Planned Giving
Gifts through Bequests, Securities and Assets
Support pediatric palliative care in Minnesota and the Midwest today. You can make a difference in a child’s life now and for future generations. Through a legacy gift to Crescent Cove, you can make a tremendous impact on a child’s life and the families who love them.
We would be happy to work with you and your professional advisor to ensure the legacy you choose best suits your needs and wishes. For more information, contact Jenny Floria at jenny.floria@crescentcove.org or 952.426.4711 ext 4.
Please note, our bank account and routing number has changed in recent months, please contact us at fundraising@crescentcove.org for new routing information if donating via ACH.
What are Donor Advised Funds (DAFs)?
A donor-advised fund (DAF) is an investment account with the sole purpose of supporting charitable organizations you care about. When you contribute cash, securities, or other assets to your DAF, you’ll enjoy an immediate tax deduction—and easily support Crescent Cove and other charities that matter to you, on your schedule.
You can make one-time gifts or set up recurring monthly donations. You can give to one charity or multiple, all from a single DAF.
DAFs are the fastest-growing charitable giving vehicle in the United States because they are one of the easiest and most tax-advantageous ways to give.
How do Donor Advised Funds work?
DAFs can be easily set up through your financial institution or through a community foundation to serve as a flexible charitable giving vehicle. For more information on how to establish a DAF, contact your community foundation or financial advisor.
Retirement Assets
Retirement assets are an excellent choice as a charitable estate gift, as they can pass free of income or estate tax, allowing the full value to be used by Crescent Cove.
- IRA Charitable Rollover: A tax-smart option is a qualified charitable distribution from your Individual Retirement Account (IRA). Learn more about this option here.
- A Charitable Gift Annuity is a gift option that provides you with a fixed income for the rest of your life at rates ranging from about 4% to 9%, depending on your age.
Qualified Charitable Distribution (QCD)
Are you age 70 1/2 or older? Do you have an IRA that is not needed to support your lifestyle? Are you paying taxed on unneeded, forced Required Minimum Distributions? If you could exchange these taxes for philanthropy and the charities important to you, would you make that exchange? You can.
Ask your advisor (financial planner, estate planning attorney, or CPA) if your specific circumstances support a Qualified Charitable Distribution. You can reduce your tax bill and increase your charitable giving.
Stocks and Securities
A gift of stock or securities may be made at any time. Please contact Josh Winfield for information to share with your financial planner or stock broker to initiate a stock gift. You can also reach Josh at 952.426.4711 ext 4.
Life Insurance
As a donor, you may designate Crescent Cove as a beneficiary to receive some or all the proceeds of a life insurance policy.
Bequests
A gift of any size may be made through a bequest or estate plan, and will ensure that Crescent Cove receives valuable support in the future. A gift through a bequest or will is not subject to estate tax. Please
Sample bequest language for an unrestricted gift:
I give to Crescent Cove, a nonprofit located in the state of Minnesota, [the sum of ________ dollars ($________) or description of property] for its general tax-exempt purposes without other restriction as to use, or for restrictions designated.
Sample bequest language for a restricted gift:
I give to Crescent Cove, a nonprofit located in the state of Minnesota, [all or _____ percentage (____%)] of the rest, residue and remainder of [my or the trust] estate, for [ to be added to the Harmon Killebrew Hospice Home for Kids Endowment Fund].