Planned Giving – Creating Your Legacy Gift
You can help to ensure a vibrant future for Voyageurs National Park Association (VNPA) and our efforts on behalf of the park. Planned gifts are a creative way to support VNPA that, through careful financial and estate planning, benefit you, your loved ones and VNPA. These gifts offer ways to make a lasting gift while planning your financial security, and may provide special tax advantages for you. Above all, you will have the satisfaction of helping to sustain the natural treasure that is Voyageurs National Park.
If you already have a planned gift for VNPA in place, please inform us so we may thank you and include you in our legacy giving recognition. You also may complete the Letter of Intent and return it to VNPA, 126 North Third Street, Suite 400, Minneapolis, MN 55401–1678.
Many planned gift arrangements have the advantage of being revocable, so you may change your intentions as your circumstances dictate. Planned gifts can be made through a bequest in your will, living trust agreement, life insurance, or retirement plan. You may create a life estate arrangement by giving a personal residence to VNPA while retaining the right to live in it for life. You also may make VNPA the beneficiary of your bank account (POD – payable upon death) or stock portfolio or real estate (TOD – transfer on death).
Common ways you may benefit Voyageurs National Park Association through a planned gift:
Bequest or other Testamentary Gifts
A planned gift often is made by a simple bequest in a will that costs nothing during one’s lifetime. Other testamentary gifts (directions or instructions to transfer, money, property or other assets at death) may be used by designating VNPA as beneficiary.
The bequest language for VNPA is:
I give and bequest to Voyageurs National Park Association, at 126 North Third Street, Suite 400, Minneapolis, MN 55401-1678 for its general purposes the sum of $_______ or ____% of my estate. (Specific designation language may be added.)
The Federal Tax Identification Number for Voyageurs National Park Association is 41-6049473.
Click here for a printable version to take to your attorney.
Life Income Gifts
A life income gift provides income for the donor and/or a loved one, with the remainder benefiting VNPA. Depending upon the plan, the income may be fixed or variable and can continue for one or more lifetimes, term of years, or a combination of the two. Examples of life income gifts are charitable gift annuities or charitable remainder trusts.
Retirement Plans and IRAs
You may leave a lasting legacy by designating VNPA as a beneficiary on your retirement plan or IRA.
These options enable you to include VNPA in your long-term financial planning while also enabling you to adjust your gift intent to fit your financial needs.
(Note: The charitable IRA rollover provision, reactivated for all of 2013, for people ages 70 ½ and older may not be used to fund charitable trusts or annuity plans. Contact your IRA custodian and VNPA for details.)
Life Insurance Gifts
You may contribute a paid-up life insurance policy you own but no longer need, or a new policy listing VNPA as owner and beneficiary. Ongoing premium payments for policies owned by VNPA are considered tax-deductible contributions.
There are variations on planned gifts that can be tailored for your specific financial and family situations. As you consider your giving options, we strongly encourage you to consult with your financial and legal advisors on the tax-wise advantages of various plans. The information presented here is not intended as financial and legal advice. We can assist you in creating charitable gift plans that meet your needs and clearly state your intentions. To discuss ways to remember VNPA in your estate and financial planning, please contact us at 612-333-5424.