Our Legacy Programs
Making Your Will
Thank you very much for your support of our work and for your interest in our Legacy Program. We are honored that you think enough of Miracle Distribution Center to consider including us in your will.
Obviously, the subject of having a will is a very important one. Everyone who owns any property and cares what becomes of that property at death needs a will. Besides providing instructions for distributing assets to family members, providing for dependents and naming a personal representative, a will can also include provisions for remembering worthwhile organizations. You may choose to leave a specific dollar amount or a fixed percentage of your estate to an organization, or you may wish to designate that the organization receive the balance after designated individuals are provided for. In all cases, we recommend that you consult with your attorney before drafting a will.
The following information about our organization may be helpful to you or your attorney in preparing your will: MIRACLE DISTRIBUTION CENTER is our corporate name and we are incorporated under the laws of the state of California. Miracle Distribution Center is on the Commissioner of Internal Revenue's cumulative list of tax-exempt organizations.
The following sentence may be helpful to you in naming Miracle Distribution Center in your will:
"I give, devise and bequeath to Miracle Distribution Center,
with offices located in Anaheim, California, the sum of
$______, to be used for its general purposes as determined
by its Board of Directors."
If you decide to name our Center as a beneficiary in your will, we would appreciate receiving a copy of the will as well as your attorney's name and address, if available.
We thank you again for your interest and support. If we can assist you further, in any way, please contact us.
Charitable Gift Annuities
We are pleased to introduce a new way to support Miracle Distribution Center into the future. Through a charitable gift annuity, donors are able to make a lasting gift to the Center and, in return, receive income for the rest of their lives.
A Glimpse At The Benefits of The Charitable Gift Annuity
The CGA, as it is known, is actually a legal contract between a donor(s) and a qualified charitable institution such as Miracle Distribution Center. This contract has two parts. The first is the backbone of the whole idea: a charitable gift. The second, as the name implies, is an annuity - an annual payment from the charity to the individual(s) making the gift. In short, a donor makes a gift to charity, and the charity agrees to annual payments (for the life of the donor).
Because of the underlying charitable nature of this contract, the donor receives a number of uniquely charitable tax benefits including an income tax deduction at the time the CGA is initialized. In addition, when the CGA is funded with certain types of appreciated assets, there is a partial bypass of applicable capital gains tax and a portion of each income payment is considered to be "return of principal" and is tax-free to the donor.
(The rate for annuity payments is determined by the age of the donor with more senior individuals receiving rates as high as 11.3%.)
Upon the death of the donor, the value of the CGA contract becomes the charitable gift, leaving a lasting statement of the philanthropic intent and the nature of the agreement.
A CGA IN ACTION
If you are age 72 and transfer $20,000 to MDC for a CGA, you would receive guaranteed payments of $1,260 each year, based upon the 6.3% annuity rate for your age. The $1,260 may be paid in one sum each year, or in several installments throughout the year.
Nearly $700 of the income would be tax-free each year, for the next 17.5 years. (After that time, the full $1,260 would be taxable.) In addition, you would be entitled to an immediate charitable deduction of approximately $8,100.
So, a decision to take action today resulting in a gift to charity in the future means that a donor receives tax savings as well as what is often an increase in income and higher overall return on a specific asset -- an unexpected tangible testimony to the fact that in giving you really do receive!
Download our two-page brochure on Charitable Gift Annuities: Page 1 | Page 2
Click the panel below to view our rates for a single life annuity
Charitable Gift Annuity Rates
Approved by the American Council on Gift Annuities on April 2, 2008. Effective July 1, 2008 through June 30, 2009
SINGLE LIFE
| Age | Rate |
|---|---|
| 60 | 5.5 |
| 61 | 5.5 |
| 62 | 5.6 |
| 63 | 5.6 |
| 64 | 5.7 |
| 65 | 5.7 |
| 66 | 5.8 |
| 67 | 5.9 |
| 68 | 6.0 |
| 69 | 6.0 |
| 70 | 6.1 |
| 71 | 6.2 |
| 72 | 6.3 |
| 73 | 6.5 |
| 74 | 6.6 |
| 75 | 6.7 |
| 76 | 6.9 |
| 77 | 7.0 |
| 78 | 7.2 |
| 79 | 7.4 |
| 80 | 7.6 |
| 81 | 7.8 |
| 82 | 8.0 |
| 83 | 8.3 |
| 84 | 8.6 |
| 85 | 8.9 |
| 86 | 9.2 |
| 87 | 9.5 |
| 88 | 9.8 |
| 89 | 10.1 |
| 90+ | 10.5 |
These are rates for a single life. Rates for two-lives are also available.
Request more information by . Please include your name, address, age and the amount you are considering for an annuity, and we will send you a customized proposal outlining the benefits.
These figures are for illustration purposes only. Minimum amount to begin a CGA is $20,000.00. Minimum age to begin payments is 60. Minimum age for a deferred annuity is 45. Available for single life and joint life. We are not able to offer annuities in all states. Please contact us to determine if we can issue them in your state.