Donate

A simple and versatile way to help us continue advocating for access to clean energy for all Missourians is through a gift in your will or living trust, known as a charitable bequest. By including a bequest to Renew Missouri in your will or living trust, you ensure that we can continue to advance clean energy advocacy in Missouri. Below is suggested language to use when drafting your bequest.

“I give, devise and bequeath to Renew Missouri, a Missouri nonprofit corporation and a qualified 501(c)(3) organization, located in Columbia, Missouri, Federal Tax ID Number 81-3229949, the sum of __________ (or % of my estate), (or other personal property herein described) to be used for its general programs in advocacy, education, and outreach as it shall determine.”

Establishing a charitable gift annuity with Renew Missouri allows you to provide a gift to the area of your choosing while also receiving fixed payments for life. You can also qualify for a variety of tax benefits depending on how you fund your gift.

If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.
Now you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $50,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.

This type of trust provides you, or other named individuals, income each year for life or a period not exceeding 20 years from assets you give to the trust you create. At the end of the trust term, the balance in the trust goes to Renew Missouri. These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:

– The annuity trust pays you each year the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.

– The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

Securities and mutual funds that have increased in value and been held for more than one year are popular assets to use when making a gift.. A gift of securities or mutual funds offers you the chance to support our work while realizing important benefits for yourself.

When you donate appreciated securities or mutual funds in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer. Securities are most often used to support our work in the form of:

a) An outright gift: When you donate securities to Renew Missouri, you receive the same income tax savings that you would if you wrote a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20%.

b) A transfer on death (TOD) account: By placing a TOD designation on your brokerage or investment account, that account will be paid to one or more persons or charities after your lifetime.