Planned Giving
Create a legacy
Planned giving is a meaningful way to leave a legacy in the Minnesota community, strengthening Children’s Minnesota for the future and supporting our vision in being every family’s partner in raising healthier children.
Join the Guardian Circle
Donors who include Children’s Minnesota in their estate plans are invited to join the Guardian Circle, our honorary society that includes all benefactors who make a legacy gift to ensure the future of outstanding pediatric care in our state.
If you have already made giving plans for Children’s Minnesota in your estate plans, be sure to complete the Children’s Minnesota Donor Recognition Form here.
Different types of planned giving
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. When including Children’s Minnesota in your estate plan, please use the following language:
Bequest of specific (pecuniary) amount
“I give to Children’s Health Care Foundation (EIN: 41-1814223), a nonprofit corporation currently located at 5901 Lincoln Drive, Edina, MN 55436-1611, or its successor thereto, $_________ [a specific dollar amount] to be divided in equal amounts to support [a specific purpose or fund].”
Bequest of a percentage of estate
“I give to Children’s Health Care Foundation (EIN: 41-1814223), a nonprofit corporation currently located at 5901 Lincoln Drive, Edina, MN 55436-1611, or its successor thereto, ____% (_________ percent) of my residuary estate, to be divided in equal amounts to support [a specific purpose or fund].”
Bequest of residuary estate
“I give to Children’s Health Care Foundation (EIN: 41-1814223), a nonprofit corporation currently located at 5901 Lincoln Drive, Edina, MN 55436-1611, or its successor thereto, the rest, remainder or residue of my estate, to be divided in equal amounts to support [a specific purpose or fund].”
Bequest in fulfillment of gift intention
“I give to Children’s Health Care Foundation (EIN: 41-1814223), a nonprofit corporation currently located at 5901 Lincoln Drive, Edina, MN 55436-1611, or its successor thereto, [a specific dollar amount OR a percentage of residuary estate OR the rest, remainder or residue of my estate], to be used in accordance with the terms under the most recently dated Donor Recognition Form maintained on file with Children’s Health Care Foundation as of the date of my death.”
*In combination with this provision, the Donor Recognition Form was created to help you modify your estate gift intentions for Children’s Minnesota over time without having to revise the provision in your estate document.
Please be sure to use our tax identification and contact information as follows:
Children’s Health Care Foundation DBA Children’s Minnesota
5901 Lincoln Drive
Edina, MN 55436
Tax ID: 41-1814223
Phone: 952-992-5500
Email: [email protected]
Fax: 952-992-6902
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.
Our charitable tax identification information is as follows:
Children’s Health Care Foundation
5901 Lincoln Drive
Edina, MN 55436
Tax ID: 41-1814223
Phone: 952-992-5500
Email: [email protected]
Fax: 952-992-6902
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.
Our charitable tax identification information is as follows:
Children’s Health Care Foundation
5901 Lincoln Drive
Edina, MN 55436
Tax ID: 41-1814223
Phone: 952-992-5500
Email: [email protected]
Fax: 952-992-6902
Planned giving story: Bob Knutson
Bob Knutson’s family ties to Children’s Minnesota date back to his 1950s childhood, when his father was an anesthesiologist at the St. Paul hospital. His mother, trained as a nurse before she raised a family, was on the hospital board for several years. The recently retired stockbroker was also a patient at the hospital, once for surgery at age 5, and again at 11, when he got thrown from a spooked horse and ended up with a broken leg. Typical for the time, he spent 6 weeks in the hospital, with his leg in traction.
“I like kids. I’m a big fan of kids, especially my own,” said Bob. “I want my kids and grandkids and great grandkids to have good medical care. I put Children’s Minnesota in my estate plan because I think it’s something you ought to do—to have part of your pile go to good causes instead of just giving it to your kids and grandkids.” In addition to the charitable component in his will, every year Bob contributes to the endowed fund his parents established in his mother’s name. The Eleanor Gray Knutson Endowment supports patients and families who need it most and ensures that no child is turned away regardless of a family’s ability to pay.
Just weeks into his retirement, Bob is looking forward to spending more time at his place on Madeline Island in Lake Superior. His plans include plein air painting. “For 50 years I was a stockbroker, but no more. I’ve never tried this before and expect my painting is not going to be so great, but I’m going to dive in just the same. There are so many cool things to paint up there—beautiful rocks and pine trees. It’s beautiful even in the winter and very quiet. I love it up there.”
Thank you for your consideration
We would be happy to answer any questions you or your financial advisors have. Contact us at:
Children’s Health Care Foundation
5901 Lincoln Drive
Edina, MN 55436
Tax ID: 41-1814223
Phone: 952-992-5500
Email: [email protected]
Content has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors accordingly.
