By giving to The Menninger Clinic, you are making an investment that will help provide much needed funding for innovative patient treatment programs
. The power of your planned gift will be magnified many times over, playing a quiet, yet vital role in helping people suffering from mental illness and their families find hope for a better future.
With a planned gift, you can select from several options to make sure your gift fulfills your philanthropic wishes and your financial goals. Your gift can be unrestricted or restricted, it can be made in the present or in the future, and the instrument for your gift can be cash, stock, deferred income or life insurance. When considering these decisions, it’s important to get advice from a professional estate planner, your attorney or tax accountant.
Specific Planned Gift Options
A planned gift is an ideal way to make a commitment now, while fulfilling that commitment at a later date through such devices as a bequest, trust or contract (this approach often results in financial and tax benefits). You can also make a blended gift, including cash now and a planned gift for the future.
Cash Gifts: A cash gift can be as simple as writing a check in support of Menninger. IRS regulations allow you to claim a charitable gift deduction of up to 50 percent of your adjusted gross income. If your giving exceeds that limit, you can carry your deductions forward for up to five years.
Gifts of Securities: Making a gift of appreciated stock or mutual funds can be an excellent philanthropic tool. Even more, it can be a way to reduce your tax burden.
Gift from an IRA: Through the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, you may be able to make a tax-free charitable contribution to Menninger. The act allows individuals 70½ and older to make direct gifts from their IRA account, up to $100,000. The rules that apply to an IRA gift are subject to change by the Internal Revenue Service.
Bequests (Gifts Through Your Will): Through your will, you can make a specific bequest to Menninger or set aside a percentage of your estate as a charitable gift. Bequests of specific non-cash assets are also possible under the Menninger Gift Acceptance Policy. Or, your will can direct that the remaining balance of your estate be set aside for a gift.
Gift of Your Home, Vacation Home, Farm or Ranch: This type of gift is called a retained life estate gift. By making such a gift, you can continue to live in a home you deed to Menninger and can enjoy an income tax deduction. After your passing, your home reverts to Menninger, which will use it to support your charitable wishes.
Another option in this category is an outright gift of real estate, which, in many cases, helps avoid the burden of capital gains taxes. A retained life estate gift must conform to the terms of the Menninger Gift Acceptance Policy.
Life Income Giving: This type of gift instrument includes the charitable gift annuity, the charitable remainder trust, the charitable lead trust and life insurance. A brief summary on each is available upon your request.
A charitable bequest to Menninger can be as simple as a sentence or two in your will or living trust agreement. Your bequest may specify a specific sum, or percentage, of money by stating, “I give to The Menninger Clinic Foundation in Houston, Texas, the sum of $_____________, (or __________ percentage of my estate).”
You may also leave a particular asset by including a statement such as, “I give to The Menninger Clinic in Houston, Texas, _______ shares of XYZ stock.”
Please send a copy of your intentions to The Menninger Clinic Foundation, 12301 Main Street, Houston, TX 77035, Attn: Office of Development.
We invite you or your representative to call Menninger's Office of Development
at 713-275-5180 with any questions. Your gift is deeply appreciated.
The Menninger Clinic is a 501(c)3 nonprofit, charitable organization. Our Form 990 is available on GuideStar. Our Statement of Operations is available here.