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Planned Gifts & Bequests
You can provide for Susan G. Komen® Minnesota in a variety of ways, including through your estate. Planned or deferred gifts enable the Komen Minnesota Affiliate to plan for the future because they will be realized at some later date. You can make a planned gift by naming Komen as a beneficiary in your Will or by naming Komen as owner and beneficiary of a paid-up life insurance policy. A gift of life insurance entitles you to a tax deduction equal to your cost basis in the policy or its replacement cost, whichever is less.
You can make a planned gift to the Komen Minnesota and receive an income for life through the establishment of a charitable trust that names Komen as a beneficiary. Your attorney can advise you of the various types of charitable trusts and the estate tax benefits of each, and assist you in setting up a planned gift that is tailored to your personal needs. You may also want to talk with your attorney or financial advisor about the tax benefits of naming Komen as a beneficiary of your retirement plan.
One of the easiest ways to make a gift to Susan G. Komen® Minnesota is by leaving Komen a bequest in your Will. There are several ways you can do this. You can (1) give a specific amount of money to Komen Minnesota; (2) give a specific item of property to Komen Minnesota; or (3) give a specified percentage of the residue of your estate to Komen Minnesota (the residue of your estate is that which is left over after all specific gifts have been made, whether charitable or non-charitable). Since we cannot predict future medical advances, we recommend that your bequest be for unrestricted purposes or be directed generally to research.
The following simple language can be used to make your gift:
"I give and devise to Susan G. Komen® Minnesota, or its successor, the sum of _________ Dollars ($_________) to be used for such charitable purposes as the governing body of Susan G. Komen® Minnesota deems appropriate; provided, however, that at the time of such gift, Susan G. Komen® Minnesota or its successor, must be a charity as described in Sections 170(c) and 2055(a) of the Internal Revenue Code."
"I give and devise ________ percent (________%) of my residuary estate to Susan G. Komen® Minnesota,or its successor, to be used for such charitable purposes as the governing body of Susan G. Komen® Minnesota deems appropriate; provided, however, that at the time of such gift, Susan G. Komen® Minnesota, or its successor, must be a charity as described in Sections 170(c) and 2055(a) of the Internal Revenue Code."
A bequest may be included in the body of a will or as an amendment (codicil). Gifts made through a bequest typically provide an estate tax deduction. Please consult your attorney and/or financial advisor for specific information.
If you would like to plan a gift or bequest in your Will or for more information, please call or write us at:
Susan G. Komen® Minnesota
960 Southdale Center
Edina, MN 55435
Contact our Affiliate Office at 952-746-1760