Other Ways to Give to Bay View

The Bay View Association welcomes your support through a planned gift.

You may choose to use your assets to fund a gift to Bay View. There are numerous vehicles that you, the donor, can use in making a gift to Bay View.

  • Bequest
  • Will
  • Endowed Gift
  • Annuities
  • Trusts
  • Stock Transfer

Contact your financial advisor about the various vehicles to gift the Bay View Association or contact the Development Office at 231-347-6225.

Assets

Bay View accepts a variety of assets to fund your gift.

Life Insurance
You may give a bequest of life insurance in a lump sum payment upon the death of the insured or an outright gift of a life insurance policy to Bay View. You should name Bay View as owner and beneficiary of the policy.

Real Estate
You may give Bay View a gift of real estate if ownership is identified, established and title is provided. Property can be commercial, industrial, farm or vacant land. A real estate gift to Bay View is governed by the law of the state in which it is located.

Securities
You may choose to give securities to Bay View that may include publicly traded stocks and/or mutual funds. The securities can be held in an account with a stockbroker, in a bank or personally held with a stock certificate in your possession. The transfer to Bay View depends on how the securities are held.

Tangible Personal Property
You may choose to give tangible personal property such as; art work, jewelry, automobile, etc. to Bay View. Personal property is sold and the value of the gift goes directly to the Bay View Association.

Cash
You may give cash as an unrestricted gift or designate the use of your cash gift to the Bay View Association.

Vehicles

Types of vehicles that can be used to gift Bay View.

Bequest
Assets allow a donor to make a bequest to the Bay View Association. Make your bequest to Bay View through your will in addition to creating a revocable trust.

The Will
Assets allow for a donor to make a charitable gift to Bay View through an estate. A will must go through probate.

Endowed Gift
A named endowed fund at Bay View of $10,000 offers you an opportunity to pay lasting tribute to a loved one or to honor a person who is living. Your gift may be used to support any program or activity that you designate.

Annuities

Charitable Gift Annuity
This gift benefits Bay View Association and provides an income to you for the remainder of your life with significant tax advantages. A charitable gift annuity is a contract between Bay View and you, the donor.

Deferred Gift Annuities
This gift annuity is a variation of a charitable gift annuity. Like a charitable gift annuity, you establish a contract between Bay View and you. Bay View is obligated to pay a fixed amount of income for your lifetime. However, the payment of a lifetime is deferred (begins in the future at least one year after the gift is made.) At the time of death Bay View has use of the principal.

Trusts

Charitable Remainder Annuity Trust
This method of giving provides income to you and beneficiaries. However, upon the death of beneficiaries or the termination of the trust term, the remainder of the charitable annuity is transferred to benefit Bay View. Charitable remainder trusts are established for life or lives of designated individuals for a period not exceeding 20 years.

Revocable Trust
This trust is established in the donor’s lifetime. This allows you to add assets that will increase in value over time for Bay View. You may revoke or amend all parts of the trust. Avoid probate by placing your assets in a trust, rather than under a will.

Irrevocable Trust
In this trust the donor transfers property irrevocably to Bay View, placing the assets outside of the donor’s control. An irrevocable trust is fully taxable on income produced by the trust. The income earned or capital gains produced are taxed to the trust (beneficiaries) and not to the donor. Such trusts are treated as separate entities for tax purposes.

When talking with your financial advisor, ask about giving a % of the value of your estate rather than a given sum of money. Chances are that the value of your estate is going to increase over time. If you specify a lump sum to be given, that amount may be less at the time of your passing than if it was a percentage of your estate’s value.

Not a member? Learn more about membership opportunities in Bay View.
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The Bay View Association is located just outside of Petoskey, Michigan on the shore of Little Traverse Bay.

1715 Encampment Ave
P.O. Box 583
Petoskey, MI 49770

Phone: 231-347-6225

Directions

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Our Mission

To be an institution in which Christian values and traditions are central; To enrich the human experience for individuals and families within Bay View and the surrounding community through a seasonal program of religious, educational, cultural and recreational opportunities; to provide a Christian perspective in a changing world.

The Bay View Association is a 501 (c)(3) nonprofit organization.

Click to read Our Vision.