your legacy amplified

In 2019, Carolyn Lecque (pictured far right) and James Lecque (middle) approached Metanoia about a piece of land they owned in the historic Liberty Hill Community of North Charleston. The Lecque’s ancestors are one of the four original families who founded Liberty Hill just after Emancipation. In recent years, they became concerned about gentrification in the community while they were confronting barriers as they worked to build affordable homes on their property. Metanoia and the Lecques built a partnership to construct Golden Dream Townhomes on their land. The eight-unit complex has a range of apartment sizes with rents less than half that of comparable units in the surrounding area.

Thank you, Carolyn and James, for leaving a lasting legacy for your family and more!

Planned giving is personal and we’re here to listen and learn together.

There are many ways to make your gifts work for you while financially supporting Metanoia that magnifies meaning, inspires innovation and impact, and amplifies opportunities for families in Chicora and surrounding neighborhoods. Please consider including Metanoia in your will, trust, or estate plan, and leave a lasting legacy! If you have already included Metanoia in your plans, please let us know so we may recognize and thank you.

Contact Bryan Adams, CFRE, Director of Development, at (843) 529-3014 ext. 104 or bryan@metanoiasc.org if you might like to share your vision for a legacy gift to Metanoia.

This information on giving options provided here is general in nature, incomplete, and may not apply to your specific situation. You should consult your tax advisor regarding your tax needs. Metanoia makes no warranties and is not responsible for your use of this information or for any errors or inaccuracies resulting from your use.

Stocks, bonds, and mutual funds

Maximize your monetary gain by funding a charitable gift to Metanoia with donated appreciated stock, mutual funds, or bonds. Metanoia will sell your securities and use the proceeds for important programs.

• You will receive an immediate tax deduction for the fair market value of the securities, no matter what you originally paid for them.

• You also will pay no capital gains tax.

• This is a tax-savvy way to help benefit you and Metanoia.

Will or trust

You can provide now for a future gift to Metanoia by including a bequest (a gift in your will) provision in your will or revocable trust. Bequests are contributions made through your will or trust. A bequest may be a percentage of your estate, a sum of money, or a specific piece of property.

• There is no upper limit on the estate tax deductions that can be taken for charitable bequests.

• By including Metanoia in your will or trust, you can establish a lasting legacy.

Life insurance

You can use a life insurance policy that is no longer needed to make a gift that will support families in the journey to build happy, secure futures. If you want to keep your current policy but make a future gift, you can leverage your policy by simply naming Metanoia as a beneficiary of your policy. Upon your transfer ownership of a paid-up life insurance policy to Metanoia, we may elect either to cash in the policy immediately or receive benefits later. You receive an immediate income tax deduction for the cash value of the policy.

• You have the satisfaction of making a significant gift now to Metanoia without adversely affecting your cash flow.

Required Minimum Distribution (RMD)

If you are receiving RMDs that are not needed, you can instead make a Qualified Charitable Distribution (QCD) gift of up to $100,000 to Metanoia, which will not be counted towards your taxable income.

• This can be particularly beneficial to those who file the standard deduction since the RMD income is avoided.

Charitable Remainder Trust (CRT)

A CRT (a gift that pays you income) allows you to make a larger gift now and continue to receive income each year from your contribution to Metanoia. These trusts are particularly beneficial for those who hold highly appreciated low-yield investments from which a higher income is desired. A CRT is a way to make a charitable gift that happens after a specified term (like a lifetime), receive a tax deduction, continue to receive income on the asset, and defer capital gains taxes on the sale of highly appreciated positions.

• Publicly traded stocks, real estate, and privately held stock are all potential funding sources of this type of trust.

Retirement Plan Assets

Due to high tax rates, many supporters find that it makes financial sense to allocate the residual amount of their retirement savings to Metanoia. Metanoia does not pay tax on these gifts and can put every dollar of your gift to work in building leaders, establishing affordable housing, and generating economic development. You can name Metanoia as a beneficiary of your IRA, 401(k), or another qualified plan. A QCD, also known as IRA Charitable Rollover, is a provision that allows individuals over the age of 70 ½ to contribute from their retirement account directly to a nonprofit without affecting their taxable income. You can designate Metanoia to receive all or a portion of the balance of your plan through your plan administrator. The balance in your plan passes to Metanoia after death.

• This allows you to avoid the potential double taxation your retirement savings would face if you designated these assets to your heirs. And you continue to take regular lifetime withdrawals.

Inspire and invest in innovation and impact.