Planned / Estate Giving
WHY MAKE A LEGACY GIFT?
A legacy gift shows your belief in the mission of Open Arms and your desire to accomplish something special in the lives of people with life-threatening illnesses.
After assuring that family members are provided for, many people consider making a financial contribution to the organizations and institutions that have enriched their lives and the lives of others. By leaving a legacy gift to Open Arms, you can play a significant role in sustaining our efforts to support critically ill Minnesotans and their families for years to come. Your thoughtful planning will ensure that our programs and services continue to show care and compassion to those in need, even after you’re gone.
Here are some reasons why friends of Open Arms have left a legacy gift:
- You will create a legacy of support for those who are battling critical illnesses.
- You will be contributing to the continued support of Open Arms, who relies on support from individuals like you to provide nourishing and healthy meals.
- You will make a gift that costs nothing in your lifetime.
- You will have the chance to make even more of a difference than you already do!
- You will be welcomed into our legacy society, the Kitchen Table, which recognizes those who have given legacy gifts to Open Arms and provides for our clients and their families, now and in the future.
- You will serve as an inspiration to others to join you today to ensure our success tomorrow!
What is a legacy or planned gift? What are the options for leaving a legacy to Open Arms?
A planned gift is a future gift made from a source other than current income. The source of a planned gift can take several forms:
A gift by Beneficiary Designation – request a beneficiary designation form from your bank, insurance company or other financial institution and complete it using the following information:
Open Arms of Minnesota
2500 Bloomington Ave.
Minneapolis, MN 55404
Tax ID#: #41-1681317
You can name Open Arms as a beneficiary of your –
- Checking or savings account
- Securities in a brokerage account
- Retirement account (401k or IRA)
- Life Insurance Policy
- Donor Advised Fund
A gift by including Open Arms in your Will – you can leave a future gift to Open Arms by including the following language in your will:
Keep it flexible – “I give to Open Arms, MN, a non-profit organization located at 2500 Bloomington Ave, Mpls, MN 55404, ____% of the rest, residue and remainder of my estate, both real and personal property of whatever kind and wheresoever situated.”
Name a fixed amount – “I give to Open Arms, MN, a non-profit organization located at 2500 Bloomington Ave, Mpls, MN 55404, the sum of $_______ (or describe the specific stock or security you intend to leave to Open Arms).”
Donor Spotlight: Mary Colson Burns
Mary first heard about Open Arms of Minnesota from her husband Jack who loved delivering meals on his lunch break while working for Medtronic. It was Jack’s favorite place to volunteer – “Jack was always so pumped up at the end of the day after delivering meals. He’d say, ‘I met the most amazing people and I love doing this!’”
After Jack’s passing Mary started volunteering for Open Arms and it quickly became her passion as well. “You know I just walked in the door and felt it – the warmth and community, it really is unique!” She started volunteering with a group on the 5-7 kitchen shift in Minneapolis and was hooked. Mary quickly understood why Jack loved Open Arms so much.
Legacy Society – The Kitchen Table
The Kitchen Table Legacy Society recognizes and honors those who have remembered Open Arms in their estate plans and by doing so have secured the future of open Arms. Recognition of your gift may encourage others to do the same!
Get In Touch
If you would like to consider including Open Arms in your legacy plan, we are here for you every step of the way. Please contact Mary Beth Iverson, Director of Individual and Major Giving at 612-677-2568 or [email protected]
When making Open Arms a beneficiary of your assets or when including Open Arms in your will, you will want to include the following information:
Open Arms of Minnesota
2500 Bloomington Ave.
Minneapolis, MN 55404
Tax ID#: #41-1681317
We recommend that you work with your attorney or financial advisor to plan a legacy that meets your specific goals.
