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| Planned Gifts |
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The Knute Nelson Foundation staff is available to help you explore a variety of possibilities for making a significant gift to our mission and fulfilling your legacy goals at the same time. There is no cost or obligation to you, and all conversations had with our foundation staff remain confidential.
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Bequests (Wills & Trusts)
A bequest provision in your will or trust will allow you to make a significant gift to the Knute Nelson Foundation without reducing your current income.
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Sample Bequest Language
Often a bequest can be arranged simply with the addition of a codicil to amend your existing will. The wording of the bequest can be very simple:
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Specific Bequest |
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I give the Knute Nelson Foundation in Alexandria, Minnesota, _____ percent of the residue of my estate, to be used by Knute Nelson wherever the needs are greatest. |
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Residuary Bequest |
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I give, devise and bequeath the Knute Nelson Foundation of Alexandria, Minnesota, (X dollars) or (X shares of stock) or (legal description of real property) to be used to further their mission. |
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OR |
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Contingent Bequest |
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To make a gift of all the remains after taking care of family and other interests:
All the rest, residue and remainder of my estate, both real and personal property, whatsoever and wheresoever located, I give, devise and bequeath to the Knute Nelson Foundation, Alexandria, Minnesota, to be used to further their mission. |
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Life Insurance
By changing the beneficiary of your policy, you can make a gift to the Knute Nelson Foundation, or transfer the ownership of the cash value life insurance policy.
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Qualified Retirement Plans (IRA, Keogh, 401K, 403B)
Your qualified retirement plan can provide a significant gift to Knute Nelson.
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Life Income Agreements
Several types of deferred giving arrangements can be established during one’s lifetime or through a will and can be structured to provide a life income for oneself or a loved one. Life income arrangements include charitable gift annuities, charitable remainder trusts, and charitable lead trusts.
Life income agreements are available for people who want to make an irrevocable gift that will benefit ministries of the Knute Nelson Foundation after their death. These agreements allow the donors to retain an income interest during their lifetime or for a term of years. The Knute Nelson Foundation works in partnership with the Lutheran Community Foundation (link to their homepage) to administer a wide
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Charitable Gift Annuities
A charitable gift annuity can provide income for life and then support Knute Nelson. Deferred gift annuities allow you the option to make a gift today and receive the annuity later in life.
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Charitable Remainder Trusts
These gifts allow you to make a substantial gift and receive income from the trust. Choose from a Charitable Remainder Unitrust, a Charitable Remainder Annuity Trust or a testamentary Charitable Remainder Unitrust, depending on your situation and goals.
The examples and information on this page are for illustrative and educational purposes only and should not be considered tax or legal advice. Please consult with your tax or legal advisor before proceeding with your estate plan.
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