How your gift today can
help tomorrow’s leaders
The MPI Foundation funds
research, thought-leadership and
education to advance the global
meetings and events industry.
Contributions from MPI members,
chapters, and organizations are
invested in high-impact programs
to support a rich, global meetings
and events industry and provide
investment into the future of the
meetings and events profession.
Founded in 1984, the focus of
the Meeting Professionals
International Foundation (MPI
Foundation) is to support the
vision and mission of Meeting
Professionals International (MPI),
the meetings and events indus-
try’s largest and most vibrant
global community comprised of more than
24,000 members representing 70 chapters
worldwide. MPI provides members op-
portunities for success through meaningful
connections to innovative knowledge, rich relationships
and abundant marketplaces.
The MPI Foundation has raised more than $13 million
and re-invested those funds back into relevant program-
ming, projects and services, which benefit the global
meetings and events industry. Events such as Rendez-
vous and Blackjack are very important fundraising tools
for the MPI Foundation and provide thousands of dollars
annually. Last year, the MPI Foundation invested nearly
$1.7 million at the industry, chapter and individual levels
through grants, scholarships and major research proj-
What Is Planned Giving? Why do I need a will?
Planned giving encompasses a variety of philanthropic strate- Creating a detailed will is critical to ensuring that your estate will
gies that help you provide for charity through your estate plan continue to yield benefits to your family and to the organizations
or by gifts made today while also advancing your own financial that are important to you and in line with your wishes.
and personal objectives.
How do I name MPI Foundation in my will
How do I benefit from a planned gift? and/or living trust?
Planned gifts can yield benefits such as:
To name the MPI Foundation in your will, you can contact the
• Ability to make a significant gift to the MPI Foundation in line
MPI Foundation Office of the Executive Vice President for
with your objectives
further details and recommended language.
• Income for life
• Expert management and investment diversification from
Harvard Management Company How do I name MPI Foundation as a
• Savings on income and capital gains taxes beneficiary in my retirement plan?
• Savings on gift and estate taxes Leaving your retirement plan or IRA (or a portion of it) to the
MPI Foundation is a tax-wise gift. Naming MPI Foundation as
What can I give? the recipient of your retirement plan after your lifetime (or at the
Donors frequently think their only option is to make an outright death of the survivor of you and your spouse) avoids all estate
gift of cash to their charity or education foundation of choice. and income taxes on the plan assets.
While this is a positive way to make your charitable gifts, there
are a number of other ways for you to donate to charity. Plan- To make this gift, you can simply notify your plan’s administrator
ning your gifts is a way for you to take advantage of the tax, of your wish to change the beneficiary. A “change of benefi-
financial, and estate planning benefits of philanthropy. ciary” form will be required. In some states if you designate that
your qualified retirement plan come directly to MPI Foundation
A planned gift can be made with almost anything: cash, stocks, at your death, your spouse may need to sign consent to the
bonds, mutual funds, real estate -- even property such as designation.
artwork and royalties. Please contact the MPI Foundation office
if you have questions about a possible donation. If your spouse and children are currently the beneficiaries of
your retirement plan, you can continue to keep them as benefi-
How do my heirs benefit? ciaries, and also include MPI Foundation as the beneficiary of
Your heirs can benefit tremendously from a planned gift. For a portion of the plan. Upon your death, the plan administrator
instance, you can design a gift to pay income for life to you can “cash out” MPI Foundation’s share of the account without
and your spouse. Also, a planned gift can reduce your estate affecting your family’s portion of the account, so that MPI Foun-
tax liability. The assets that you transfer to the MPI Foundation dation and your heirs benefit from your retirement savings.
remain outside of your taxable estate.
What about my children and grandchildren?
You can tailor your planned gift options to benefit your children
PLANNED GIVING VEHICLES
The MPI Foundation Planned Giving Program offers
and grandchildren. In addition, by involving your family in your
gift, you can teach your children and grandchildren about your numerous vehicles to leave that legacy:
philanthropic values, and transfer those values to future gen-
The most common planned gift is a bequest: the leaving of a
How does MPI Foundation benefit from a charitable gift by a donor through a will. A donor may give a
specific dollar amount, a specific piece of property
planned gift? or other asset, a fixed percentage of the assets passing
Your gift can make a significant impact on the MPI Foundation
through the estate, or a donation of the residue of the estate
now and/or in the future, and you can choose to direct your
after making provisions for family and other close individuals.
gift to aid a specific project. One of our planned giving experts
can assist you with the designation and legal language for the
project(s) that you would like to support.
Gifts of Appreciated Property
Real estate holding, stocks, bonds, and other similar assets
What does MPI Foundation Management grow in value. When the owner sells those assets, generally a
tax is due on any capital gain that such a sale provides. If that
Team do? asset has been held for a year or more, an individual who do-
MPI Foundation Office manages the MPI Foundation endow- nates that asset rather than selling it may take a tax deduction
ment and the life income plans and trusts that are donated to based on the current value of the asset and also avoid paying a
the MPI Foundation. Performance figures and other information capital gains tax on the asset growth.
are available from the MPI Foundation management team.
Life Insurance Charitable Lead Trust
Perhaps you have a fully paid up life insurance policy, the A donor may create a trust providing income for a charitable
purpose of which is no longer necessary or applicable to your purpose for a given time. Upon completion of that time period
current circumstances. One may donate this policy by naming the trust can then be transferred to heirs or other individuals
the MPI Foundation as the beneficiary. Such a gift provides the with little or even no estate or other related taxes due.
donor with several income tax benefits as well as furthering the
mission of the MPI Foundation. Revocable Living Trust
The use of a Revocable Living Trust enables a donor to make a
gift of real estate, unities, cash, or other assets, knowing that all
Charitable Remainder Trust or part of the gift may be returned upon request.
Charitable Remainder Trusts allow a donor to contribute assets,
while providing the donor and/or other beneficiaries with pay-
ments for a specified length of time, even a lifetime. Once that
time period ends, the assets transfer to the MPI Foundation.
Two types of Charitable Remainder Trusts exist. A Charitable
Remainder Annuity Trust pays a fixed rate of return to the ben-
eficiary of the trust. Once established, additional contributions
cannot be made. A Charitable Remainder Uni-Trust pays a very
low rate of return; the rate of that return is recalculated annually.
Again, once that period of time has passed, the assets of that
trust pass to the MPI Foundation.
Goals and Benefits
Your Goals Your Strategy Your Benefits
Maximize your deduction; minimize the gift Use cash to make your gift to MPI Founda- Claim your deduction against a larger
details tion portion of your adjusted gross income
and make an immediate impact on MPI
Afford a larger gift to MPI Foundation – and Give appreciated stock or bonds held over Buy low and give high – make a gift that
avoid capital gains liability one year costs you less than the benefit it delivers
to MPI Foundation, while avoiding capital
Make a gift for MPI Foundation’s future that Put a bequest in your will (cash, specific Today – a gift that costs you and your
doesn’t affect your cash flow or portfolio property, or a share of the estate residue) family nothing. Tomorrow – an estate tax
Retain income benefits from the assets Make a contribution to MPI Foundation’s Receive income for your lifetime; receive
you give to MPI Foundation – thus afford a pooled income fund. Create a charitable a charitable deduction; diversify your
larger gift gift annuity or a charitable remainder annu- holdings
ity trust or unitrust
Reduce high tax liability now; gain addi- Establish a deferred gift annuity A larger deduction and a higher income
tional income later rate than other life-income gifts offer
Tap one of the most valuable assets in your Use real estate to make your gift to the MPI Avoid capital gains tax, receive an
portfolio to make a gift to the MPI Founda- Foundation income tax deduction – and have the
tion option of a gift that does not affect your
Reduce gift and estate taxes and control Contribute the partnership interest or Avoid capital gain liability, receive an
the timing of passing assets to your chil- closely-held stock to MPI Foundation income tax deduction, and utilize a gift
dren and grandchildren asset you may have overlooked
Locate an overlooked asset that you can Name MPI Foundation as beneficiary of Eliminate income tax on retirement plan
easily give to MPI Foundation your retirement plan; leave other assets to assets; free up other property to pass to
family your heirs
GLOSSARY OF TERMS Life Income Trust
A plan whereby gift assets are placed in trust for the lifetime
Annuity benefit of an income beneficiary, with the remainder going to
A contract, legal obligation, to pay specified amounts over a another beneficiary.
specified period of time to a specified individual (s) in exchange
for cash, securities, or other tangible property Personal Property
Tangible – jewelry, artwork, antiques, clothing.
Beneficiary Intangible – stocks, bonds, notes, patents.
One named in a Will, Trust or other legal document to receive
an interest in an estate. Probate
The process of providing a Will’s validity; used loosely to mean
Bequest the administration of an estate.
A direction in a Will to pay over or distribute personal property.
Also called a Legacy. Real Property
Includes land, buildings, and items attached in a relatively per-
Estate Tax manent manner, such as escalators and light fixtures.
A tax on the net value of property subject to tax (“taxable
estate”) plus the sum of “adjusted taxable gifts” at the time of a Remainder
person’s death. It is based essentially on the right to transfer or The amount remaining in a trust after income payments have
transmit. ended. A remainder is vested when payable to a designated
beneficiary, or to a class of beneficiaries whether or not living at
Gift Tax the termination of the trust. It is contingent when dependent on
A tax on the donor of inter-vivos gifts (those made during life), some occurrence or event to take place in the future.
based on the right to transfer or transmit, and payable primarily
by the donor. Revocable Trust
A trust that can be changed or dissolved at any time by the
The creator of a trust or other legal instrument.
Gross Estate A trust established through the Will of a grantor.
Everything in which the deceased person owned an interest in
at the time of death. It embraces such items as life insurance, Testate
or partial interests in joint property, and transfers intended to Dying with a valid Will.
take effect at or after death, or when the power to change the
enjoyment of the property has been retained. Trust
An arrangement whereby property is held by an individual or
Insurance Trust institution for the benefit of others.
A trust consists of life insurance policies or proceeds.
Funded Insurance Trust – A trust to which other property is Party legally responsible for carrying out the terms and perfor-
transferred to be used, with the income, for the payment of mance of a trust.
Unfunded Insurance Trust – A trust which contains no fund A legal instrument disposing of a person’s property at the time
for payment of premiums. of his or her death.
A trust that cannot be changed or dissolved.
Note: This material is for reference only and is not intended
Legacy nor should it be anyway a substitute for professional tax, finan-
A disposition of personal property by a Will cial and legal advice. By providing this information, the MPI
Foundation does not intend to provide legal or tax advice or
Life Estate opinion and should not be relied upon as such.
Gift of property in which the donor retains the right to use the
property for life. For additional information on any of these methods of planned
giving or to find out how you can make a contribution, please
Life Income Agreement contact: MPI Foundation at www.mpifoundation.org, or call 972-
A gift of a principal sum, property, or securities with a stipulated 702-3004
life income paid to the donor or another person for his or her