Minneapolis, MN

Three things to consider when making a charitable giving plan

Stephanie Moua

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SAINT PAUL, MN — Looking for ways to help organizations and causes that matter to you? Consider collaborating with the Saint Paul & Minnesota Foundation to develop and implement a charitable giving strategy.

Based on your charitable giving objectives, our team will collaborate with you and your professional advisors to develop a strategy that best fits your giving vision. We also provide a number of options for putting that plan into action through current or future gifts.

To begin developing your strategy, we will work with you to answer the following three questions:

1. What are you hoping to achieve?

It's critical to consider your goals when creating a giving strategy. Your giving goals as a donor may include things like supporting your favorite non-profits on an annual or perpetual basis, investing in the needs of the community or engaging your family or loved ones in giving.

2. What is the best type of fund to meet your objectives?

The Saint Paul & Minnesota Foundation can assist you in determining which fund option is best for you based on your objectives.

A donor advised fund is the best way to stay involved in your philanthropy. It allows you to support causes and organizations during your lifetime, while also allowing your family and friends to support the community for future generations.

A designated fund may be a good option to ensure that the non-profits you care about receive funding beyond your lifetime. Designated funds provide assistance to one or more charities that you name, ensuring that those organizations receive consistent and reliable funding. You choose which non-profits to support, and we make annual grants to those organizations in perpetuity.

If you are interested in supporting the community’s changing needs, unrestricted gifts may be the best option. These contributions enable you to make a long-term investment in the community's quality of life. Your fund will make grants to deserving non=profits that address emerging and changing community needs each year.

3. What is the best way for you to contribute?

Once you've determined your fund type, you can figure out how to best support it. While many donors give cash, the foundation can also accept a variety of non-cash assets. Our team has worked with each of these options and can help guide you toward the best option for you to make a gift today or in the future.

People today choose to make gifts in a variety of ways other than cash, such as stock, real estate, virtual currency, crops, livestock and machinery.

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