Legacy Giving

Wills or TRusts

Your contribution allows us introduce new generations to the Listening Point where they can experience what Sigurd was so passionate about firsthand.

Benefits

Your gift costs you nothing now. You retain control of your assets and can modify your gift at any time. Your gift can remain anonymous if you choose.

Your gift may provide tax savings or help reduce the tax burden for your heirs.

You will join LPF’s Legacy Giving Circle and have access to special events and activities throughout the year.

You can leave a gift in honor or memory of someone who inspired you.

You will be helping to protect Sigurd Olson’s legacy for future generations.

How It Works

Designate a particular asset or a percentage of your estate to LPF by including a bequest provision in your will or revocable trust. You can do this while creating your will or trust, or you can amend an existing one with a simple document. LPF can be either a primary or a contingent beneficiary.

  1. Unless you specify otherwise, your gift will be used to support our top priorities. If you wish to designate your gift to a particular program, please contact us for assistance in developing the language and to ensure that we can honor your wishes.

  2. You inform LPF of your commitment, which helps for planning and ensures your wishes can be fulfilled. This is especially important for gifts of real estate, business interests or other specialized property.

  3. LPF receives the gift after your lifetime and applies it to the purpose(s) you specified. Unrestricted charitable gifts are used to support top priorities.

  4. Your distribution is fully deductible for federal estate tax purposes, and there is no limit on the deduction your estate can claim. In addition, the gift is usually exempt from state inheritance taxes.

Legal Language

If you wish to name Listening Point Foundation in your estate plan, we should be named as:

The Listening Point Foundation, a nonprofit corporation, organized and existing under the laws of the State of Minnesota, with principal business address of:
106 E Wilson St, Ely, MN 55731

Our tax identification number is: 39-1929276

Date of incorporation: January 2010

More Information

Please talk with us as you are drafting your will or trust if you want to restrict the use of your bequest. The more narrowly you restrict its use, the greater the risk that the program you want to support won’t be as vital when we receive your gift in the future.

Similarly, please let us know in advance if you intend to bequeath real estate, a business interest or other specialized property.

The remaining balance in your retirement plan can make a tax-wise gift and can be donated to charity. Use your plan’s successor beneficiary form to avoid having it included in your taxable estate.

There are several types of bequests with different ways to control how your estate is distributed.

Contact us for more information by emailing giving@listeningpointfoundation.org or call (218) 365-8889