Popular ways to make Planned Gifts 

 

Create a Named Endowment

You can establish a permanent named fund to support programming, the historic Village, a favorite exhibit, or the Research Library. Start a conversation with us today about a named endowed fund to ensure FCHM’s future.  

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Named endowment gifts are permanently invested along with the general FCHM endowment assets, but are dedicated to specific purposes directed by you. A portion of the fund’s value (currently 5%) is distributed each year for the purposes you’ve designated. Your initial gift remains invested with the objectives of preserving the principal and growing both the fund and distributions in perpetuity.

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You can create a named endowed fund that reflects your FCHM interests and passions with a commitment of $100,000 or more through lifetime or estate gifts. The endowed fund can reflect the name of the donor or someone the donor wishes to honor or memorialize. 

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Make a gift that pays you back

A Charitable Gift Annuity provides you with a fixed income for the rest of your life at rates ranging from about 4% to 9%, depending on your age. 

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Charitable gift annuities are one of the most popular planned gift options, and are offered by FCHM. They provide donors with a safe fixed income for their lifetimes, as well as significant tax benefits.

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        Benefits of Charitable Gift Annuities

Safe, stable income for life

Excellent way to increase income from appreciated assets or cash

Easy to set up and manage

Reduces income tax and capital gains tax

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Beneficiary designations

It’s easy to make FCHM a beneficiary of your will, trust, retirement account plan or life insurance policy. Freeborn County Historical Society Federal Tax ID number is 41-0872543.

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Sample bequest language for an unrestricted gift:

I give _____[the sum, percentage, or description of property] to Freeborn County Historical Museum, Albert Lea, Minnesota, to be used for its general tax-exempt purposes, but without other restriction as to use.

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Sample bequest language for a restricted gift:

I give _____[the sum, percentage, or description of property] to Freeborn County Historical Museum, Albert Lea, Minnesota, to be [used to support ____] [ to be added to the _______endowment fund].

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Contact us for instructions on making FCHM a beneficiary of your retirement account or life insurance policy.

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IRA Qualified Charitable Distribution is now a permanent law

A popular, tax-smart option for giving is a qualified charitable distribution (QCD) from your Individual Retirement Account (IRA). The law permitting special treatment of QCDs from IRAs was extended by Congress and the President on December 18, 2015. Contact us to learn more..

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Visit with us about your options

Stephanie Kibler
Executive Director