The MCC Legacy Society
The lasting impact of bequests - both large and small - have helped shape MCC today. For many alumni and friends of MCC, a charitable bequest is the easiest and best way to make a gift to the College. By means of your will or other estate plan, you can name MCC as the beneficiary of a portion of your estate, or of particular assets in your estate. Many of the most powerful gifts with an enduring impact have been bequests.
There are many reasons to make a bequest. A bequest allows you to honor a loved one, while providing critical support to the College through a scholarship fund, or another fund underwriting research and teaching.
Giving by bequest costs nothing now, yet it may give you a great deal of satisfaction to know that your future gift will live on.
Types of Bequests
MCC receives a specific dollar amount from your estate.
Bequest of Property
MCC receives specific assets, such as securities, real estate, or tangible personal property (for example, works of art or antiques).
MCC receives all or a percentage of the remainder of your estate after the payment of any specific bequests and expenses.
MCC is designated as a beneficiary of the remainder of your IRA or qualified pension or profit-sharing plan.
Gifts That Pay You Income
You can establish a MCC-managed trust or annuity through a bequest. This enables you to arrange for a tax-wise gift to pay income to your spouse, children, or other beneficiaries for life or a term of years, after which the assets pass to MCC.
A lead trust can be established through a bequest. MCC receives income for a term of years from the trust, after which the assets pass to your beneficiaries, often at a much-reduced tax cost.
The MCC Legacy Society
The Legacy Society recognizes those donors who are honoring Metropolitan Community College in their final wishes. They have strong ties to the College and want their legacy to continue. Legacy Society members have an everlasting impact on students who attend MCC. There are no levels in the Legacy Society. Membership belongs to people who provide required documentation to the MCC Foundation of a planned gift, including:
- provision in their will or revocable trust,
- life income gift (charitable gift annuity, charitable remainder trust or charitable lead trust),
- retirement plan
- life insurance policy beneficiary designation, or
- life estate gift (remainder interest in real property).
We can assist you with a customized proposal that looks at which planned gift best meets your philanthropic and financial goals. If you are planning to designate MCC in your will, our official bequest language is:
"I, [name], of [city, state, ZIP], give, devise and bequeath to the Metropolitan Community College Foundation, Federal Tax ID # 51-0181875, [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
Recognition is up to you whether you prefer publicity, invitations to events or wish to remain anonymous.
Establishing an Annual or Endowed Scholarship
Do you want to make a difference in someone's life? Prepare Kansas City's future workforce? Support a Metropolitan Community College scholar! You can fund a scholarship in your name, the name of your business or in honor or memory of a loved one. Learn more about how to create a scholarship by clicking here.