The Legacy Circle is Minnesota Network of Hospice & Palliative Care’s planned giving society, established to honor friends who have provided for the organization in their wills or through other planned gifts.
What are Planned Gifts?
Planned gifts are a variety of charitable giving methods that allow you to express your personal values by integrating your charitable, family and financial goals.
Planned gifts can be made with cash, but many planned gifts are made by donating assets such as stocks, real estate, art pieces, or business interests.
Some of the most popular gift planning vehicles are:
- Bequests
- Beneficiary Designations
- Charitable Remainder Trusts
- Charitable Lead Trusts
- Charitable Gift Annuities
- Gifts of Real Estate
- Retirement Assets
Why should I make a planned gift?
Many people want to make charitable gifts but need to do so in a way that helps meet their other personal, family, or financial needs. Planned gifts give you options for making your charitable gifts in ways that may allow you to:
- Make a larger charitable gift than you thought possible
- Increase your current income
- Plan for the financial needs of a spouse or loved one
- Provide inheritances for your heirs at a reduced tax cost
- Reduce your income tax and/or avoid capital gains tax
- Diversify your investment portfolio
- Receive income from your personal residence or farm
- Plan for the transfer of your business
- Leave a charitable legacy for future generations
If you have questions about including Minnesota Network of Hospice & Palliative Care in your gift planning, please contact Michele Fedderly at 651.659.0423 or michele@mnhpc.org.