Planned
Giving

You leave a lasting legacy to be remembered; you lessen the burden of taxes on your family; you may receive estate and/or income tax savings
and, in the case of MKBC, you can help ensure the sustainability of the region’s blood supply into the future.

A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift be made to family, friends, Miller-Keystone Blood Center or another of your favorite non-profit entities as part of your estate plan.

A bequest can be made in several ways:General gift: You can gift a specific amount of money or a percentage of your estate that should go to your preferred non-profit, hopefully in this case, MKBC.Residual gift: You can designate how much of your estate should go to each of your other beneficiaries, and then send anything remaining to your preferred non-profit.

There are several other considerations like:
Beneficiary designation of certain assets or naming a charity as your beneficiary: You can name a charity as a beneficiary on certain assets like a life insurance policy or retirement account. Most life insurance providers let you customize what percentage of a life insurance payout goes to each beneficiary, so you can split the assets among several individuals and/or organizations. Using a portion of a retirement account, such as an IRA or 401(K) may be beneficial because MKBC receives the asset tax free, whereas an individual beneficiary would receive taxable income.

Make decisions about what charitable entities you want to support, including the type of bequest you would like to make.
Make an appointment with your attorney or estate planner to discuss your options and goals.
Prepare a Declaration of Intent and share with MKBC. A Declaration of Intent is not a legal or binding document, and is an optional step for you, but it can let MKBC know of your intentions to make a future gift.

Prepare the appropriate legal documents that indicate your wishes with legal and financial professionals.
Contact MKBC Development Office to discuss your gift, and provide Development staff with a verbal commitment (non-legal), a copy of a Declaration of Intent (non-legal) or the relevant provision from your will or trust (legal) benefiting MKBC.