The M&M Area Community Foundation (MMACF), in recognition of the one-year anniversary of the establishment of its Standing Legacy Society is excited to share with the community that it has obtained several significant estate commitments and is pleased with the reception the Standing Legacy Society has received.
“While we are not at liberty to disclose the details of any individual contribution, we are pleased that several of the commitments have come from families and individuals whose relationships and appreciation for this area will likely inspire others to do the same,” said Paula Gruszynski MMACF Executive Director.
Gifts to the Standing Legacy are endowed so that they have a permanent impact on our communities. Planned gifts can establish new funds or strengthen existing ones. Planning an estate gift allows donors to strategically accomplish both financial and charitable objectives. For many, these include preserving the family name, honoring loved ones, providing for heirs, minimizing tax burdens and supporting the community they call home.
“The Standing Legacy Society is a way of acknowledging a donor’s commitment to the future,” Gruszynski said. “Making a legacy gift reflects the ongoing commitment to the community and the causes valued most by the donor. It enables a person to act on their convictions and make a difference for years to come. We find this is a very important option for individuals since often, these meaningful gifts go unrecognized because they come at the end of a donor’s life.”
“We established a scholarship fund several years ago to honor our son’s memory because we know kids need a boost to afford college. After seeing the good that the M&M Area Community Foundation was doing, we decided to include them in our will. The work they are doing impacts so many lives throughout Marinette and Menominee Counties. We have left money for our two daughters and were happy to find a way to recognize our son in our estate plans by helping the people in the area we call home,” stated Grace Mundt, Standing Legacy Society member.
Financial or legal advisors can provide professional guidance related to specific estate, beneficiaries, income goals, taxes and other considerations. Bequests to the Community Foundation are exempt from estate taxes.
When the individual notifies the Foundation of the gift, the donor is automatically eligible to become a member of the Standing Legacy Society. The Foundation provides confidential philanthropic services to prospective donors and their professional advisors, without pressure or obligation. Giving a legacy gift is a simple way to make a difference. For more information, call the Community Foundation at 906-864-3599.
