Planned Giving

A bequest is one of the simplest and most flexible ways to leave a legacy. With help from your attorney, you can include Hennepin Healthcare Foundation in your will, trust, or beneficiary designation form.

Benefits:

• Receive an estate tax charitable deduction
• Reduce the tax burden on your family
• Leave a lasting legacy aligned with your values

How it works:

• Name Hennepin Healthcare Foundation as a beneficiary in your will or trust
• Designate us as a full or partial beneficiary of your IRA, 401(k), or life insurance policy
• Use a beneficiary form to update existing plans

If you’re 70½ or older, you can make a qualified charitable distribution (QCD) directly from your IRA to Hennepin Healthcare Foundation—lowering your taxable income while making a meaningful gift.

Benefits:

• Reduce income tax from required minimum distributions
• Support lifesaving care at no additional cost to you
• Make an immediate impact

How it works:

• Contact your IRA plan administrator to transfer up to $100,000 directly to us
• Gifts must come directly from your IRA to qualify
• Your donation will not be included in your taxable income

You can name Hennepin Healthcare Foundation as a beneficiary of a retirement, investment, or bank account—or even a life insurance policy.

Benefits:

• Easy to set up—no need to change your will
• Avoid taxes on retirement assets
• Leave more for the people and causes you care about

How it works:

• Request a beneficiary designation form from your plan administrator
• List Hennepin Healthcare Foundation as a full, partial, or contingent beneficiary
• Your estate may receive a charitable tax deduction
   

Receive fixed payments for life in exchange for a gift to Hennepin Healthcare Foundation. It’s a win-win: you get a reliable income and support a mission you believe in.

Benefits:

• Guaranteed lifetime payments for you or a loved one
• Possible partial tax-free income
• Immediate charitable income tax deduction

How it works:

1. Donate cash or appreciated assets
2. We provide fixed payments to you for life
3. You receive a tax deduction for a portion of the gift
4. After your lifetime, the remaining value supports our work
    

If you're 70½ or older, you can make a one-time IRA rollover (up to $54,000) to fund a charitable gift annuity and receive fixed payments for life.

Benefits:

• Receive lifetime income from your IRA
• Reduce taxable income while fulfilling your required minimum distribution
• Support Hennepin Healthcare Foundation with a future gift

How it works:

1. Contact us to set up your gift annuity
2. Instruct your IRA administrator to transfer up to $54,000 directly to Hennepin Healthcare Foundation
3. Begin receiving fixed annuity payments for life
4. After your lifetime, the remaining gift supports our mission