Leaving a Legacy
Remembering Employment Enterprises, Inc. (EEI), in your will or planned giving is a wonderful way to leave a positive legacy and ensure we can care for adults with IDD or serious mental illness in the future.
Leaving a Legacy
You have many options for leaving a legacy, some of which might enhance your immediate financial security and/or that of your loved ones.
By planning legacy gifts, you may increase income from investment assets while receiving the satisfaction of making a meaningful gift to a cause you care about.
If you would like to discuss these options or make a planned gift to Employment Enterprises, Inc. (EEI), please contact Kathy Rutz at kathyr@eeimn.org or 320-639-2432.
Options for Planned Giving
Bequests
A bequest is a gift made through your will that directs the estate’s personal representative or trustee to make a gift from your assets after you die. Bequests may be used to provide gifts of money, stocks, real estate, or other property such as art, jewelry, equipment, and commodities. Bequests may also be directed towards an established endowment.
Endowment Legacies
Endowments are named gifts that are invested in perpetuity. The annual interest income from an endowment then supports specific programs and needs at an organization. Individual endowments are established through outright gifts, a will, insurance or retirement policies, trusts, and other planned gifts.
Charitable Remainder Trusts
Charitable remainder trusts allow you to transfer assets into an irrevocable trust that will provide you and or your beneficiaries with fixed percentage payments for life or for a set period of time. Upon termination of the trust, the remaining assets are distributed to the organization to be used for the purpose specified by you.
Charitable Annuity Trust
With a charitable annuity trust, you transfer assets to the organization in exchange for a guaranteed, fixed annuity payment to you or another beneficiary for life. Upon your death, the organization receives the full amount of the initial gift to use as specified in the agreement.
Life Insurance
The gift of a life insurance policy can be a great way to combine charitable objectives with tax advantages for you. This is possible because you may receive an income tax deduction by naming the organization as a partial beneficiary or owner of the policy.
Real Estate
Real Estate may be given outright, used to fund a charitable remainder trust, or given as a life estate (see below).
Life Estate Agreements
In a life estate agreement, you transfer the title of your real property to the organization. In return, you reserve the right to use the property throughout your lifetime. Upon your death, the property becomes an asset of the organization.