Leave Your Legacy

Each year, more than 29,000 Minnesotans are diagnosed with cancer. Until there’s a cure, the programs and services of Angel Foundation will continue to play an important role in helping adults with cancer and their families.

Your legacy gift will ensure that Angel Foundation continues to provide these crucial services to the growing number of individuals and families impacted by an adult cancer diagnosis.

Consult your financial advisor or estate planning attorney when making the decision to give a legacy gift to Angel Foundation

If you include Angel Foundation in your plans, please use our legal name and Federal Tax ID.

  • Legal Name: Angel Foundation
  • Address: 1155 Centre Pointe Drive, Suite 7, Mendota Heights, MN 55120
  • Federal Tax ID Number: 41-1990883

Contact Kathy Tolo at (612) 627-9000 ext. 516 or ktolo@mnangel.org for additional information on legacy giving options.

There are a variety of ways you can give to Angel through a legacy gift (Click each header to learn more):

A Gift in Your Living Will or Trust

Interested in helping Angel Foundation with our mission but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple, flexible and versatile way to ensure we can continue our work for years to come is a gift in your will or living trust, known as a charitable bequest.

By including a bequest to Angel Foundation in your will or living trust, you are ensuring that we can continue our mission for years to come. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction.

Sample Bequest Language:

“I, [name], of [city, state, ZIP], give, devise and bequeath to Angel Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.”

Beneficiary Designations in Retirement Plans and Life Insurance Policies

Passionate about supporting Angel Foundation with our mission even after your lifetime? It’s not only possible, it’s easy to do with a beneficiary designation. Just name Angel Foundation as a beneficiary to receive assets such as retirement plans and life insurance policies after you’re gone. You simply fill out a form that is entirely separate from your will—which makes this approach an easy way to give.

Not only is it an easy way to give, but it’s also flexible—you aren’t locked into the choices you make today. You can review and adjust beneficiary designations anytime you want.

You can name us beneficiary of the following assets:

  • Retirement Plan Assets
    • The full value of your IRA, 401(k), 403(b) or other qualified plans is subject to federal and state estate taxes at your death and the distributions from these accounts are subject to federal and applicable state income taxes. Instead, consider naming a charity as a beneficiary of all or a portion of your plan.
  • Life Insurance
    • By naming Angel Foundation as a beneficiary of all or a portion of your life insurance policy, you support our work while retaining the ability to change your gift if your plans change.
  • Commercial Annuities
    • A portion of the distributions from commercial annuities is subject to income tax for non-charitable beneficiaries. Naming Angel Foundation as a beneficiary of all or a portion of your commercial annuity will allow us to receive the assets you designate to us completely tax-free.
  • Bank Accounts, Certificates of Deposit or Brokerage Accounts
    • You can name Angel Foundation as beneficiary of your bank accounts, CDs and brokerage accounts by designating your account as Payable on Death (POD) or Transfer on Death (TOD) to us.
Charitable Gift Annuities

When you are looking for ways to help Angel Foundation with our mission, you shouldn’t feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support Angel Foundation’s work while receiving fixed payments for life is a charitable gift annuity.

Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with Angel Foundation you can receive a variety of tax benefits, including a federal income tax charitable deduction.

Delay Your Payments

If you are younger than 60 or don’t need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement.

You can use the following assets to fund a charitable gift annuity:

  • Cash
    • Cash—usually in the form of a check—is one of the most common ways to fund a charitable gift annuity.
  • Appreciated Securities
    • By funding a charitable gift annuity with appreciated securities you’ve owned more than a year, you receive the additional benefit of eliminating part of the capital gains tax on the transfer.
  • Closely Held Stock
    • Use this asset, which is not easily converted to cash, to create a charitable gift annuity and receive tax benefits.
  • Real Estate
    • Unencumbered real estate such as a personal residence, vacation home, farm or commercial property works best to fund a deferred charitable gift annuity.
  • Tangible Personal Property
    • Use non-income producing assets such as stamp and coin collections or works of art in exchange for fixed payments for life.
Charitable Remainder Trusts

Looking for a way to give Angel Foundation a significant gift? If you have built up a sizeable estate and are also looking for ways to receive reliable payments, you may want to check out the advantages of setting up a charitable remainder trust.

Benefits of a charitable remainder trust include:

  • A partial charitable income tax deduction
  • Potential for increased income
  • Up-front capital gains tax avoidance

There are two ways to receive payments with charitable remainder trusts:

The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.

The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

You can use the following assets to fund a charitable remainder trust:

  • Cash
    • You may always use cash as part of your charitable giving strategy. Oftentimes charitable remainder trusts are funded with cash in addition to stock or real estate.
  • Appreciated Securities
    • Highly appreciated assets that generate low current income are an ideal funding option.
  • Closely Held Stock
    • You may be able to convert stock that pays no dividends into an income-producing asset and receive tax benefits in return.
  • Real Estate
    • When appreciated real estate is used to fund a remainder trust, no capital gains tax is due upon the sale of the property.
  • Retirement Plan Assets
    • If you name a charitable remainder trust as a beneficiary of retirement plan assets, there will be no immediate income tax due on the plan proceeds paid to the trust because the trust is tax-exempt.
  • Tangible Personal Property
    • You may be able to contribute tangible personal property to a charitable remainder trust and turn non-income-producing property into a stream of income for you or your family.
Charitable Lead Trusts

Do you want to benefit from the tax savings that result from supporting Angel Foundation, yet you don’t want to give up any assets that you’d like your family to receive someday? You can have it both ways with a charitable lead trust.

There are two ways charitable lead trusts make payments:

charitable lead annuity trust pays a fixed amount each year to Angel Foundation and is more attractive when interest rates are low.

charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust’s assets go up in value, for example, the payments to Angel Foundation go up as well.

You can use the following assets to fund a charitable lead trust:

  • Cash
    • You can always use cash to fund a lead trust. Oftentimes, lead trusts are funded with cash in addition to stock or real estate.
  • Appreciated Securities
    • A charitable lead trust may be funded using a single appreciated security or a diversified stock and bond portfolio with high potential for growth over time.
  • Closely Held Stock
    • One of the most common assets used to fund a lead trust is closely held stock in a family business that has the potential to grow over the years.
  • Real Estate
    • Income-producing real estate is a perfect asset to fund a lead trust.
Donor Advised Funds

Are you looking for an easy, cost-effective way to support Angel Foundation and other causes you love? A donor advised fund, which is like a charitable savings account, may be the right choice for you.

Here’s how it works. You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend—but not direct—how much and how often money is granted to Angel Foundation or other charities—sometimes as easily as using a Web portal. And you avoid the cost and complexities of managing a private foundation.

What do you receive in return? An immediate federal income tax charitable deduction at the time you contribute to the account, and the power to make recommendations on which charities to support whenever you want. You centralize your giving and record-keeping in one location. And maybe best of all, you can start a legacy of giving by letting your children help decide which grants to recommend.

Be sure to carefully evaluate a sponsoring organization to make sure it supports your interests, values and the type of asset you are considering as a funding source. Get to know the organization’s policies and procedures-from minimum contributions to administrative fees. Each organization handles these details differently.

Create a donor advised fund with one of the following assets:

  • Cash
    • When you establish a donor advised fund with cash, you will receive an immediate federal income tax charitable deduction for the year the gift was created.
  • Appreciated Securities
    • Eliminate capital gains tax by donating appreciated assets you have held for more than a year on the transfer.
  • Retirement Plan Assets
    • You may make your donor advised fund a beneficiary of your retirement plan assets. You could then designate your loved ones as the donor advisors, which would allow them to make recommendations on what charitable organizations to support through the fund.
  • Tangible Personal Property
    • You may be able to use non-income-producing property such as stamp and coin collections or works of art in exchange for a federal income tax charitable deduction.
  • Real Estate
    • Your gift of appreciated real estate will qualify for a federal income tax charitable deduction for the fair market value of the property and eliminate long-term capital gains tax.
Real Estate

Want to make a big gift to Angel Foundation without touching your bank account? Consider giving us real estate. Such a generous gift helps us continue our work for years to come. And a gift of real estate also helps you. When you give us appreciated property you have held longer than one year, you get a federal income tax charitable deduction. You avoid paying capital gains tax. And you no longer have to deal with that property’s maintenance costs, property taxes or insurance.

Another benefit: You don’t have to hassle with selling the real estate. You can deed the property directly to Angel Foundation or ask your attorney to add a few sentences in your will or trust agreement.

Ways to Give Real Estate

An outright gift. When you make a gift today of real estate you have owned longer than one year, you obtain a federal income tax charitable deduction equal to the property’s full fair market value. This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes. By donating the property to us, you also eliminate capital gains tax on its appreciation. Furthermore, the transfer is not subject to the gift tax, and the gift reduces your future taxable estate.

A gift in your will or living trust. A gift of real estate through your will or living trust allows you the flexibility to change your mind and the potential to support our work with a larger gift than you could during your lifetime. In as little as one sentence or two, you can ensure that your support for Angel Foundation continues after your lifetime and that your estate will benefit from a federal estate tax charitable deduction.

A retained life estate. Perhaps you like the tax advantages a gift of real estate to our organization would offer, but you want to continue living in your personal residence for your lifetime. You can transfer your personal residence or farm to Angel Foundation but keep the right to occupy (or rent out) the home for the rest of your life. You continue to pay real estate taxes, maintenance fees and insurance on the property. Even though we would not actually take possession of the residence until after your lifetime, since your gift cannot be revoked, you receive an immediate federal income tax charitable deduction for a portion of your home’s value.

A deferred charitable gift annuity. Are you tired of the hassles of maintaining your property such as paying taxes, utilities and repair bills? Consider donating the property to Angel Foundation in exchange for reliable payments for life for you (and someone else, if you choose). When you arrange a charitable gift annuity, you’re allowed a federal income tax charitable deduction in the year you set up the gift annuity when you itemize on your taxes. If you use appreciated real estate to make a gift, you can usually eliminate capital gains tax on a portion of the gift and spread the rest of the gain over your life expectancy. A gift of unmortgaged property to fund a deferred gift annuity is preferable and generates the greatest tax benefit.

A bargain sale. Want to sell us your property for less than the fair market value? A “bargain sale” may be the answer. When you make a bargain sale, you sell your property to our organization for less than what it’s worth. The difference between the actual value and the sale price is considered a gift to us. A bargain sale can be an effective way to dispose of property that has increased in value, and it is the only gift vehicle that can give you a lump sum of cash and a charitable deduction at the same time.

A charitable remainder unitrust. You can contribute any type of appreciated real estate you’ve owned for more than one year, provided it’s unmortgaged, in exchange for an income stream for life or a term of up to 20 years. The donated property may be a residence (a personal residence must be vacant upon contribution), undeveloped land, a farm or commercial property. Real estate works well with only certain variations of charitable remainder trusts. Your estate planning attorney, who will draft your trust, can give you more details.

A charitable lead trust. This gift can be a wonderful way for you to benefit Angel Foundation and simultaneously transfer appreciated real estate to your family tax-free. You should consider funding the charitable lead trust with real estate that is income-producing and expected to increase in value over the term of the trust.

A memorial or endowed gift. A gift of real estate may be a perfect way to honor your loved one in perpetuity. When you make an endowed gift of real estate, your contribution is invested with and becomes part of our endowment. An annual distribution is made for the purpose you designate. Because the principal remains intact, the fund will generate support in perpetuity.

A donor advised fund. When you transfer real estate to your donor advised fund, you avoid capital gains taxes and receive a federal income tax deduction based on the fair market value of the property.

Tangible Personal Property

Did you realize that valuable antiques, stamp and coin collections, works of art, cars, boats, and other personal property can be used to support our work? Your treasures can make suitable charitable gifts today or after your lifetime. The financial benefits of the gift depend on whether we can use the property in a way that is related to our mission.

Related use property—e.g., a piece of artwork donated to an art museum—is deductible at the full fair market value. Any other property is deemed nonrelated use property and the deduction would be limited to the lesser of fair market value or your tax basis in the property.

If the federal income tax charitable deduction claimed for a gift of tangible personal property exceeds $5,000, you must obtain an appraisal from a qualified appraiser and submit a special IRS form with the tax return on which the deduction is claimed.

There are several ways to make a gift of personal property to us:

An outright gift. This allows you to benefit our work today and gives you an immediate federal income tax charitable deduction.

A gift in your will or living trust. You can leave a legacy at Angel Foundation by donating your treasures to us through your will or living trust. A benefit of donating property through your will is that your estate will receive a federal estate tax charitable deduction.

A bargain sale. You can sell us your property for less than the fair market value of the item. For example, if you sell us an antique for $25,000 that is worth $50,000, you will receive a federal income tax charitable deduction of $25,000 plus the payment from us of $25,000.

A memorial or tribute gift. If you have a friend or family member whose life has been touched by Angel Foundation, consider making a gift to us in his or her name.

An endowed gift. Create an endowment or contribute to one that is already established to ensure that your support of Angel Foundation will last forever.

A charitable gift annuity. You can sometimes use non-income producing property such as a valuable stamp and coin collections or works of art in exchange for life payments and a federal income tax charitable deduction. The amount of the charitable deduction depends, in part, on whether the donated items are retained by the charity and used for its tax-exempt purpose.

A charitable remainder trust. You may be able to contribute tangible personal property to a charitable remainder trust. If you or a family member is an income beneficiary, you will receive a federal income tax charitable deduction when the property is sold. An additional contribution of cash or appreciated securities is recommended to cover expenses until the tangible personal property is sold.

A donor advised fund. Gifts to donor advised funds are not limited to cash and securities. Tangible personal property such as valuable antiques, stamp and coin collections, works of art, cars and boats may be able to be gifted and sold to benefit your fund.