Planned Gifts … Your Legacy of Hope

As a partner in ministry during your lifetime, you have helped ensure our rescue and recovery services meet the needs of countless homeless and near-homeless individuals and families in our community. Now you have the opportunity to continue your legacy of compassionate care in perpetuity by making a Legacy of Hope planned gift.

Why do we call it a legacy? Because choosing to benefit the Mission with a portion of your estate says a lot about your values and your commitment to those values. Giving beyond your lifetime sends a strong message to your loved ones and peers. And it extends your help to future generations of homeless men, women and children served by the Mission. That’s quite a legacy!

Here’s how you can leave a Legacy of Hope:

Gifts of Cash
Made during your lifetime, cash gifts can be deducted up to 50 percent of your contribution base.

Bequest Through Will
You can make a bequest to Northlands Rescue Mission of a dollar amount, specific property, a percentage of your estate or the remainder of your estate after taking care of your loved ones.

Gifts of Life Insurance
Making the Mission a beneficiary to part or all of a life insurance policy is a simple way to make a significant gift. You may receive a tax deduction for the cash surrender value, reducing your tax liability in the year of the gift.

Retirement Account
You may realize significant estate tax savings when you designate Northlands Rescue Mission as a beneficiary. This is often a tax-efficient way to make a gift because of the income tax savings and charitable deduction allowed your estate.

Click image to download our Legacy of Hope brochure.

Gifts of Appreciated Stock, Bonds or Mutual Funds
Appreciated stock, held more than one year, makes an excellent charitable gift. You can avoid capital gains taxes and receive a tax deduction for the value of the gift up to 30 percent of your contribution base. Bonds and mutual funds are similar to appreciated stock in the tax treatment. State, municipal and U. S. government bonds are also welcomed.

Gifts of Property
Gifts of property can be simple to make, but due to special tax considerations, please contact our planned giving staff before giving property valued at $500 or more. Making a gift of your home or farm has definite estate-tax advantages, and the donor can often continue to live in the property the rest of his or her life.

Charitable Remainder Trust
Donors can select the rate of return from these income arrangements and also choose a fixed or fluctuating annual payment. Capital gains taxes can be avoided and you receive a tax deduction based on the age of the income recipient and the rate of return.

Charitable Lead Trust
Assets, like cash or securities, are transferred to a trust that pays income from the fund to Northlands Rescue Mission for the number of years you determine. At the time period’s end, the trust terminates and the assets are given back to the person(s) you name. The income tax deduction is for payments made annually to the Mission.

Endow Your Gift
Like many of our donors, you likely give a set amount to Northlands Rescue Mission each year. If you would like to ensure the Mission continues to receive the same amount from your estate every year after your death, consider endowing your gift. Our endowment will invest your donations, then use the interest from the investment to provide the annual stream of income you have traditionally given through your lifetime.

Please Note! Always consult your tax advisor, financial planner or attorney when making decisions about a planned gift.

Questions?
Contact Executive Director Dave Sena at (701) 772-6609, ext. 200 or e-mail Dave to learn more about making a legacy gift to Northlands Rescue Mission. To download our Legacy of Hope brochure, click here.