Commonly asked Donor Questions
"I want to sell appreciated property, but I'm concerned about capital gains taxes."
Giving all or part of the asset to charity will eliminate or reduce capital gains taxes and can replace less efficient charitable giving, continue or begin to provide lifelong income, and/or provide satisfaction about supporting a charity of one's choice.
"I'll be receiving additional taxable income this year. I'd like to give some to a charity, but I'm not ready to decide which one."
A donor advised fund will lock in a tax deduction for the current year and allow as much time as is needed to choose the charity.
"I have a large retirement fund but my children will only receive 20 or 30 cents on the dollar."
Giving the retirement fund to an endowment from which heirs may recommend charitable gifts will reduce estate tax, eliminate income tax on the IRA distribution, and create a family legacy. In the meantime, other assets can be used for gifts to family members.
"I have no children, and it's time to write a will."
How do they want to be remembered? Suggest a charitable fund at the Mankato Area Foundation as a way to be remembered and an alternative to paying too much estate tax.
"I'd like to help a long-time employee (or friend, sibling, or parent)."
A life-income gift, such as a Gift Annuity, will assure the friend a lifetime income -- and support a favorite charity following the friend's death.