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| Knute Nelson operates the Knute Nelson Foundation, a 501 (c)3
tax-exempt organization, that encourages financial support and partnerships
designed to further expand programming, services, and facilities. Generous
contributions to the Foundation to enhance the quality of care provided to
resident of Knute Nelson, tenants of Nelson Gables, and community seniors. |
Make a Donation Securely Online
Your gift to the Knute Nelson Foundation will help to strengthen and enhance
the quality of programs and services provided to residents and tenants of Knute
Nelson, Nelson Gables and Alexandria area residents. |
| Click the "Donate Now" button and follow the step-by-step
instructions. |
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| Your continued support is welcomed all year long. Thank you for your
gift! |
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| Donors will be recognized with a letter of acknowledgement and in
an annual edition of Connections. |
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| Ways of Giving |
| Knute Nelson welcomes gifts of all types and will work with you
and your financial advisors to maximize the value of your gift to Knute Nelson. |
| You can partner by giving |
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| For more information, contact Katie Perry, Vice President of
Communications and Development, at kperry@knutenelson.org
or 320-763-1153. |
| Please consider naming the Knute Nelson Foundation in your estate
planning. |
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| Increase the impact of your dollars! |
| As a member of Thrivent Financial for Lutherans, you have an
opportunity to increase your support to the Knute Nelson Foundation. Simply
complete the GivingPlus® Program application to supplement your gift. |
| Giving
Plus Application |
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| Gifts of cash |
| A gift of cash is often the simplest way to give. The gift can be
made by sending a check or money order directly to Knute Nelson or by using a
credit card (Visa, MasterCard). Cash gifts are deductible in the year in which
the gift is made. All gifts are acknowledged. |
By mail: Send check, draft or money order to
Knute Nelson Foundation
Attn: Communications and Development Office
420 12th Avenue East
Alexandria, MN 56308 |
| By credit card: Call Katie Perry, Vice President of
Communications and Development, at 320-763-1153 and be prepared to share your
credit card information, including card type, credit card number, expiration
date, amount of gift and date to debit the card. Knute Nelson accepts Visa and
MasterCard credit cards. |
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| Gifts of Stock |
| An appreciated stock gift is almost always more beneficial to the
donor than contributing cash to a charity. This is because a gift of
appreciated stock generally offers a twofold tax savings: |
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First, you avoid paying any capital gains tax on the increase in value of the
stock.
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Second, you receive an income tax charitable deduction for the full fair market
value of the stock at the time of the gift.
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Please consult your CPA or investment advisor to learn more about this
financial option.
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| To transfer stocks held with a broker or certificates held by you: |
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Call the Knute Nelson Foundation to notify us of your gift, kind of stock, the
number of shares and how you wish it to be used. You will be given the name and
phone number of the broker working with the Knute Nelson.
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Notify Knute Nelson when you made the transfer.
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| For more information, contact: Katie Perry, Vice President of
Communications and Development, at 320-763-1153. |
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| Annual Giving Programs |
| Annual Donors An annual appeal is mailed each year in
November. Gifts that are given to the annual appeal help to support the ongoing
programs and services of Knute Nelson. |
| Monthly Donors Gifts may be made on a monthly basis by
having Knute Nelson debit your credit card monthly for a set dollar amount. You
may designate your gift for a specific purpose. Call Katie Perry at
320-763-1153 for details. |
| Tributes or Memorials A gift in honor of or in memory of a
family member or friend is a special way to show your support for the mission
and values of Knute Nelson. |
| A tribute gift honors a special time in someone's life—a
birthday, anniversary, an honor or other memorable event. |
| A memorial gift, given in honor of a deceased loved one or
friend, remembers the deceased person. |
| A card acknowledging the tribute or the memorial gift will be sent
to the person or family being honored or remembered when you designate the
person you wish to honor at the time of your gift. The amount of your gift will
not be disclosed. |
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| Planned Giving |
| Wills/Bequests |
| Wills/bequests are among the simplest and most popular planned
gift vehicles for supporting the Knute Nelson Foundation. The will simply lists
the Knute Nelson Foundation as a beneficiary of the assets. You retain maximum
flexibility and use of your assets during your lifetime. Bequests are generally
deductible for estate and gift tax purposes. |
| A will/bequest can take any of the following forms: |
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specific bequest of a percentage or an exact dollar amount of the assets, or of
particular designated securities or other property;
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residuary bequest of all or a percentage or portion of your estate, after the
payments of specific amounts to other beneficiaries have been made;
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contingent bequest to take effect only in the event that your primary
beneficiaries as designated in your will have died before you.
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| Often a bequest can be arranged simply with the addition of a
codicil to amend your existing will. The wording of the bequest can be very
simple: |
| I give the Knute Nelson Foundation in Alexandria, Minnesota, ______
percent of the residue of my estate, to be used by Knute Nelson wherever the
needs are greatest. |
| OR |
| I give, devise and bequeath to the Knute Nelson Foundation,
Alexandria, Minnesota, (X dollars) or (X shares of stock) or (legal description
of real property) to be used to further their mission. |
| OR |
| To make a gift of all that remains after taking care of family and
other interests: |
| All the rest, residue and remainder of my estate, both real and
personal property, whatsoever and wheresoever located, I give, devise and
bequeath to the Knute Nelson Foundation, Alexandria, Minnesota, to be used to
further their mission. |
| For help in planning your will, contact Katie Perry, Vice President of
Communications and Development, at 320-763-1153 or
kperry@knutenelson.org. |
| As with any estate planning decision, consult your legal,
financial and tax advisors for advice and information on applicable state and
federal laws. |
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| Charitable Gift Annuities |
| A charitable gift annuity is a contract with the Knute Nelson
Foundation, which provides a life-long guaranteed payout to the donor. At a
time when interest rates are low, an annuity can provide a reliable source of
annual income at a rate higher than the current interest rate. The income
payments can supplement other income sources, such as Social Security and
pension benefits, which may not provide enough income by themselves. In
addition to the immediate tax deduction for a portion of the gift, some of the
income is also tax-free. |
The rate on the annuity is based on the donor’s age (generally,
the older the annuitant, the higher the level of income), whether it is a
single or two-life donor, and whether it is immediate or deferred. Once the
payments begin, be they quarterly, semi-annually or annually, they are set at
that amount for the life of the donor(s).
An example: A $10,000 charitable gift annuity in July 2004 for a single donor
age 60, would have an annuity income to the donor at an estimated 5.7% rate. |
| Here is how it works: |
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The benefactor makes an irrevocable gift to the Knute Nelson Foundation.
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In consideration of the gift, Knute Nelson agrees to establish an annuity for
the benefactor at a set payout for the rest of his/her or their lives.
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The benefactor receives an immediate tax deduction for making the gift.
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A portion of the annual annuity to the benefactor is tax-free income.
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At the time of the benefactor's death, the remainder of the original gift
belongs to Knute Nelson to further its mission.
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| A deferred charitable gift annuity is similar to a charitable gift
annuity except that the payments are deferred to a future date. A donor may
defer payments to years when income is needed more, such as retirement. The
donor obtains a substantial charitable income tax deduction in the year that
the gift is made. Because payments are deferred, allowing the principal to
grow, the donor enjoys a higher payout rate later. As with any estate planning
decision, consult your legal, financial and tax advisors for advice and
information on applicable state and federal laws. |
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| Charitable Trusts |
| Donors, with the help of their financial advisor, may choose a
charitable trust as a way of making gifts to the Knute Nelson Foundation while
providing for potentially significant tax benefits. There are a variety of
Trust vehicles to satisfy a particular benefactor's interest. A Trust can
increase income, reduce taxes, unlock appreciated investments and rid the donor
of investment concerns and obligations while making a significant gift to the
Knute Nelson Foundation. |
| Three specific Charitable Trusts are: |
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Charitable Remainder Trust (CRT)
A Charitable Remainder Trust is an irrevocable Trust that pays a fixed income,
for life or a specified period of time, based on the value of assets at the
time the Trust is created. Depending on the terms of the Trust agreement, the
Trust will then make payments to the donor and/or family or friends named by
the donor. When the Trust terminates, either at the end of the beneficiaries'
lifetimes or a period of years, the Trust's remaining principal will be
transferred to Knute Nelson for use. This planned gift has some generous tax
advantages, including avoiding or postponing capital gains tax on appreciated
property, and possible lower estate taxes.
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Charitable Lead Trust
If your goal is to provide an inheritance for your children but you would also
like to make a significant charitable gift through your estate, a Charitable
Lead Trust can help you satisfy both objectives. A Charitable Lead Trust can
lessen the estate tax burden for your children. As with any estate planning
decision, consult your legal, financial and tax advisors for advice and
information on applicable state and federal laws
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| Life Insurance Policies |
| Perhaps you would like to make a sizable contribution to the Knute
Nelson Foundation to support the programs and services of Knute Nelson in the
future but you do not want to reduce the estate you will pass onto your family.
The solution? Purchase life insurance. Life insurance policies can be an easy
method of supporting the Knute Nelson Foundation. A life insurance policy may
be purchased designating the Knute Nelson Foundation, Alexandria, Minnesota, as
a beneficiary. If an existing life insurance policy is no longer needed for the
original intent for which it was purchased, the beneficiary can be changed to
the Knute Nelson Foundation. |
| Giving insurance policies often creates current income tax
benefits as an income tax deduction for, roughly, the cash surrender value of
the policy. If the policy is not fully funded, you may continue to pay the
premiums and receive a tax deduction for the annual premium amount. To qualify
for a federal tax deduction, one must name the Knute Nelson Foundation as owner
and beneficiary of the policy which can readily be accomplished through your
insurance company. |
| As with any estate planning decision, consult your legal, financial
and tax advisors for advice and information on applicable state and federal
laws. |
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| Gifts of Property/Real Estate |
| A gift of property, free of mortgage, alleviates capital gains tax
and gives the donor an income tax deduction on the fair market value of the
gift. Donors may be allowed to remove the asset from their taxable estate and
give the property to charity while still living on the property. |
| Estate Agreement: With this agreement, a donor transfers
the title to a residence or farm to the Knute Nelson Foundation while retaining
the right to live there and use the property for life. The donor may be
entitled to a current tax deduction equal to the value of the remainder
interest. |
| For more information, contact Katie Perry, Vice President of
Communications and Development at 320-763-1153 or
kperry@knutenelson.org. |
| As with any estate planning decision, consult your legal, financial
and tax advisors for advice and information on applicable state and federal
laws. |
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| Individual Retirement Accounts (IRAs) |
| Donors may wish to make a gift of some of their retirement assets
to the Knute Nelson Foundation. Naming Knute Nelson as a beneficiary of your
Individual Retirement Account (IRA) or other retirement plan assets can be an
ideal way of making a future gift to the Knute Nelson Foundation for the
purposes of carrying on the programs and services of Knute Nelson. Doing so can
also provide double tax benefits by avoiding estate tax and income tax that
would otherwise be due if the assets were left to your heirs. |
| As with any estate planning decision, consult your legal, financial
and tax advisors for advice and information on applicable state and federal
laws. |
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