Donor Stories

Couple’s Quiet Approach to Philanthropy Results in $1 Million Gift to The Michael J. Fox Foundation

Robert and Mary Hirshon lived a simple, quiet life. They spent their entire careers working for Hughes Aircraft Company in Los Angeles, meeting through the company’s ski club. They traveled, collected art and remained avid skiers into their 80s. Read More

 

Running for a Cure Now and for the Future: A Couple’s Fundraising Efforts Lead to a Legacy

Community matters to Aaron and Bethany Parker of Nashville, Tennessee. When Bethany’s father was diagnosed with Parkinson’s disease in 2016, the couple searched for a network that would help them understand the diagnosis and share their desire to see Parkinson’s eliminated. Read More

 

A Musician Spreads a Brighter Outlook

Neil Eisenband of Highland Beach, Florida, enjoys staying active. An avid musician and athlete, Neil plays guitar and basketball. Playing basketball would in fact lead him to a diagnosis of Parkinson’s disease—and The Michael J. Fox Foundation. Read More

 

Living Every Day Well Inspires Gift to Spur Research

A cure didn’t come in time to save Roy, an aerospace engineer who died in 2018. Wife, Roma and her children, committed to eliminating PD, now make donations to MJFF. Read More

 

Maximizing Her Impact to Find a Cure: Donor Touts Tax-Free Giving From Her IRA

A cure didn’t come in time to save Roy, an aerospace engineer who died in 2018. Wife, Roma and her children, committed to eliminating PD, now make donations to MJFF. Read More

 

A Legacy Gift Toward a Cure for Parkinson’s Disease

Rubin and Marian left a significant IRA bequest to the Foundation in their estate to ensure progress would continue toward a cure for the disease. Read More

 

Turing Grief into Action: A Daughter Honors Her Dad

Giving back is in Mary Claire Malloy’s blood. She credits her father, Emmett P. Malloy, with instilling a firm belief in helping others in whatever way you can. Read More

 

Bridging the Generations: Investing as a Family — and Speeding Parkinson’s Research with a $1.5-Million Donation

Retired businessman Jack Burns is not one to shy away from taking on new projects and challenges. Read More

 

A charitable bequest is one or two sentences in your will or living trust that leave to The Michael J. Fox Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to The Michael J. Fox Foundation, a nonprofit corporation currently located at Grand Central Station PO Box 4777, New York, NY 10163, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to MJFF or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to MJFF as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to MJFF as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and MJFF where you agree to make a gift to MJFF and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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