We encourage you to consult with your legal and financial advisors when considering a planned gift.

Next steps:

1. Consult with your attorney or financial advisor on which strategy would work best to fulfill your philanthropic goals.  Some planned giving strategies may have a greater tax benefit to you than others.
2. To learn more about legacy gifts to CLC, to inform us of your intentions, or to ask questions, please contact us at development@clcmn.org or at 651-644-4438.
3. If you decide to include CLC in your plans, please use our legal name, address and Federal Tax ID, and please notify us of your intentions.

Legal Name:  Children’s Law Center of Minnesota
Address:    450 North Syndicate Street, Suite 340, St. Paul, MN 55104
Federal Tax ID Number: 41-1761589

Bequests
You may include Children’s Law Center of Minnesota when preparing your will, or ask your estate planner to add a codicil to an existing will designating Children’s Law Center of Minnesota as a charitable beneficiary.  You may choose to leave any combination of:

• A specific dollar amount;
• A specific percentage, or all, of your residuary estate (the remainder left after bequests to others, debts and expenses are paid);
• Specific items of property such as stocks, bonds, real estate, jewelry or historical artifacts;
• A gift in trust that pays a portion of the trust property to individual beneficiaries and a portion to Children’s Law Center of Minnesota.

The following is suggested language for remembering Children’s Law Center of Minnesota in your will/estate planning:

“Upon my death, I give the sum of $__________
[or]the following property __________________
[or] _____% of my estate
[or] the residue of my estate
to Children’s Law Center of Minnesota (Tax ID 41-1761589), located at 450 North Syndicate Street, Suite 340, St. Paul, MN 55104, for its general uses and purposes.”

Suggested language to use in your trust:
“Upon the trustor’s (alternatively: settlor’s) death, the trustee shall distribute the sum of $_______ to Children’s Law Center of Minnesota (Tax ID 41-1761589), located at 450 North Syndicate Street, Suite 340, St. Paul, MN 55104, for its general uses and purposes.”

Life Insurance Gift
You may transfer ownership of a life insurance policy to Children’s Law Center of Minnesota or designate Children’s Law Center of Minnesota as the beneficiary of the insurance policy.  You may be entitled to an income tax charitable deduction in the year of your gift.  You can also purchase a new policy to benefit Children’s Law Center of Minnesota.

Retirement Plan Gift
The principal advantage of donating retirement plan assets to Children’s Law Center of Minnesota is that you may avoid all income and estate taxes.  If you leave these assets to a non-spousal individual beneficiary, they may be subject to extremely high estate tax and income taxes.  You may instruct the institution that handles your retirement accounts to designate Children’s Law Center of Minnesota as the beneficiary of your IRA or pension plan.  Retirement plans may also be used to fund charitable remainder trusts.

Charitable Remainder Trust
Transfer assets to a trustee and each year you and/or someone you have designated will receive income from the trust.  The trust may last either for a term of years or for life.  The trust allows you to receive an income tax deduction now, arrange for tax-free growth of retirement assets, and receive a retirement income from the trust when you retire.  When the trust ends, the remaining trust assets will pass to Children’s Law Center of Minnesota.

For additional information about any of these planned giving opportunities, please contact us at development@clcmn.org or at 651-644-4438.