Planned gifts are a meaningful way to have a significant impact on the MAA's future, while maximizing your philanthropic and financial goals. Planned giving takes many forms, a few examples of which are bequests, gifts of life insurance, and charitable remainder trusts. Legal counsel, or a financial planning expert, is recommended to assist you in determining how best to make the type of gift that is the most tax advantageous for you and your estate's beneficiaries.
Bequests are the simplest form of planned gift and can be made by naming the MAA as a beneficiary in your will. This can be done by including language such as "I give and bequeath to The Mathematical Association of America located at 1529 Eighteenth Street, N.W., Washington, D.C. 20036 an unrestricted gift of $xx,xxx"..., or you may wish to make a gift of some percentage of the remainder of your estate after all expenses are paid.
You can name the MAA the beneficiary of a life insurance policy which is no longer needed for its original purpose. The MAA can also be made one of the beneficiaries of an active policy. If you have a policy which pays annual dividends, you can assign those dividends as a charitable gift to the MAA and receive an income tax deduction for the value of the dividends. You may also transfer ownership of a policy to the MAA and then deduct any premiums which you continue to pay. Insurance policies can also be used for wealth replacement purposes when you make a substantial outright gift or a deferred gift. Check with your legal counsel or financial advisor.
With the assistance of a lawyer, you may wish to establish a Charitable Remainder Trust which can provide you with income for life with a gift to the MAA upon death or termination of the trust.
Make the Future of the MAA your Legacy
Become a part of the Continuum Society
The Continuum Society recognizes individuals who have named the MAA in their will. Planned gifts to the association have provided essential funding for Project NExT, awards and prizes at annual meetings, and critical unrestricted support for the MAA's ongoing needs.
If you are considering this meaningful way to support the MAA, we would like to recognize your generosity and ensure the intent of your gift is on record.
Please call Lyn Soudien, Director for Development, at 202-319-8497 or firstname.lastname@example.org to notify us about your planned gift and to be recognized as a member of the Continuum Society.
Please note that the MAA cannot render tax or legal advice and we urge you to consult with your professional advisor about your situation before making a charitable gift.