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Planned Giving

Supporting the Zoo From the Start

Ellie Crosby"I always thought I needed mountains and oceans to survive, but when I moved to Minnesota, I never left. I love it here!"

Ellie Crosby grew up on a farm in Philadelphia surrounded by animals and nature. As an economist, Ellie worked for the Federal Reserve and for famed economist Walter Heller. When she married her late husband, Tom, they moved to Minnesota, where she found her new home and a new connection to nature and animals.

Ellie was an advocate for the establishment of the Minnesota Zoo and worked to support the Zoo since its inception. She has held many roles including Zoo board chair (1993-95), board member of both the Zoo and the Zoo Foundation and Conservation Committee member. She is currently a member of the Foundation Board and holds the distinction of honorary trustee.

Ellie is most proud of her work in the early years of conservation programming at the Minnesota Zoo with Dr. Ron Tilson and Ned Dayton. The work done in those years helped establish the tiger species survival program, and led to current conservation endeavors such as programming for Asian wild horses and rhino preservation in Namibia, as well as mussel, turtle and butterfly programs closer to home.

Her commitment to the Zoo is the reason she chose to create a charitable gift annuity. It is an attractive instrument that provides a lifetime income stream to her. Charitable gift annuities function like a commercial annuity, which provide a set payment to the donor. The only difference is the charitable component, which provides a tax deduction to the donor and ultimately a donation to the charity.

"Financially supporting the Zoo makes me feel good and I would encourage others to think about where they would like to make a long-term impact. A charitable gift annuity is just one method of giving. You should explore the best approach for your own situation."

If you are interested in hearing more about charitable gift annuities or other types of planned gifts that will support the Minnesota Zoo, please contact Amalie Frankel at the Minnesota Zoo Foundation at 507.250.4264 or plannedgiving@mnzoo.org.

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charitable bequest is one or two sentences in your will or living trust that leave to the Minnesota Zoo an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequest Language

"I give, devise, and bequeath to the Minnesota Zoo Foundation, a non-profit Minnesota corporation, located at 13000 Zoo Boulevard, Apple Valley, Minnesota 55124, the sum of $____ (or, ___ percent of my estate, or, ___ percent of the residue of my estate) to be used for such purposes as the Board of Trustees determines at the time this bequest becomes effective."

 

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the Zoo or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the Zoo as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the Zoo as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and the Zoo where you agree to make a gift to the Zoo and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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