Things To Keep In Mind
This donation page is provided as a convenience to NMA members and for unsolicited contributions from the interested public.
All donations to the NMAF are 100 percent tax deductible to the full extent of the law.
The NMAF has been granted 501-C3 status by the United States I.R.S. The Foundation’s federal tax I.D. number is 39-1951971.
Donors interested in making substantial contributions to the foundation are welcome to designate a particular project they would like to fund.
To discuss the possibility of such a gift, call us at (608) 849-6000 or e-mail firstname.lastname@example.org.
Does your tax preparer need verification that your donations to the NMAF are tax deductible?
When you donate to the NMAF, you will automatically receive a thank you letter for your contribution that will also serve as a receipt for your tax records.
Does your employer match charitable contributions?
Check with your company’s Human Resources Department to make sure. It’s an easy way to double your donation to the NMAF.
Planned Giving Opportunities
Gifts of Stocks, Bonds, or other Securities
Note that significant tax savings are available to those of you who donate appreciated securities. Gifts can include those made electronically through a brokerage account or directly from a mutual fund.
Your car, truck, or recreational vehicle can now be donated to the NMA Foundation. If interested, call us at 608-849-6000 and we will arrange the timely pick-up of your vehicle.
Donors may choose to donate real estate to the NMA Foundation. This type of donation may include either appreciated developed property (personal residences, summer homes, farms, ranches, condominiums, and commercial or industrial real estate) or undeveloped land.
There are multiple different types of trusts, each with its own unique set of guidelines. Trusts can be designed to provide support to the NMA Foundation both during and after your life. Revocable trusts afford a donor the right to alter the trust’s terms or revoke it altogether if it should become necessary. Generally speaking, trusts offer a great deal more leverage and privacy to donors than standard wills. It is best to consult your financial planner or accountant in choosing the type that would be best for you.
Life insurance gifts can take several forms: a paid-up policy, a policy in which the NMA Foundation is named as the beneficiary, or an existing policy where the NMA Foundation is listed as a contingent beneficiary to which proceeds can be paid if the primary beneficiary dies before the insured. A donor is eligible for a federal income tax deduction for the approximate value of the existing life insurance policy that was gifted, as well as tax deductions covering annual insurance premiums thereafter.
Most retirement plans can serve as excellent charitable gifts. Balances remaining at time of death from plans, such as IRA, 401-K or 403b, are subject to both income and estate taxes. If the plan is properly willed to the NMA Foundation, these taxes can be avoided.
For additional information about any of these options, or to ask a specific question, call the NMA at 608-849-6000 or e-mail email@example.com.