Plan your legacy now
Your legacy gift to Our Saviour’s Community Services will make a difference.
Will or Trust
Gifts from one’s will or revocable trusts constitute a majority of planned gifts. You can make a charitable bequest by providing a dollar amount, specific property, a percentage of your estate, or what is left (remainder) after other designations. In many cases, the charitable provision may be made by a simple codicil to the will, which will not require rewriting the entire estate plan.
Here is some suggested language you can have your attorney review:
“I give, devise, and bequeath to Our Saviour’s Community Services (tax I.D. xx-xxxxx), located in Minneapolis, Minnesota, the sum of (insert dollar amount or percentage of your estate) for the benefit of its general purposes.”
Retirement Accounts and Pension Plans
Retirement account funds (IRA’s or company plans) may be transferred to a charity at death by proper beneficiary designation. Our Saviour’s Community Services will receive 100% of the funds at no tax cost. These gifts are simple to complete requiring only a change of beneficiary form.
Life Insurance
Life insurance is another way to make a substantial future gift. The charity is named as the owner and beneficiary to receive the proceeds of an existing life or new insurance policy. The donor receives a tax deduction for approximately the cash surrender value.
An alternative is for the donor to simply add Our Saviour’s Community Services as a beneficiary to a policy. The donor retains the incidents of ownership over the policy, including the right to change the beneficiaries. However, the donor receives no income tax deduction.
Please consult your financial advisor and/or attorney to determine which planned giving option is best for you. For questions about Our Saviour’s Community Services’ giving options, contact Mike Huffman, Executive Director, at 612.871.5900×1 or mike@oscs-mn.org.
2315 Chicago Ave. So.
Minneapolis, MN 55404
Phone | 612.871.5900
Fax | 612.871.0017
Our Saviour’s Housing
2219 Chicago Ave. So.
Minneapolis, MN 55404
Phone | 612.872.4193
Fax | 612.872.4442
English Learning Center
2315 Chicago Ave. So.
Minneapolis, MN 55404
Phone | 612.874.9963
Fax | 612.871.0017