Planned gifts are a great way to invest in Children’s Minnesota and strengthen our vision of being every family’s essential partner in raising healthier children. Donors find planned gifts to be a great way to create a legacy and make an impact on Children’s Minnesota into the future.
What is planned giving?
Planned giving involves providing for a future gift to charities through your financial and estate plans. Children’s Minnesota welcomes gifts made through different planned giving arrangements. These arrangements can:
- Enable you to leave a legacy for Children’s Minnesota
- Entitle you to charitable income and/or gift or estate tax deductions
- Provide for you or your loved ones
If you have decided to include Children’s Minnesota in your estate plans, we would like to show you our appreciation by including you as a member of our honorary society, the Guardian Circle. The Guardian Circle honors all benefactors making a legacy gift that ensures outstanding pediatric care in our community into the future. Members take pride in enabling our care for the patient and entire family.
If you have left Children’s Minnesota in your estate plans, please let us know by completing the Children’s Minnesota Guardian Circle Form.
Types of planned gifts
A bequest is a transfer of cash, securities, or other property through a will or a living trust. A bequest to Children’s Minnesota can be made for a specific amount, or a percentage of your estate. Bequests are the most common giving vehicle for planned gifts to charities and leave a lasting legacy to organizations for many generations. When including Children’s Minnesota in your estate plan, please use the following language:
Sample Bequest Language
“I give to Children’s Health Care Foundation, the sum of ______ (or percentage of estate, or description of property) to be used for _________ purposes. I further direct that interest or other income which may be earned by said bequest shall also be paid to Children’s Health Care Foundation from the date of my decease until paid.”
Employer Identification Number: 41-1814223
As a charitable organization, Children’s Minnesota can receive retirement plan assets completely tax free. Any assets contributed to Children’s Minnesota in this manner will result in a charitable deduction and help reduce any estate tax your estate might incur.
You may make Children’s Minnesota the beneficiary of a life insurance policy, and your estate will receive a charitable deduction from estate taxes for that gift.
Your residence, farm, vacation home, and commercial or other real estate that you own may be used to make a gift to Children’s Minnesota. Real estate assets can also be donated to the hospital through a bequest.
Charitable gift annuity
An arrangement between a donor and a non-profit organization in which the donor receives a regular payment for life based on the value of assets transferred to the organization. After the donor’s death, the assets are retained by the organization.
Charitable remainder trust
An irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to your favorite charity or charities.