A planned gift to Assistance League of Minneapolis/St. Paul is a wonderful way to leave a legacy that supports our mission. Consider this as part of your estate plan.
Donors who make a planned gift become members of the Legacy Circle. This designates all donors who have chosen to include Assistance League in their estate plan.
A bequest allows you to make a gift without affecting your family’s current financial security. Although it offers no immediate income tax benefit, a bequest can reduce or eliminate estate taxes. It can be made as part of your will or Living Trust, or you may designate Assistance League of Minneapolis/St. Paul as a beneficiary of your life insurance policy or retirement plan.
Gifts of stocks or mutual funds
While many donors prefer to make gifts of cash, some contribute gifts of appreciated stock or mutual funds as they may provide a double tax benefit. You may receive an income tax charitable deduction and your capital gains tax is reduced or avoided on the appreciated value of the securities.
Charitable Remainder Unit Trust (CRUT)
Securities and other assets can be put into a CRUT during one’s lifetime, with income going to designated persons for the rest of their life, and the remainder going to Assistance League Minneapolis/St. Paul at the time of death. This defers or avoids capital gains tax.
Consult your attorney or financial advisor to learn more about charitable gift annuities, irrevocable trusts, and other estate planning vehicles.