Wills and Bequests: These are the easiest and most common legacy gifts, and usually involve naming the NCSML as a beneficiary in your will or trust. Types of bequests may include a specific amount or a specific asset, a percentage of your estate or trust, or the balance of your estate or trust after gifts to other beneficiaries have been made.
Charitable Remainder Trust: A legal trust is created providing you and/or your loved one(s) a regular fixed payment for a specified period of time or for life. Income, capital gains, and/or estates taxes can be reduced or eliminated. At the conclusion of the period of time, or upon your death, the remaining assets within the trust transfer to the NCSML.
Charitable Gift Annuity: This is similar to Charitable Trusts, but simpler. With a charitable gift annuity, you transfer cash or marketable securities to the NCSML and, in return, the NCSML issues an annuity contract to pay a fixed payment for life to you and/or your beneficiary. Upon your or your beneficiary’s death, the fund transfers to benefit the NCSML.