Why We Give

Couple sitting on the porch with their dog.1897 Legacy Society members share in their own words why they chose the special gift of planned giving for Neighborhood House.

A Value that I Want to Live On

"I share Neighborhood House's value for the dignity of all people ... a value that I want to live on even after I'm gone. It has taught me that everyone has something to give and everyone has something to receive so as Steve and I were creating our will, we decided to provide for Neighborhood House as well as for our children and grandchildren. It was easy to do and we feel happy knowing that Neighborhood House will receive one final gift from us." —Eileen McMahon

Our Impact Continues Beyond Our Lifetimes

“It is immensely rewarding to know that we will be able to give a final gift that signals we care about our community and think Neighborhood House is the organization that will ensure that everyone thrives. We also hope it will inspire others to increase their commitment to Neighborhood House’s mission. That’s a win — win.” —Mike and Jodi Clark

To Help Ensure that Neighborhood House will be able to Continue

“When we walked through the doors of Neighborhood House for the first time in 1998, we had no idea that this would be a turning point in our lives. We were inspired by the courage and motivation of the refugees, immigrants, and others in need who strive daily to overcome obstacles that seem almost insurmountable. We love volunteering in the most diverse place in the Twin Cities, surrounded by the laughter and languages of the world. We see the results of our efforts and always know that our time has been well spent and our donations wisely used.

Our legacy gift will help Neighborhood House Continue welcoming the stranger and repairing the world for generations to come” —1897 Legacy Society member

A charitable bequest is one or two sentences in your will or living trust that leave to Neighborhood House 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

Bequest Language

"I, [name], of [city, state ZIP], give, devise and bequeath to Neighborhood House [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 Neighborhood House 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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 Neighborhood House as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. 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 Neighborhood House 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 Neighborhood House where you agree to make a gift to Neighborhood House 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

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eBrochure Request Form

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