Jess Larson ʼ22 lived his life in service to his country and fellow citizens. An accomplished attorney, he served as mayor of Chickasha, Oklahoma, and rose to the rank of major general in the U.S. Air Force, also filling roles by presidential appointment as administrator of the War Assets Administration and the General Services Administration.
Ways to Give
Make a Gift Today — Impact a Cadet for a Lifetime
Your donation to Missouri Military Academy is an important part of how we maintain our quality academic, athletic and extracurricular programs. Your donation, regardless of the size, will be used to improve the quality of life on campus for our cadets and to improve our outreach to alumni and the communities in our area.
Types of Gifts
Bequest — a provision in a will or estate plan that allocates all or part of the individual’s estate to MMA.
Charitable Remainder Trust — an irrevocable trust that pays a specified annual amount to one or more people for a fixed period of years (often the life of the individual). At the end of the term of the trust, the remaining trust assets are distributed to MMA. A charitable remainder annuity trust provides a fixed payment; a charitable remainder uni-trust pays out a fixed percentage of the trust value each year.
Charitable Lead Trust — Similar to a charitable remainder trust, but the principal reverts to the donor or his or her designated heirs at the end of the trust term. If the principal reverts to the donor, he or she gets a charitable income tax deduction; if an heir, that person gets a charitable gift tax deduction.
Charitable Gift Annuity — an irrevocable transfer of property (e.g. securities) in exchange for a contract to pay the donor an annuity for life. Because the value of the property exceeds the value of the annuity, it is partially a gift to the institution.
Life Insurance — an arrangement in which a donor gives a life insurance policy to MMA. The cash value of that gift is tax deductible, as are any future premiums the donor may opt to pay on that policy. Note that only life insurance policies that are paid in full qualify as planned gifts.
Life Estate — an arrangement in which a donor gives his/her home to MMA while retaining the right to live there for the remainder of his/her life. The donor receives an immediate income tax deduction. MMA may sell the property upon the donor’s death.
Pooled Income Fund — an arrangement, similar to a mutual fund, in which a donor contributes to a fund and receives a share of the proceeds based on the percentage of his contribution. Donors pay no capital gains on the transfer of appreciated property. When the donor dies, his shares transfer to MMA.
Endowments – money given with a stipulation that the funds are invested to earn annual interest rather than spent immediately. A portion of the annual earnings are used to award scholarships, provide faculty development or support MMA programs. Endowments can be established with cash gifts, securities or other property, or may be funded with a series of gifts made over time. They may also be funded through a bequest or other deferred gift, or through a combination of lifetime and deferred gifts. Named funds, because of the support they offer to programs and people, are a way to share what is meaningful to the donor within the institute family well into the future. Earnings are awarded once the endowment reaches the required funding level. Because the principal of the endowment is never spent, such a gift represents an enduring tribute to the person honored by fund. Note that minimum gift amounts required for creating named, endowed funds vary, so please contact the MMA Development Office for further information.
Unrestricted Gifts – are among the most valuable to MMA, because they allow the institute to allocate funds wherever the need is greatest, and to take advantage of unique opportunities as they arise. Your unrestricted contribution may be used to support costs associated with financial aid, educator development, cadet equipment, facilities, and much more.
Matching Gifts – An easy way to double or even triple your donation to MMA is to find out if your company has a matching-gift program. Such programs typically match all or a percentage of employee contributions to charitable organizations, making the employer a partner in employees’ personal philanthropy. Simply obtain a matching-gift form from your employer’s personnel office, fill it out, and provide it to MMA with your contribution.
Non-Traditional – Boats, cars, land, jewelry, paintings etc..
For assistance concerning a gift, please contact the Office of Development at 573-581-1776, ext. 222, or firstname.lastname@example.org. Please note our EIN is 43-0415670.