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Legacy and Planned Giving

As a person who cares deeply about helping others who are in need, you can make a tremendous difference in the lives of your neighbors by making a planned gift through your estate or establishing an endowment fund to benefit Lutheran Social Service of Minnesota.

Your investment in the future well-being of your neighbors and your community demonstrates your values and commitment beyond your lifetime. 

To learn more about making a legacy gift, please contact Mary Ella Pratte, Director of Leadership Giving at 651-969-2300.

Sandi and Dan ThorsonNorelius Society members Sandi and Dan Thorson are leaving a legacy at LSS. They have established an endowment fund to support LSS and Camp Knutson long into the future.

"We believe so strongly in the mission of LSS that we have made an estate gift, but we also want to 'give while we live' because it is deeply fulfilling to see our gift make a difference for people who are facing challenges and bringing joy into their lives."

Take the next step

You can make an outright gift to establish and endowment fund, or designate LSS as a beneficiary of your will, revocable trust, life insurance policy or retirement plan. Many gifts offer attractive tax savings, and some arrangements can bring you more income during your retirement years while leaving a lovely gift to LSS. A variety of giving options means there is a plan to suit every situation. Norelius Society gifts may be revocable or irrevocable and may include:

Become a member of the Norelius Society

To join the Norelius Society, please share a Letter of Intent indicating that you have remembered LSS in your estate plans. The Letter of Intent is not legally binding, and allows LSS to plan for the future and ensures your wishes will be fulfilled. Sharing your generous intentions also gives us the opportunity to thank you and serves as an inspiration to others. Please allow us to answer any questions, offer illustrations, and/or acknowledge your generous intentions by contacting Director of Major and Planned Giving Mary Ella Pratte at 651-969-2300.

I want to plan a gift based on my…

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Answer a few simple questions and we'll point you down the right path.

A charitable bequest is one or two sentences in your will or living trust that leave to Lutheran Social Service of Minnesota a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Lutheran Social Service of Minnesota [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to LSS of MN or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to LSS of MN as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to LSS of MN as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and LSS of MN where you agree to make a gift to LSS of MN and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.