My Favorite Charity Gazette
Welcome to MFC Gazette
Here, you can read about how your support makes an impact for those in need. We hope you enjoy these stories. Visit our website to learn how you can support My Favorite Charity’s programs which are critical to so many.
Your Tremendous Impact
In March, My Favorite Charity launched a "Change the World" program to make a lasting difference for those across the country who are in need of assistance.
We did this in response to the overwhelming number of calls we received from organizations in urgent need of funds to meet our world's most pressing challenges.
Thanks to supporters like you, we are adapting in order to maintain their basic services and to ensure they have the resources they need to continue making a lasting difference across the globe.
“It is amazing how our supporters have joined together to make an impact for these organizations,” said Dr. Susan Marshall, President and CEO of My Favorite Charity. “We must continue to take action to ensure we can continue to make progress, especially during these challenging times.”
Together, we can change lives and transform the world. With the help of supporters like you, My Favorite Charity is coming to the aid of organizations that are in greatest need.
Thank you for standing with us and making sure that we continue to make progress together.
Qualified Charitable Distributions
Qualified Charitable Distributions (QCDs) are a preferred giving vehicle for many My Favorite Charity supporters. It’s easy to see why. A QCD allows you to give to My Favorite Charity directly from your IRA instead of taking Required Minimum Distributions, which are subject to income tax. A QCD can allow you to avoid being pushed into higher income tax brackets and prevent phaseouts of other tax deductions.
You can transfer funds from your IRA directly to My Favorite Charity and make an immediate impact in the lives of those in need. Here’s how it works:
- You must be 70 ½ or older.
- An individual may transfer up to a total of $100,000 per year and a married couple may give up to $200,000.
- Your gift must be transferred directly from the IRA account to My Favorite Charity.
- Your gift is a transfer of funds from your IRA to My Favorite Charity, so it does not create taxable income for you and is not considered a charitable tax deduction.
- If you are 72 years of age or older, the transfer of funds counts towards your annual Required Minimum Distribution from your IRA.
If you’re interested in this popular way to support My Favorite Charity,
download a sample letter for your IRA administrator here.
The Luck Family's Investment Will Drive Lasting Change
The Luck Family has been involved with My Favorite Charity for decades, and have recently cemented their legacy with a gift of $10,000,000 to drive lasting change for organizations world-wide.
The gift will create an endowed fund, from which grants will be awarded for generations to come to support projects that drive global change. With their investment, the Luck family have continued the momentum of a board initiative to match endowed funds while also providing critical funding for important programs.
“It is really our privilege to be able to give this type of gift to My Favorite Charity,” said Merry Luck. “Endowed funds enable us to pursue revolutionary high-risk, high-reward ideas that are challenging to support with traditional funding mechanisms. Our hope is that this will allow us to enter new areas of discovery.”
We are so grateful to donors like the Luck Family, who are driving groundbreaking initiatives. If you would like to explore making a profound impact on our efforts, you can learn more here.
Exciting Program Updates
In March, My Favorite Charity launched several new programs aimed at assisting nonprofit organizations across the globe. Thanks to generous supporters like you, these programs will help us solve the world's most pressing challenges.
These revolutionary programs include:
- The Caring Fund which awards grants to special individuals whose life's work has been dedicated to improving our society.
- The Big Hearts Program which provides guidance and resources to outstanding organizations tackling a range of issue in the fields of education, humanitarian aid, and environmental welfare.
- Hero Watch — an awards program designed to recognize and bring attention to the work of nonprofit heroes around the globe.
When asked about the impact of these efforts, Ellen Tran, Chairman of the Board of Directors at My Favorite Charity says, “It is really exciting to see so many people coming together to make these programs possible. Together, we are going to be doing so much good for the world. Thank you to every single person who invested their time and money to make it all possible. What a tremendous legacy to leave."
We are so thankful to the supporters who came together to make these programs possible. If you would like to learn more about getting involved in any of these initiatives, you can explore opportunities here.
JOIN THE LEADERSHIP SOCIETY TODAY
My Favorite Charity’s Leadership Society is a special group of supporters who have made a transformational commitment to changing the world. Members of this dedicated group of supporters are not only making a lasting impact on our mission, but are also eligible to receive invitations to special events, exclusive impact reports and recognition in our publications.