Legacy Giving

Making a planned gift through your estate leaves a lasting legacy of care and makes a great impact on Memphis Union Mission’s ability to minister to homeless, hungry men, women, and children.

Thankfully, you don't have to have a large estate to make such a gift, and there are a variety of ways to make a legacy gift to the Mission, including:

Bequest Through Will: Making a bequest to Memphis Union Mission through your will is relatively easy. Here are some ways you can make a bequest to the Mission, including sample language:

  • Bequest of Residue: "I leave all (or _______%) of the rest, reside, and remainder of my estate, whether real or personal, and whatever located, to Memphis Union Mission, 383 Poplar Ave., Memphis, TN  38105-4505  for its general purposes and directives as determined by the Board of Directors."
  • Specific Bequest: "I leave Memphis Union Mission, 383 Poplar Ave., Memphis, TN  38105-4505 $_______ for its general purposes and directives as determined by the Board of Directors."
  • Designation of Beneficiary of Life Insurance Policies or Pension Plans (IRA, Other Retirement Plans, etc.): "I hereby designate Memphis Union Mission, 383 Poplar Ave., Memphis, TN  38105-4505 as recipient of $___________ or_________% of the proceeds of my [insurance policy] or [retirement plan]."
  • Gift of Real Estate by Will: "I leave to Memphis Union Mission, 383 Poplar Ave., Memphis, TN  38105-4505 the real property described as follows: [property description]"

Gift of Life Insurance: Make the Mission a beneficiary on part or all of your life insurance policy. You can receive a tax deduction for the value of the gift, reducing your income tax liability the year of the gift.

Retirement Account: You can receive estate tax savings when you designate Memphis Union Mission as a beneficiary.

Gift of Appreciated Stock, Bonds or Mutual Funds: Avoid capital gains taxes and receive a tax deduction for the value of your gift for up to 30% of your contribution base. Bonds and mutual funds are similar to appreciated stock in their tax treatment. All State, municipal and U.S. government bonds are welcome.

Charitable Remainder Trust—Select the rate of return from these income arrangements and choose a fixed or fluctuating annual payment. Capital gains taxes can be avoided and you’ll receive a deduction based on the age of the income recipient and the rate of return.

Charitable Lead Trust—Transfer your assets (cash or securities) to a trust that will pay income to Memphis Union Mission for a specified amount of time. At the time period’s end, the trust terminates and the assets are given to whoever you name. Your income tax deduction will be based annually on payments made to the Mission.


Personal financial property record

Memphis Union Mission is pleased to offer a personal financial property record as a free download. 

This document will help you take inventory of your financial assets as you consider your estate plans and as you prepare to meet with your attorney or tax advisor.

Personal Financial Property Record

For more information about legacy giving, contact Steve Carpenter at (901) 526-8403, ext. 2009.

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