A legacy gift is a way to support Mount Madonna’s work now and into the future by including the organization in your long-term charitable giving or estate plans. These gifts help ensure the continuity of our mission for generations to come.
There are six primary ways to make a legacy gift to Mount Madonna:
- Will or Trust
Making a gift to Mount Madonna in your will or living trust is easy to arrange. Your gift is revocable and remains under your control during your lifetime. You may leave a specific amount, property, or percentage of your estate to Mount Madonna.Sample Language for a General Unrestricted Bequest:
“I give to Advaita Society/Hanuman Fellowship dba Mount Madonna Center (Federal Tax ID: 51-0174679), a nonprofit corporation currently located in Watsonville, California or its successor thereto, _________ [written dollar amount or percentage of the estate or description of property] for its unrestricted charitable use and purpose.”
- Retirement Plan Beneficiary
Name Mount Madonna as a beneficiary of retirement accounts such as an IRA, 401(k), or 403(b). - Life Insurance Beneficiary
Designate Mount Madonna as a beneficiary of your life insurance policy. To deduct premium payments, you must name Mount Madonna as both owner and beneficiary of the policy. - Donor Advised Fund Beneficiary
Name Mount Madonna as a full or partial beneficiary of your donor advised fund. - Charitable Gift Annuity or Charitable Remainder Trust
Establish a charitable gift annuity (CGA) or charitable remainder trust (CRT) that provides income for you, often through fixed payments for life, while supporting Mount Madonna after your lifetime. - Property
Donate appreciated real estate or other property.
Additional details about each legacy giving option are available on the Frequently Asked Questions page, or by contacting Andy Tompsett, Philanthropy Director.
We encourage you to seek professional advice when considering a legacy gift, and we are happy to collaborate with you and your advisor to explore options that align with your intentions.
If you include Mount Madonna in your plans, please use the following information:
