A legacy gift to United enables donors to perpetuate their values while strengthening United for future generations. Your foresighted act of generosity conveys to your loved ones that you value United’s mission and believe it is important to preserve for future generations.
Many friends have helped assure United’s future by planning ahead. We encourage a personal conversation to outline the variety of ways to leave a lasting gift.
Securities and other assets
United accepts gifts of appreciated, publicly traded securities, as well as other types of property, such as life insurance benefits, retirement plans, appreciated personal property and appreciated real estate.
Income-returning charitable gifts
- Charitable Gift Annuity (CGA) provides a fixed income stream to one or two people for their lifetimes. A portion of the gift is usually deductible as a charitable contribution. Depending upon the cost basis of the funding asset, some of the income may be tax-free for a number of years.
- Charitable Remainder Trust (CRT) is a tax-exempt trust that provides a fixed or variable income stream to one or several individuals for their lifetimes or a period of years. A portion of the gift may be deductible as a charitable contribution.
Bequests and estate plans
- Include United in your will or living (revocable) trust. Your attorney can likely do this by making only a small change—a codicil to your will or an amendment to your trust—without rewriting the document.
- Name United as a beneficiary of a life insurance policy, retirement plan account, or bank or stock account. This is done by working with your agent, bank or financial advisor.
- Make a gift of your personal residence or vacation home today, while retaining the right to live in and use the property for your lifetime. This is referred to as a gift of real estate with a retained life estate.
Barnabas Heritage Society
If you have already included United in your estate plans, thank you. We would appreciate your making us aware of your plan, because you are eligible for membership in the Barnabas Heritage Society, the donor recognition designation for those who have included the seminary in their estate plan or made qualifying income-returning gifts.
Legal Language for Advisors
Tax Identification Number: 41-0854766
United Theological Seminary of the Twin Cities
3000 Fifth Street Northwest
New Brighton, Minnesota 55112-2598
Sample bequest language:
“I give to United Theological Seminary of the Twin Cities, New Brighton, Minnesota, a 501(c)(3), Minnesota nonprofit corporation, [insert the amount of cash; describe the securities or other specific asset given; or state the percentage of the residue of your estate given] to be used for its unrestricted general support [or state the restricted purpose].”
We welcome your thoughts about the best way to contribute to United’s future through income-returning and estate plan gift options. Please contact Bradley Reiners, vice president for advancement, 651.255.6164, to schedule a meeting.