Greater Minneapolis Crisis Nursery
 

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Make a Legacy Gift

Legacy gifts make a significant impact on the Nursery’s ability to provide critical programs and services to strengthen families and keep kids safe today, and in the future.

Consult your financial advisor or estate planning attorney when making the decision to give a legacy gift to the Nursery.

Quick information:

Organization Name: Greater Minneapolis Crisis Nursery
Federal Tax ID: 41-1379021
Address: 4544 4th Avenue South, Minneapolis, Minnesota 55419

Additional benefits of making a legacy gift: Reduce income and estate taxes passed on to heirs

Bequest/Will

  1. Add the Nursery as a beneficiary in your will.
  2. Share this sample bequest language for Greater Minneapolis Crisis Nursery with your estate planning attorney:
    I give the Greater Minneapolis Crisis Nursery, 4544 4th Avenue South, Minneapolis, Minnesota 55419 (___ % of the residue of my estate) or (the sum of $________), to be used (for ________ program) or (wherever the needs and opportunities are greatest).
  3. Complete the Legacy of Hope Deferred Gift Disclosure Form and return to GMCN.

Retirement Assets (IRA/401k/403b)

  1. Designate GMCN as the primary beneficiary for a percentage (anywhere from 1-100%) of your retirement plan assets.
  2. Designate a specific amount to GMCN before the remainder is provided to family beneficiaries.
  3. Make us the contingent beneficiary to receive the balance only if your loved ones, as primary beneficiary, survive you.

Life Insurance

  1. Name Greater Minneapolis Crisis Nursery as the primary or secondary beneficiary of an existing life insurance policy.
  2. Donate a paid-up life insurance plan to GMCN, making the Nursery the owner of the policy (receive an immediate charitable tax deduction on your federal income taxes when you itemize).

Charitable Remainder Trust

A charitable remainder trust (CRT) offers a way to make a gift and provide income for yourself or your loved ones.

  1. To create a CRT, the donor transfers cash or other assets to a trust.
  2. The trustee manages the assets and each year income (a fixed amount or %) from the trust is paid to the beneficiaries.
  3. At the end of the trust term, the principal balance of the trust passes to GMCN.

Beneficiary Designations

Beneficiary designations are one of the simplest and most flexible ways to make a gift. As you think about ways to arrange your charitable legacies, keep in mind the following reasons why this gift type is so popular and might be a smart way for you to give:

  • • You can make the gift without having to revise your will or living trust.
  • • It is easy to modify the beneficiary forms to adapt to changing intentions and circumstances.
  • • Arranging such a gift is simple and generally entails little or no expense.
  • • When a charity is a beneficiary of retirement funds, those funds will not be subject to income tax.
  • • You may save estate taxes, depending on the size of your estate.
  • • The gift becomes available to the charity with little delay.

How to Make a Gift by Beneficiary Designation

It’s simple! You ask your policy administrator for a change-of-beneficiary form, or you can often find this form on your provider’s website, and then name Environmental Defense Fund as a beneficiary of any of the financial instruments below.

      • • IRA and Qualified Retirement-Plan Distributions
      • • Donor-Advised Fund
      • • Insurance Products
      • • Bank Accounts
      • • Brokerage Accounts

Next Steps

    1. Request a change-of-beneficiary form from the administrator of your retirement plan, insurance policy, or bank account or download a form from your provider’s website.
    2. Designate what percentage you would like Greater Minneapolis Crisis Nursery to receive and name us and indicate the percentage you chose on the beneficiary form.
    3. Return the completed form to your provider.
    4. Contact us to let us know your goals for the gift so we can thank you for your generosity and ensure your gift is used as you intend.