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A Giving Plan That Works for You

We want to help you give in a way that aligns your goals with the needs of your family and community.

Based on your charitable goals, our team will work with you and your attorney or other professional advisors to create a named fund with the Foundation. Your named fund will allow you to make charitable contributions when it’s convenient for you, and then support the nonprofits and causes you care about, now or forever.

There are a variety of ways to make a gift. Many options can provide income during your lifetime or significant tax benefits—or both. We can help you determine the best type of gift for your personal situation.

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Cash is a quick and easy way to make a gift while also taking advantage of income tax benefits in the same year.

Gifts of appreciated, publicly traded stock may provide an income tax deduction and may also help you avoid capital gains tax. So, your after-tax cost of a stock gift may be less than a gift of cash.

The Foundation has a relationship with a brokerage firm to easily accept a transfer of publicly traded securities, and if you have closely held stock, the Foundation can work with you to determine how best to utilize that stock for your charitable giving.

Appreciated Securities

Donating a portion of your IRA to a fund designated to one or more favorite nonprofits or causes may help you meet the IRA required minimum distribution while also providing a tax benefit.

If you are age 70 ½ or older, you can make a gift of up to $100,000 directly from your IRA to the Saint Paul & Minnesota Foundation. This gift can create or add to a fund that will annually and forever support specific nonprofits you choose (a designated fund), your areas of interest (a field of interest fund) or the Foundation’s community grantmaking (an unrestricted fund). Unfortunately, IRA funds cannot be contributed to a donor advised fund without first being recognized as income.

Donate your home or other property to charity, and you can remove the hassle and expense of managing or selling it. You also can donate your home, receive an immediate tax deduction and still live there for life.

Real Estate

If you own a business or hold stock in a closely held corporation, you may benefit from a tax deduction by donating these assets.

Private foundations can transfer their assets in whole or in part to a community foundation while retaining the donor’s name and charitable goals. This also can lower administrative costs.

Learn more about the difference between private foundations and donor advised funds.

Our foundation is able to accept some forms of cryptocurrency (e.g., Bitcoin)—a form of money that uses cryptography to control its creation and its transactions, as opposed to a central authority. By donating cryptocurrency, your gift may provide an income tax deduction and may also help you avoid capital gains tax.

Read about our experience with cryptocurrency

This kind of trust is especially attractive if you have assets that are appreciating or assets that you want to keep in the family (e.g., the family cabin). In some cases, a charitable lead trust can help your children or other heirs receive more than they would from a gift in your will.

Charitable Lead Trust

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Making a gift through your will is easy, and it also may reduce your taxable estate. This kind of gift “costs” you nothing during your lifetime, but it has the potential to impact the community forever.

We encourage you to consult with your attorney or other professional advisors about your situation. If you choose to make a gift through your will, please let us know. Then we can provide you with suggested language and create a fund agreement that reflects your long-term wishes.

You’ll also become a member of our North Star Society and receive special educational and social opportunities.

Download the declaration of intent form

Your 401(k), IRA or other retirement plan may be taxed significantly via income and estate taxes if passed on to your heirs, yet it may be tax-free to charity and can be used to benefit nonprofits in your community.

You can choose to direct all or a portion of your retirement plan assets to the Foundation, and the process is easy using your plan’s beneficiary designation form. In addition, you may be able to leave more money to your heirs by donating heavily taxed retirement plan assets instead of other assets that are taxed at a lower rate.

Retirement Assets 1

In return for your gift, you receive a guaranteed, fixed income for life at a rate that’s often higher than that of a savings account or certificate of deposit. Plus, the remainder supports the causes you care about.

Charitable Gift Annuity

This allows you to make a charitable gift, receive income throughout your lifetime, and possibly benefit from a tax deduction or reduction of capital gains tax.

Charitable Remainder Trust

There are several ways to utilize life insurance to support the community. If you donate a life insurance policy to the Foundation during your lifetime so that the Foundation is the policy owner, you may be able to take a tax deduction as well as deduct any future premium payments, and the policy proceeds will support nonprofits through your fund.

Life Insurance

*Disclaimer: This information is not intended to substitute for legal or tax advice. For information on how a charitable gift may affect your personal situation, please consult with your professional advisors.



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