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Endowment
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About MAZON’s Endowment
Launched in 2000, the Endowment was started by Dr. David Altman, a passionate MAZON supporter, who was dedicated to ensuring that MAZON’s critical hunger-relief work would continue for generations to come.
Determined to shine a light on MAZON’s anti-hunger
efforts, Dr. Altman embarked on a bike ride across
the United States, attracting sponsors along the
route. In addition to raising several hundred thousand
dollars, Dr. Altman’s concern about hunger
in the United States and abroad raised the consciousness
of thousands of people who subsequently became MAZON
supporters.
MAZON is a grassroots organization that must raise every dollar it spends to fight hunger. The Endowment creates a trust fund that generates interest; that interest helps defray MAZON’s operating expenses, which in turn allows MAZON to concentrate its energies on its vital hunger-relief mission.
Support the MAZON Endowment to ensure ongoing assistance to hungry people and receive personal benefits at the same time:
- Enjoy significant current tax savings;
- Avoid capital gains taxes;
- Increase your current disposable income;
and
- Make a major gift to MAZON and still pass assets to your heirs.
Types of Gifts to the Endowment:
You should check with your tax or legal advisor to confirm the anticipated tax benefits to you and/or your estate.
- Cash, Securities and Real Estate: Cash, readily marketable securities – particularly appreciated securities – and real estate generate immediate income for MAZON. This is the most direct and effective gift to either MAZON or the MAZON Endowment.
- Life Insurance: You may name MAZON as beneficiary or contingent beneficiary of a life insurance policy or, if you transfer ownership of the policy to MAZON, you may receive an immediate income tax deduction equal to the policy’s cash value as well as tax deductions for the premiums you pay thereafter.
- Wills and Bequests: The donor has the use and enjoyment of the intended gift during the donor’s lifetime. At death, the gift passes to the MAZON Endowment and results in an estate tax charitable deduction.
- Charitable Remainder Trust: Charitable remainder trusts offer excellent opportunities for donors to make gifts of appreciated assets, while retaining the right to receive a percentage of the value of the assets during their lifetime and, if desired, the lifetime of their spouse. The value of MAZON’s future right to receive the assets of the trust will be an income tax charitable deduction after the designated lifetime.
For more information on giving to the MAZON endowment, contact us. |
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