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University of Minnesota Foundation
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A Gift in Your Will: Getting Started

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We hope you'll consider including a gift to the University of Minnesota Foundation in your will or living trust. Called a charitable bequest, this type of gift offers these main benefits:

  • Simplicity. Just a few sentences in your will or trust are all that is needed.

    The official bequest language for the University of Minnesota Foundation is: "I give [the sum, percentage, or description of property] to the University of Minnesota Foundation, Minneapolis, Minnesota, to be used for the benefit of [the name of the campus, college or program]." NOTE: Gifts may be designated to benefit existing funds, or (for gifts $25,000 and above) to create new endowed funds. In these cases, it would be appropriate to also add “in accordance with the terms of a separate Memorandum of Agreement." Gifts may also be designated as unrestricted, in which case the phrase "to be used for its general tax exempt purposes but without other restrictions to use" may be substituted.


  • Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
  • Versatility. You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.
  • Tax Relief. If your estate is subject to estate tax, your gift is entitled to an estate tax charitable deduction for the gift's full value.

Question MarkWe understand.
Your circumstances may change and you can change your gift at any time.

How It Works
To make a charitable bequest, you need a current will or revocable living trust.

Your gift can be made as a percentage of your estate. Or you can make a specific bequest by giving a certain amount of cash, securities or property. After your lifetime, the University of Minnesota Foundation receives your gift.


Charitable Bequest
1
Create a will or trust leaving part of your estate to family and part to the University of Minnesota Foundation.
Your Will or Trust
2
Family
Your Family
3
Your death
University of Minnesota Foundation
Putting Your Family First
When planning a future gift, it's sometimes difficult to determine what size donation will make sense. Emergencies happen, and you need to make sure your family is financially taken care of first. Including a bequest of a percentage of your estate ensures that your gift will remain proportionate no matter how your estate's value fluctuates over the years.

eBrochures
Download a free guide about making your first will.

We Can Help
Contact Planned Giving at 612-624-3333 or 800-775-2187 or plgiving@umn.edu with any questions about naming the University of Minnesota Foundation in your will or living trust. We're happy to help, without obligation.







Copyright © The Stelter Company, All rights reserved.

The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.



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