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Planned Giving

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Hope. Health. Healing.

For generations to come

Make a difference in people's lives and always be remembered for your contribution
Benefit yourself, your family and our organization with your gift
Help our organization fulfill its mission for many years and generations to come
Donor Enewsletter Estate planning guide Legacy society

Giving Home > How to Give > Bequest

Bequest

A bequest is a gift you can make to support Park Nicollet Foundation's mission in your will or living trust or with a codicil.

A bequest allows you to continue to use the property you will leave to us during your life and make a lasting impact on our work after you are gone.

Benefits of a bequest

  • Receive an estate tax charitable deduction
  • Reduce the burden of taxes on your family
  • Leave a lasting legacy to our organization

Charitable bequest video

How a bequest works

A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Park Nicollet Foundation as part of your estate plan, or you can make a bequest using a beneficiary designation form.

Here are some of the ways to leave a bequest to Park Nicollet Foundation

  • Include a bequest to Park Nicollet Foundation in your will or revocable trust
  • Designate Park Nicollet Foundation as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
  • Name Park Nicollet Foundation as a beneficiary of your life insurance policy

A bequest may be made in several ways

  • Specific Bequest - A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Park Nicollet Foundation.
  • Percentage Bequest - Another kind of bequest involves leaving a specific percentage of your overall estate to our organization. For example, you may wish to leave 10% of your estate to Park Nicollet Foundation.
  • Residual Bequest - A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to our organization. For example, you may wish to leave 30% of the residue of your estate to Park Nicollet Foundation.

Review sample bequest language

Contact Us

If you have any questions about leaving a bequest to us, please contact us. We would be happy to assist you. If you have been so generous as to include a bequest to Park Nicollet Foundation as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.