planned giving

Generosity comes in many forms. With planned giving, your gift lasts beyond your lifetime. Leave a legacy with a planned gift to ServeMinnesota.

Beneficiary Designations

Not everyone wants to commit to making a gift in their will or estate. Some prefer the increased flexibility that a beneficiary designation provides by using:
• IRAs and retirement plans
• Life insurance policies
It only takes three, simple steps to make this type of gift. Click here to learn how to name ServeMinnesota as your beneficiary.

Will or Living Trust

You want to make a gift to ServeMinnesota in your will. You also want the flexibility to change your will in the event that life circumstances change. You can do both. In as little as one sentence, you can complete your gift.

Tax-Free with IRA

A Tax-Saving Way to Help ServeMinnesota
If you are 70½ years old or older, you can take advantage of a simple way to benefit ServeMinnesota and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money. You are free to make annual gifts to our organization this year and well into the future.

Why Consider This Gift?
• Your gift will be put to use today, allowing you to see the difference your donation is making.
• You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
• If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

Memorial or Tribute Gift

If you have a loved one who has been impacted by ServeMinnesota, establishing a memorial or tribute gift is a meaningful way to honor your loved one or celebrate a special occasion such as a birthday while supporting the work of our mission. Your memorial or tribute gift will be a lasting tribute to your loved one and will make a difference in the lives of those we serve.

Gift of Life Insurance

When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a powerful and simple way to support our work. There are three ways to give life insurance to ServeMinnesota.

Appreciated Securities

Giving appreciated stocks, bonds, or mutual fund shares held more than one year can provide an immediate benefit to ServeMinnesota and may be more tax efficient than giving cash. By making a gift to ServeMinnesota using appreciated securities held for more than one year, donors may receive a double tax benefit. They avoid capital gains tax on the appreciation of the donated asset, and may claim an immediate deduction for the current fair market value of the property—up to 30 percent of adjusted gross income. Any unclaimed portion of the deduction may be carried forward for up to five additional years, subject to the same annual limit. Because the donated property is appreciated, the benefit of the gift to ServeMinnesota may well be considerably greater than its original cost to the donor.

Donor Advised Funds

A donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to ServeMinnesota and other charities. You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend-but not direct-how much and how often money is granted. In addition, you avoid the cost and complexities of managing a private foundation. In return, you qualify for a federal income tax charitable deduction at the time you contribute to the account. This also allows for a centralized giving and record-keeping system in one location.

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