Monterey Bay Village membership fees do not begin to cover the expenses associated with operating a Village. Additional funding sources include grants, bequests, fundraisers, and private donations.
A donation to Monterey Bay Village has far reaching effects. Consider these reasons to donate to Monterey Bay Village:
90% of elders want to remain in their homes. Those who remain in their homes tend to be happier and healthier, thus reducing the use of Medicare and Medicaid. Village members are less reliant on family and friends because they have access to trusted referrals and volunteers.
Adult Children Benefit
Adult children of Village members have peace of mind knowing that their aging parents have a local contact for assistance. As a result, these family care-givers are more likely to be emotionally and physically healthier, and remain in the work force longer. Their time with Mom or Dad may include more quality family time and less time completing tasks and errands.
Non-emergency city services are utilized less as Village members are encouraged to call their Village for assistance rather than the fire department or police department.
States are aware that 10,000 baby boomers are turning 65 each day and the current level of aging adult services will be heavily challenged requiring creative ways to fill the gaps.
It is estimated that the cost of care in a nursing home averages $80,000 per year. With the help of a Village, seniors with low care needs can remain in their homes much longer.
MBV works closely with a number of other important service organizations to create as many aging support solutions as possible.
Your generous donations make it possible for adults 55+ at all income levels to be Village members, supplementing membership fees and providing much-needed services.
Additional Ways to Give:
Gifts of Stock
A gift of appreciated stock allows a tax deduction for its fair market value enabling you to avoid capital gains tax. Your stockbroker can assist in transferring your gift of stock to our brokerage account benefiting Monterey Bay Village.
IRA Charitable Rollover
An easy and convenient way to make a gift from one of your major assets, this form of giving can enable direct gifts to the Monterey Bay Village from your IRA. An IRA Charitable Rollover can be excluded from your gross income, thus being a tax-free rollover, and can count towards your required minimum distribution. Please note that you must be 70 ½ years of age or older at the time of your gift and your gift cannot exceed $100,000.
The Legacy Society honors those donors who help shape the future of Monterey Bay Village through legacy gifts. Allocating a certain dollar amount or percentage of your estate to MBV is a meaningful way to have your support continue beyond your lifetime.