Even a modest gift in your will or estate
plan can make a lasting impact in your community.

651-917-6252 or toll-free 1-888-999-6450
www.leavealegacyminnesota.org

According to a statewide survey conducted by the Minnesota Center for Survey Research, 88.6 % of Minnesota households give to a charitable or religious organization each year. That puts us well ahead of the national average of 70 %. However, only about 10 % of Minnesotans leave a donation to charity in their will or estate plans.

Careful planning regarding your gift to Open Arms can help us accomplish our mission. You can give in several ways.

Check/Cash/Credit Card - Your cash gift provides immediate tax savings through deductions and provides Philanthrofund with funds for current use.

Securities - You can give gifts of highly appreciated securities {stocks, bonds and stock in closely held companies} in person or through your broker. You can completely bypass capital gains tax and deduct the full current fair market value of the gift securities, equaling up to 50% of your adjusted gross income in the year of the gift. You can carry the excess deduction up to five additional years.

Bequests - Including Open Arms in your will is an effective way to ensure that the beneficiary of your will truly reflects your ideals and values. A bequest also reduces the taxable portion of your estate.

Life Insurance - There are several ways to give life insurance. You can give a life insurance policy that you already own, give a new contract, or name Open Arms as a beneficiary. Premiums for charitable life insurance contracts are tax deductible.

Real Estate - You can offer real estate as an immediate gift or to fund a trust. You may even arrange for lifetime occupancy after making your gift, thereby gaining a tax deduction and eliminating local taxes while still enjoying the comforts of home.

Life Income Gifts - With a life income gift, you assign cash, securities, or other assets irrevocably to Open Arms. Those assets are invested to pay a lifetime percentage or fixed amount to you, to your beneficiaries, or to whomever you designate. Income is paid monthly, quarterly, semiannually or annually. Upon the death of the last surviving beneficiary, Open Arms may use the assets either as needed or for a specific purpose which you have designated. The most widely used life income plans are Charitable Remainder Trust and the Charitable Remainder Unitrust.

Income Interest Gifts - Through a charitable lead trust, you can provide an income to Open Arms for a period of years, at the end of which the principle reverts to you or passes to other members of your family. There are often significant estate or income tax benefits to a charitable lead trust.

Legal and financial advisors can best help you determine the vehicle most advantageous and appropriate for you.