Gain more by giving
During this season of giving, we are thankful for people like you who choose to change lives. As a non-profit organization serving people with developmental disabilities since 1973, we depend on your support to bring quality experiences to the people we serve.
- Your gift of $50 can pay for Special Olympics activities
- Your gift of $100 can cover expenses for continuing education training for a staff member
- Your give of $500 can help provide a camping experience for a person we serve.
Northeast Residence, Inc. has several options for donors:
The Long Term Fund
The Ken and Marion Owens Scholarship Fund
Memorial and Honor Giving
Estate and Planned Giving
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 email@example.com.
You may make your pledge online or call Heidi Holste at 651-765-0217.
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.
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.
Publicly Traded Stocks & Securities
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 firstname.lastname@example.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.
Charitable Remainder Trusts
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.
Donor Bill of Rights
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.