A gift from your estate is an easy way to make a future gift in support of health-related research, education, and care at the University of Minnesota. You retain the use of the asset during your lifetime and the ability to modify your gift. Estate gifts can be made through your will, revocable (living) trust agreement, retirement plan, or life insurance. You also can make the Minnesota Medical Foundation (MMF) beneficiary of your bank account (via POD — “payable on death” designation) or your stock portfolio or real estate (via TOD — “transfer on death” designation).
Following is sample bequest language:
“I give [the sum, percentage, or description of property] to the Minnesota Medical Foundation, Minneapolis, Minnesota, free of trust, to be used wherever the needs and opportunities are greatest.”
“I give [the sum, percentage, or description of property] to the Minnesota Medical Foundation, Minneapolis, Minnesota, to be used for the benefit of the [name of school, department, or program].”
To designate the Minnesota Medical Foundation as a beneficiary of your life insurance policy or qualified retirement plan, you will need the foundation’s tax ID number: 41-6027707.
For more information about leaving an estate gift to MMF, please contact the Office of Gift Planning at 612-625-1440, 800-922-1663, or email@example.com.