meghan Grady at email@example.com to discuss these or other planned gift options. A gift for the endowment may be made to Meals on Wheels of RI directly, with instruction that it be contributed to Meals on Wheels of RI’s fund at the Rhode Island Foundation.