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Bequests

A bequest allows you to make a significant contribution to IMA upon your death, while providing your estate with a charitable tax deduction. A charitable bequest can be a gift of a specific amount, a percentage of the net estate after the payment of all expenses, or "the residue of the estate" - the amount that is left after all other bequests are made to family, friends and other charities. Unless the bequest is designated for a specific purpose, it will be used as determined by the IMA Board of Directors.

Here is suggested language for remembering IMA World Health in your will or trust:

I give and bequeath to IMA World Health of P.O. Box 429, New Windsor, Maryland, a non-profit corporation existing under the laws of the State of Maryland, [the sum of $_________] [ _________percent of my estate] "all the rest, residue and remainder of my estate." (a specific purpose can be designated here.)

Charitable Trusts

Creating a charitable trust means that you are setting aside cash, securities or property that generate interest for you. After a specified period of time, or after you die, IMA receives the principal. Benefits of charitable trusts include:

• You avoid capital gains tax on the donated assets.
• You receive an income tax deduction for the fair market value of the remainder interest in the asset.
• The asset is removed from the estate, thereby reducing subsequent taxes.

IMA can participate in two types of charitable trusts:

• A Charitable Remainder Annuity Trust, which pays a fixed dollar amount annually.
• A Charitable Remainder Unitrust, which pays a fixed percentage of the trust's value annually.

Life Insurance

There are three ways to make a contribution to IMA using a Life Insurance Policy

• You can transfer policies no longer needed by your family to IMA, and receive a current income tax deduction for the approximate cash value of the policies.
• You can make IMA the owner and beneficiary of a policy while continuing to pay the premiums. You will receive an income tax deduction for the amount of the premiums you pay.
• You can make IMA the Contingent or Final Beneficiary in case your primary beneficiaries predecease you.

Retirement Plans

Naming IMA a full or partial beneficiary of your retirement plan prevents paying income and estate taxes at death. If you leave IMA a percentage of your retirement assets, your estate will be reduced for tax purposes for the donated amount.

Charitable Gift Annuity

Gift annuities offer a way to make a significant financial contribution to IMA while accomplishing your personal financial goals. Here are some of the benefits:

• Lifetime income at fixed rates based on actuarially calculated life expectancy for one or two lives.
• A tax deduction for a portion of the gift.
• Reduction and deferral of capital gains taxes if appreciated securities are used.
• A portion of your annuity payments may be tax-free for a number of years.

How a gift annuity works:

1. You make a one-time donation of at least $10,000 in cash or appreciated securities to IMA World Health.
2. IMA World Health pays one or two people of your choice a fixed amount each year for life. These payments may be quarterly or semi-annual payments, and may be immediate or deferred to a later age.
3. You may take an immediate tax deduction for the part of the donation that is considered a charitable gift. In addition, the annuity payments may be partially tax free during the annuitant’s life time. You can also bypass capital gains taxes with donations of appreciated securities.
4. At the death of the annuitant, IMA World Health receives the benefits of the principal balance remaining from your initial donation.

For more information on planned giving, please call IMA World Health toll free at 410-635-8720 or (toll free) 877-241-7952, or email imainfo@imaworldhealth.org.