Planned Giving

Charitable Gifts

Making a current gift offers the greatest tax benefits, and allows you to see the gift’s impact during your lifetime.

Donation of Retirement Assets is often the best use for a charitable gift. Tax-deferred accounts (IRA, 401K, 403B) come due for a Required Minimum Distribution at age 70 1/2, which will be included in income tax. By gifting your distribution to charity, the distribution passes free of income tax, allowing AFMSP to receive the full value of the donation. In fact, Qualified Charitable Distributions allow you to avoid income taxes on those distributions and support organizations you choose, up to $108,000 annually.

Some donors choose to donate Appreciated Assets to charity, which not only avoids capital gains tax that would be due at sale, but avoids adding the gain to taxable income and triggering other taxes.

Click to view PDF

Legacy Giving

Bequest in Will or Trust

Making a bequest via a will or living trust is a simple way to leave a personal legacy that supports AFMSP. Donor states the amount to the AFMSP as a percentage, a specific amount, or the residue (remainder) of the estate.

Beneficiary Designations

AFMSP can be named as a primary or contingent beneficiary on:

  • Retirement accounts: IRAs, 401(k)s, 403(b)s, etc. Unlike your heirs, AFMSP isn’t required to pay income taxes on the amount received.

  • Securities: stocks, bonds, and mutual funds

  • Bank accounts: savings, checking, money market, and certificates of deposit

  • Insurance policies: either as a beneficiary or owner

  • Donor advised funds

Charitable Gift Annuity

Establishing a Charitable Gift Annuity or a Charitable Remainder Trust allows you to make a gift to a non-profit while receiving an income stream during your lifetime. Plus donors qualify for an immediate tax deduction. This can be an excellent option to consider if you have highly appreciated assets, stock, or required minimum distributions from an IRA. Donors can also use cash to create these gifts.

We would be happy to meet with you as you consider ways to leave a legacy at the Alliance Francaise Mpls/St Paul. Please reach out to Rachel Joyeux, Development Director or Christina Selander Bouzouina, Executive Director, to discuss the most meaningful ways you envision leaving a legacy for the AFMSP community.