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National Spotlight
Who are you running for? - Join in the fight against breast cancer by running a full or half marathon through Marathon for the Cure™
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A brand to trust - We are honored that in the Harris Interactive EquiTrend® study released in 2011, that Susan G. Komen ranked among the top two nonprofit brands in equity and as a charity people are most likely to donate to. Komen also ranked in the top 10 of the nation’s most trusted nonprofits. This marks the second consecutive year that Komen received top rankings in these categories.
> Susan G. Komen Twin Cities Race for the Cure® > Make a Donation > Planned Gifts and Bequests
Planned Gifts & Bequests
Planned Gifts and Bequests
Planned Gifts
You can provide for the Minnesota Affiliate of Susan G. Komen for the Cure® 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 Affiliate 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.
Bequests
One of the easiest ways to make a gift to the Minnesota Affiliate of Susan G. Komen for the Cure® 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 the Minnesota Affiliate of Susan G. Komen for the Cure®, or its successor, the sum of _________ Dollars ($_________) to be used for such charitable purposes as the governing body of the Minnesota Affiliate of Susan G. Komen for the Cure® deems appropriate; provided, however, that at the time of such gift, the Minnesota Affiliate of Susan G. Komen for the Cure® or its successor, must be a charity as described in Sections 170(c) and 2055(a) of the Internal Revenue Code."
OR
"I give and devise ________ percent (________%) of my residuary estate to the Minnesota Affiliate of Susan G. Komen for the Cure®, or its successor, to be used for such charitable purposes as the governing body of the Minnesota Affiliate of Susan G. Komen for the Cure® deems appropriate; provided, however, that at the time of such gift, the Minnesota Affiliate of Susan G. Komen for the Cure®, 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 for the Cure® - Minnesota Affiliate
Mall of America
301 South Avenue
Bloomington, MN 55425
Contact our Affiliate Office at 952-746-1760
