Planned Giving

Through a planned gift to the Minot Area Community Foundation, you may be able to make a more substantial gift than previously imagined. The term "planned giving" describes the ways in which individuals make charitable gifts for the future. You can make a planned gift to an existing fund or establish a new named fund. Types of Gifts

• Bequests
  • You can make a provision in your will or living trust for a gift to the Foundation. This is perhaps the simplest form of planned giving and the vehicle most commonly used.
• Charitable Gift Annuities*
  • You can receive a lifetime income from a charitable gift annuity. Following your death, the unused portion of the gift remains with the Foundation as a permanent fund to support charitable purposes you have chosen.
• Charitable Remainder Trust
  • You can transfer property to a trust that pays you or another beneficiary a fixed or variable income for a fixed amount of time. When the trust expires, the remainder is used to establish a permanent fund in the donor's name with distributions directed as he or she has chosen.
• Gift of an Individual Retirement Account (IRA)*
  • Designating the Foundation as the beneficiary of an IRA is an excellent way to make a gift to charity using an asset that otherwise might be heavily taxed.
• Life Insurance
  • You can name the Foundation as the owner and beneficiary of a new or existing life insurance policy and receive a current income tax charitable deduction.

*For more information regarding these types of gifts, please visit our Plan section.

While these are the most common ways for individuals to make planned gifts, other forms of giving are available. The staff at the Foundation is pleased to discuss planned giving options with you and/or your professional advisor. Please contact Jason Zimmerman if you would like more information by calling (701) 852-0646.