Gifts Through Your Will
Through your will you can provide a lasting witness to support a ministry that has been important to you or to others close to you. As a life-long stewardship vehicle, your will can be used to support our ministry. There are various options for making bequests, which includes:
a Minnesota corporation, the sum of $__________ (or describe the gift).
Other Ways of Leaving Your Legacy
Insurance Policies: By assigning ownership to the Tuff Foundation you will receive a tax deduction for the cash value and eliminate the proceeds of the policy from your estate. If you continue to pay the premiums these are also tax deductible as a charitable contribution.
Charitable Gift Annuity or Charitable Remainder Trust: It is possible for you to make a gift while retaining a life income. A charitable gift annuity or trust guarantees that you or your beneficiary will have a fixed partially tax free income for life. The amount of income will be determined by your age at the time the gift is made and the size of the gift.
Cash or Real Estate: Such gifts may be made during your lifetime or through your will. Real Estate may be given now and you still can continue to use your property as long as you or your beneficiary live. Income tax deductions are available if the real estate gift is irrevocable.
Securities: Long-term securities of appreciated value (held 6 months or more) make an excellent gift. A charitable deduction is allowed for the full market value of the securities and capital gains taxes are avoided. Securities that have depreciated in value should be sold to establish a loss and the proceeds sent to the Tuff Foundation. In this way you may claim an income tax deduction for the loss and a charitable deduction for the gift.
Thrivent Choice Program: Thrivent Choice is a charitable grant program from Thrivent Financial for Lutherans that allows members to help choose where Thrivent Financial distributes a portion of its charitable funds each year. Learn more about Choice Dollars at Thrivent.com/thriventchoice. Or contact administration at the Tuff Memorial Home at 507-962-3275.
What to do if interested?
We welcome your questions about gifts and will work with you to make them more advantageous to you. This information is intended to give you some ideas on the various ways of gift giving. Remember that some ways of giving are more advantageous to you than to others. This will vary with each individual and we suggest that you may want to seek professional advice.
If you are interested or have any questions please feel free to contact:
505 EAST 4TH ST
HILLS, MN 56138-1017
TUFF MEMORIAL HOME
505 E 4TH ST
HILLS, MN 56138
301 COUNTY ROAD 6
HILLS, MN 56138