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Bequests

MAB’s Legacy Society believes in better tomorrows.  The generous donors have left bequests or created endowed funds to support MAB programs in perpetuity. These donors are specially recognized for their visionary decision to leave a philanthropic legacy that will benefit their neighbors and communities for decades and centuries to come.

Bequests

Bequests are used to support special initiatives and to build our endowment. Bequests make it possible for MAB to invest in new programs, create innovative solutions to emerging problems, and sustain current services.

Thank you for supporting our mission and our future.

To make a bequest to MAB Community Services, please include the following language in your will:

I give, devise, and bequeath to MAB Community Services the sum of _____________ (or otherwise describe the gift or specify a percentage of the estate).

There are three ways to make a bequest:

  1. Specific Bequest: You designate a specific dollar amount, specific percentage, or specific property to MAB Community Services.
  2. Residual Bequest: Your estate will pay all debts, taxes, expenses, and specific bequests. The remaining amount — the residual — will be transferred to MAB Community Services.
  3. Contingent Bequest: You can ask that MAB Community Services receive all or a portion of your estate only under certain circumstances. For example, you can name MAB Community Services as a beneficiary of your estate only if there are no surviving close family members. Childless couples sometimes provide for the entire estate to go to the surviving spouse, or if the spouse does not survive, to MAB Community Services.

Please consult with your own tax, legal, or financial planning advisor for more information.

Planned Giving

There are many options for planned giving. Often, a donor makes a major gift to a charity under an arrangement that provides a tax deduction and a continuing source of income for the donor. At the end of the donor’s life, the charity receives the remainder of the gift.

Your financial advisor can provide you with advice and detailed information about these instruments. If you want to discuss a planned giving opportunity with MAB, please contact the Advancement office at 617-732-0241 or lalpert@mabcommunity.org.

Thank you for considering MAB as you plan for the future.