Memorial gifts
Types of Memorial Gifts
Cash
- The most common way that memorial gifts are made is in the form of cash.
- Many times it is a memorial fund created by family members to which many may donate.
- A donation to a charity by check or in cash is immediate and goes to work to help attain the mission of the organization.
- It is the simplest gift you can make, and it often allows the largest number of people to participate in the charitable act.
Memorials through a bequest
- A memorial bequest offers you two opportunities:
- to create a new gift or continue an important ministry through the works of Mount Saint Benedict Monastery, or
- to honor a loved one through a permanent memorial.
- To make a bequest in your will, you may leave a fixed dollar amount or a percentage of your estate.
- Your bequest could create a fund in memory of you, your loved one or a specific cause in your name.
Gifts of property
- A gift of stock, real estate, jewelry, antiques, art, life insurance or other property offers an excellent way to memorialize a loved one.
- You may deduct up to 30% of you adjusted gross income for gifts of securities or real estate it you itemize. No capital gain is recognized if appreciated securities or property is gifted even though you obtain a deduction.
Ways to make memorial gifts
Donor advised funds:
The donor establishes funds (usually named in their honor) and retains the right to advise Mount Saint Benedict Monastery on the distribution of funds and their earnings on an annual basis.
Designated beneficiary funds
The donor establishes a memorial fund for the ongoing support of Mount Saint Benedict Monastery and one or more of its ministries.
Field of interest funds
The donor establishes funds designated for specific areas of concern. Guidelines may be established mutually between the donor and Mount Saint Benedict Foundation to direct the use of these funds
If you are interested in more information about making a Memorial Gift to the Sisters of Saint Benedict, please contact Mount Saint Benedict Foundation, 629 Summit Ave., Crookston, MN 56716-2799, or email Foundation director.
Charitable Gift Annuities and Charitable Remainder Unitrusts
Life Insurance
Wills
Living Trusts
