Gifts by Will or Living Trust

Gifts through your Will (commonly known as a bequest) or Living Trust offer the unique ability to retain control of your estate during your lifetime while also ensuring that your wishes will be carried out upon your death. You'll want to contact your attorney for specific instructions; however, it can be as simple as including the following statements.

"I bequeath the sum of ____ dollars (or percentage of your estate) to the I.S.D. No. 197 Educational Foundation located in Mendota Heights, Minnesota."

"I give the following described property to the I.S.D. No. 197 Educational Foundation located in Mendota Heights, Minnesota: ____________________."

"I give (amount, description of asset, percentage of estate, remainder, etc.) to the I.S.D. No. 197 Educational Foundation located in Mendota Heights, Minnesota to be added to its Endowment Fund. The I.S.D. No. 197 Educational Foundation will distribute only the earnings from the fund as specified by this request."

Gifts by Insurance

A gift of life insurance is another simple way to make a gift to the Foundation, and like a bequest, this type of gift allows you to make a substantial gift without taking on a large expense. You can take out a new new life insurance policy and name the Foundation as owner and beneficiary or you can designate the Foundation as beneficiary of all or part of an existing policy. 

Gifts by Retirement Plans

Many people are unaware that they can use their retirement plans to make a gift to charity. However, gifts from these plans can often be a very effective estate planning strategy. Traditional retirement plans are one of the best assets to leave to charity because they can escape income and estate tax. You can designate the Foundation as a beneficiary to receive all or a stated percentage of your retirement account upon your death. Talk to your plan advisor about making this designation.

Gifts of Personal Property

You may also wish to contribute an old computer or piece of audio visual equipment that may be desired by our schools. You should know that these are appreciated; however, for tax purposes it is better that they be donated directly to the district. Please call the district's business office at 651-403-7005 for more information.