Gift Planning - Mid-Pacific Institute

Gift Planning

The future of Mid-Pacific depends greatly upon building our endowment and reserve funds from bequests and other planned gifts in order to continue to offer innovative programs, provide scholarships to deserving students, and attract the most talented teachers in the state. Mid-Pacific offers opportunities to contribute to the school through financial and estate planning. You can make a difference for the students of Mid-Pacific through your charitable gift planning:

Mid-Pacific Institute cannot give tax or legal advice. The following is for general information and is not intended as legal or tax advice. Please consult your legal and tax advisors about how these plans can work specifically for you and your loved ones. We would be happy to meet with you and your advisors to discuss these opportunities.

Heritage Society

Mid-Pacific Institute founded the Heritage Society to provide on-going thanks and acknowledge the foresight and generosity of all who have named Mid-Pacific beneficiary of a Will, living trust, retirement plan, life insurance policy, life-income gift, or other estate gift, or have established an endowed fund. If you prefer, you can be an anonymous member. Heritage Society members are invited to an annual event to learn more about Mid-Pacific. Most important of all, members have the satisfaction of knowing that they will continue to enrich Mid-Pacific students' lives for generations to come.

Ways to Gift Plan

If you would like to support future MPI students in their educational endeavors, please consider including Mid-Pacific Institute in your estate plan. Below is some suggested language that you can take to your attorney for inclusion in your Will or revocable living trust:

I give OR direct my trustee to distribute to Mid-Pacific Institute, a not-for-profit organization located in Honolulu, Hawaii, (the sum of $______ OR______% of my estate, OR _______% of the rest and residue of my estate) for (its general purposes OR its general endowment OR the _________endowed fund OR to establish the _________ endowed fund).

Naming Mid-Pacific Institute a beneficiary of a life insurance policy costs you nothing during your lifetime and can provide a significant future gift to the school. All you have to do is request a beneficiary form from your policy administrator, then complete and return it. You can indicate whether you want to leave all or a percentage of your insurance policy proceeds to charity.

A retirement plan beneficiary designation costs you nothing now and is also a very tax-advantaged charitable gift. Did you know that retirement plan assets that grow tax free may not be good assets to leave to heirs because they will incur income taxes and, in some cases, estate taxes, when they are passed on? There are no taxes on retirement plan assets left to charity. Therefore, the best plan may be to leave retirement assets to charity and other assets to your heirs. Your plan administrator can provide you with a beneficiary form. You can indicate whether you want to leave all or a percentage of your retirement plan assets to charity.

If you have a paid-up life insurance policy that you no longer need, you can give the policy to Mid-Pacific Institute, receive a current income tax deduction, and make a significant future gift to advance educational opportunities at the school. You can contact your policy advisor to make Mid-Pacific the owner and beneficiary of your paid-up policy. You can also purchase a new policy and make MPI the owner and beneficiary, enabling you to make a large future gift at low current cost.

You can make a gift of cash, appreciated securities, or real estate to a charitable remainder trust that pays income to you or others you select for life or a term of years. At the end of the trust's term, the remaining principal is distributed to Mid-Pacific Institute for its greatest needs, or for a purpose you have specified. You can supplement your retirement income, help to pay for a child's or grandchild's education, or provide support for an elderly parent with income from a charitable remainder trust, and give significant support to advance college preparatory education at Mid-Pacific, all while receiving tax benefits. You may even increase your income from giving appreciated stock or real estate over what those assets are currently providing for you. This plan works best for people age 55 or older.

If you are age 65 or older, and you would like to be able to count on fixed payments that are unaffected by interest rates and stock prices, a charitable gift annuity may be for you. If the interest rates on CDs and other fixed income investments you own have declined, and you would like to increase your cash flow, or if you have appreciated stock or mutual funds that you have considered selling but don't want to pay the capital gains tax that would be due, a gift annuity may be a good option.

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Join the Club

We have Gift Clubs for every level of giving. Show your pride in Mid-Pacific and do your part to help us maintain our outstanding educational programs.

Legacy CircleLifetime of $100,000+ (cumulative)
1908 Society$25,000+
Founders' Circle $10,000-$24,999
Trustees' Council $5,000-$9,999
Kawaiaha’o Circle $2,500-$4,999
President's Society $1,000 - $2,499
Wailele Spring Council $500-$999
Pueo Club $250-$499
Century Club $100-$249