What Your Gifts Will Do

Each year, Northeast Residence, Inc. has an annual fund drive to help support the ongoing needs of the organization. These include the day-to-day activities for the children and adults we serve. Trips to camps, client vacations, adaptive equipment, vehicle operating expenses, food and housing expenses, and staff training and development, are just some of the examples of areas that the annual gifts go towards supporting. These are all things that Northeast Residence, Inc. does to provide the highest possible quality care.

The Long Term fund was established in 2010 to ensure the long-term future of Northeast Residence, Inc. This is a designated fund, and the proceeds will only be used at the discretion of the Board of Directors. Your gift to this fund makes a perpetual difference. Northeast Residence, Inc. long-term goal is to raise $2,000,000 for this fund, and then use only the interest generated from the investments in the funds.

In 1988 Ken and Marion Owens began to support Northeast Residence, Inc. employees by donating funds in support of a scholarship fund. Every year since that time, at least two, sometimes three, deserving employees have been recipients of either a $1,000 or a $2,000 award. In addition, every person applying has received money to help pay for books and supplies. Our good friends at Donatelli’s restaurant in White Bear Lake have graciously taken on the difficult task of grading each of the applicants and are also proud supporters of the Ken and Marion Owens Scholarship Fund.

You can make a donation in memory or in honor of a loved one.

Estate and planned giving is a way to combine your philanthropic goals with your estate planning objectives, thus allowing you to support Northeast Residence, Inc. and meet your personal and financial goals.

There are a variety of assets and investment vehicles that qualify as planned gifts and provide unique benefits for you. Planned gifts can be made with cash, stocks and other investment instruments, life insurance, real estate, or other assets, and can be made during the donor’s lifetime or upon death.

There are many benefits to planned giving. A planned gift may allow you to:

• Make a larger charitable gift than you thought possible
• Leave a charitable legacy for future generations
• Plan for the financial needs of a loved one
• Provide inheritances for your heirs at a reduced tax cost

Please consider leaving a lasting legacy and support Northeast Residence, Inc. through a planned gift. Planned gifts are an ideal way to express your support of Northeast Residence, Inc. mission, ensure the continued good work we do, and provide for children and adults with developmental disabilities.

If you are considering a planned gift to Northeast Residence Inc., seek charitable gift planning advice from qualified legal and financial advisors. Northeast Residence, Inc. works with Ameriprise Financial, and they will also be happy to help you. Please feel free to call Heidi Holste for more information at 651-765-0217 or email donate@nerinc.org.

Consider making a pledge to Northeast Residence, Inc. Gifts are accepted in any amount. You can make your gift in installments and even pledge multi-year gifts. The Development Office will mail you pledge reminders on a monthly, quarterly or yearly basis according to your preference.

You may make your pledge online or call Heidi Holste at 651-765-0217.

You may want to consider donating a life insurance policy to Northeast Residence, Inc. Because so many different life insurance plans are available, it is a very flexible, financial tool designed to meet a variety of needs.

There are several ways to support Northeast Residence, Inc. using life insurance:

• Name Northeast Residence, Inc. as the primary, secondary, or partial beneficiary on an existing life insurance policy
• Purchase a new policy naming Northeast Residence Inc. as a beneficiary
• Donate a paid for life insurance policy to Northeast Residence Inc.
• Purchase a policy benefiting your heirs to replace money or property you have given (or plan to give) to Northeast Residence Inc.

Donating your life insurance is a wonderful way to help Northeast Residence Inc. continue to support children and adults with developmental disabilities.

Be sure to consult your financial advisor.

To reduce the tax liability for your loved ones and help ensure that children and adults with developmental disabilities served by Northeast Residence, Inc. are able to participate in all life experiences, name Northeast Residence, Inc. as a beneficiary of your 401(k), Individual Retirement Account (IRA), or other qualified retirement plan.

Tax-deferred retirement plan assets can be subject to estate and income taxes – reducing the value of these assets to your children or someone other than your spouse by as much as 75%. Avoid double-taxation and name Northeast Residence, Inc. as a beneficiary of your 401(k), IRA, or other qualified retirement plan.

Ask your retirement plan administrator to designate Northeast Residence, Inc. as a sole or partial beneficiary:

Northeast Residence, Inc. Tax ID # 23-730-9993 410 East Little Canada Road Little Canada, Minnesota 55117

Or transfer the balance of your retirement plan to a charitable remainder trust. This allows you to make a significant contribution to educate, connect and empower children and adults with developmental disabilities, while providing Northeast Residence, Inc. with the resources needed for years to come.

Please be sure to consult your financial advisor before making a gift of your retirement assets.

This is a great time to consider making a gift of publicly traded securities that have increased in value. You may never be in a better position to benefit from a gift of stocks, bonds or mutual fund shares and support Northeast Residence, Inc.

Gifting securities benefits you in two ways. You could:

• Earn a charitable deduction for the full market value of the securities
• Avoid capital gains tax on securities you have owned for one year and that have increased in value

In addition, gifts of securities are fairly simple to complete. If your securities are held at a bank or a brokerage account, send a letter of instruction to your broker or banker with a full description of the securities and your gift’s intended purpose.

For delivery instructions and to ensure you receive the appropriate tax credit information, please call Heidi Holste at Northeast Residence, Inc. at 651-765-0217 or email donate@nerinc.org.

Note: If you transfer the shares before December 31st, you may claim a charitable deduction on your tax return.

As always, please be sure to consult your financial advisor before making a gift of stock or securities.

A charitable remainder trust (CRT) offers a way to make a gift to Northeast Residence, Inc. and provide income for years to come. To create a CRT, the donor transfers cash or other assets to a trust. The trustee manages the assets and each year income from the trust is paid to the beneficiaries. When establishing the trust, the donor must elect that regular payments be made in either a fixed dollar amount or a fixed percentage of the principal to the beneficiaries. At the end of the trust term, the principal balance of the trust would pass to Northeast Residence, Inc.

Cash or property may be used to fund a Charitable Remainder Trust. Provided the trust meets all the necessary requirements, the donor would be allowed a charitable income tax deduction for a portion of the assets contributed to the trust in the year that the transfer is made. The charitable trust offers the opportunity to avoid or reduce capital gains when you contribute appreciated property. The amount of the deduction and the portion of income that is taxable would depend on the specific terms of the trust.

Please be sure to consult your financial advisor before making Northeast Residence, Inc. a beneficiary of your Charitable Remainder Trust.

The Donor Bill of Rights was created by the Association of Fundraising Professionals (AFP), the Association for Healthcare Philanthropy (AHP), the Council for Advancement and Support of Education (CASE), and the Giving Institute: Leading Consultants to Nonprofits. It has been endorsed by numerous organizations.

Philanthropy is based on voluntary action for the common good. It is a tradition of giving and sharing that is primary to the quality of life. To ensure that philanthropy merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in the nonprofit organizations and causes they are asked to support, we declare that all donors have these rights:

I. To be informed of the organization’s mission, of the way the organization intends to use donated resources, and of its capacity to use donations effectively for their intended purposes.

II. To be informed of the identity of those serving on the organization’s governing board, and to expect the board to exercise prudent judgment in its stewardship responsibilities.

III. To have access to the organization’s most recent financial statements.

IV. To be assured their gifts will be used for the purposes for which they were given.

V. To receive appropriate acknowledgement and recognition.

VI. To be assured that information about their donation is handled with respect and with confidentiality to the extent provided by law.

VII. To expect that all relationships with individuals representing organizations of interest to the donor will be professional in nature.

VIII. To be informed whether those seeking donations are volunteers, employees of the organization or hired solicitors.

IX. To have the opportunity for their names to be deleted from mailing lists that an organization may intend to share.

X. To feel free to ask questions when making a donation and to receive prompt, truthful and forthright answers.