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Estate Planning | learn, share, connect

Erik Saltvold: Preserving Green Space

Erik the Bike Man is something of a local celebrity, known for his shop’s quirky commercials that many of us can recite from memory. But what people may not know about Erik is his silent legacy with Minnesota’s trails and parks.
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After 80 years, Boutell’s legacy still changing lives of Twin Cities youth

Thanks to the generosity and foresight of a Minneapolis businessman more than 70 years ago, hundreds of local children get to experience the fun, friendships, and educational benefits of summer camp each year.
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Enduring Support

Arming high school girls with digital cameras would have been unimaginable for Martha H. Gould, creator of one of The Minneapolis Foundation’s first funds. Neither the Perpich Center for Arts Education nor multimedia arts existed in 1922 when a provision in Ms. Gould’s will established a fund “for the assistance of young girls in an effort to obtain an education in art.”
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Community Builders make a difference

"I think we're typical of a lot of people who give through The Minneapolis Foundation: small business owners, now retired, are looking for ways to make a difference through philanthropy. We feel strongly that people as blessed as we have been have a responsibility to help others." - Joe and Jean Crocker, Community Builders

Giving Now and in the Future

When Dan and Sue* wanted to pass their wealth to their children in a way that wouldn’t cost them large amounts of gift or estate tax, their advisor encouraged them to establish a charitable lead trust.
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ABOUT ESTATE PLANNING
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INVOLVE YOUR FAMILY

  • 42% of American adults have wills but only 8% include a charitable bequest.

  • The most common reasons among high net worth Americans for adding a charitable provision to their wills is to avoid estate and gift taxes and to leave a charitable legacy.

  • Bill Gates and Warren Buffett recently challenged the nation's billionaires to leave half of their net worth to charity. If the billionaires were to follow suit, it would amount to $600 billion in charitable giving.

  • More than 350 people have pledged to leave a bequest to The Minneapolis Foundation.

  • The Minneapolis Foundation has established Legacy Funds to assist individuals at all financial levels pool their resources with others and support causes they care about well beyond their lifetimes.

For sources of the above facts please email or call us at (612) 672-3853.

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