Planning for the Future

 

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Wills / Bequests
Name the Epilepsy Foundation of Minnesota as one of your beneficiaries in your will for an amount or percentage of your estate.

Epilepsy Foundation of Minnesota 
Tax ID # 41-0874541 
1600 University Avenue West, Suite 300 
St. Paul, Minnesota 55104

 

Retirement Assets
Ask your retirement plan administrator to designate EFMN as a sole or partial beneficiary: 

Epilepsy Foundation of Minnesota 
Tax ID # 41-0874541 
1600 University Avenue West, Suite 300 
St. Paul, Minnesota 55104 

On transfer the balance of your retirement plan to a charitable remainder trust. This allows you to make a significant contribution to educate, connect and empower people with epilepsy, while providing ongoing income for a loved one after your lifetime. 

Life Insurance
You may want to consider donating a life insurance policy to EFMN. Because so many different life insurance plans are available, it's a flexible financial tool designed to meet a variety of needs. 

There are several ways to support the Foundation using life insurance:

  • Name EFMN as the primary, secondary or partial beneficiary of an existing life insurance policy
  • Purchase a new policy naming the Foundation as a beneficiary
  • Donate a paid-up life insurance policy to EFMN
  • Purchase a policy benefiting your heirs to replace money or property you have given (or plan to give) to the Epilepsy Foundation of Minnesota
  • Assign policy dividends to the Foundation
  • Donating your life insurance is a wonderful way to help EFMN continue to support people affected by epilepsy and seizures

 

Charitable Remainder Trust
A charitable remainder trust (CRT) offers a way to make a gift to EFMN and provide income for yourself or your loved ones. To create a CRT, the donor transfers cash or other assets to a trust. The trustee manages the assets and each year income from the trust is paid to the beneficiaries. When establishing the trust, the donor must elect that regular payments be made in either a fixed dollar amount or a fixed percentage of the principal to the beneficiaries. At the end of the trust term, the principal balance of the trust would pass to the Foundation. 

Cash or property may be used to fund a Charitable Remainder Trust. Provided the trust meets all the necessary requirements, the donor would be allowed a charitable income tax deduction for a portion of the assets contributed to the trust in the year that the transfer is made. The charitable trust offers the opportunity to avoid or reduce capital gains when you contribute appreciated property. The amount of the deduction and the portion of income that is taxable would depend on the specific terms of the trust. 

If you have already designated the Epilepsy Foundation of Minnesota as a beneficiary in your estate planning, please consider completing the Planned Gift Letter of Intent and returning to EFMN.  This form is not legally binding but provides an opportunity for the Foundation to celebrate the impact you will make in the future today.

 
Please consult your financial advisor before making The Epilepsy Foundation of Minnesota a beneficiary of ANY gifts, and use Federal Tax ID: 41-0874541.

St. Paul Office / Used Clothing
1600 University Ave. W. Suite 300
St. Paul, MN 55104
800.779.0777 or 651.287.2300 

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Epilepsy Foundation of Minnesota, Inc.
All rights reserved.