When writing a will or revocable trust, language can be included to add a gift to charity. Below are examples of possible language that could be used:

Another possibility is to make a more complicated gift, such as leaving a trust or gift annuity for a person for his or her lifetime and the remainder to the charity.

If a Series E or EE bond is given to loved ones, they will have to pay income tax, just like on retirement assets. But if given to a charity in the will (they must be specifically described), no income taxes will have to be paid.

Contingency Gift:

“If my loved one dies before me, then I give the balance of my estate to charity.”

Several charities can be named separately in a will or other estate planning document or a donor can make gifts to a fund at The Minneapolis Foundation.

Established Charitable Fund:

I give [description of gift] to The Minneapolis Foundation, a Minnesota non-profit corporation, to be held as the [NAME] Fund.

The fund set up can support any number of charities, can be named for a family or in someone’s honor, and can create an endowment that will provide for those charities forever.

You can even change your mind from time to time about which charities will be helped, or leave the decisions up to the Foundation. A favorite charity may even already have a fund set up at the Foundation your gift can be joined with the gifts of other generous donors to make an even greater difference.