Gifts That Cost You Nothing Now

Let Us Know!

Please let us know if you’ve already included a gift for the MSUM Foundation. Providing us with documentation is the best way to ensure that your gift is used in the way you intend.

Gifts in a Will


A gift in your will is one of the easiest ways to create your legacy and a powerful and lasting statement about the importance of education and transforming the lives of our students.

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No Cost

Costs you nothing now to give in this way

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Flexible

You can alter your gift or change your mind at any time and for any reason

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Lasting Impact

Your gift will create your legacy of helping others and giving back to our students and community

4 simple, “no-cost-now” ways to give in your will:

General Gift in Your Will

Leaves a gift of a stated sum of money in your will or living trust. For example, you might decide to leave each of your grandchildren $10,000. It’s considered to be ‘general’ because it doesn’t specify from where the money comes.

Residual Gift in Your Will

Leaves what is left over after all other debts, taxes, and other expenses have been paid.

Specific Gift in Your Will

Leaves a specific dollar amount, percentage, fraction, or specific items (collections, art, books, jewelry, and so on).

Contingent Gift in Your Will

Leaves a stated amount or share only if a spouse, family member or other heir/beneficiary does not live longer than you. In other words, your gift is contingent upon whether or not they survive after you.

Gifts by Beneficiary Designation


It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in supporting students in their exploration, discovery and transformation through the MSUM Foundation  — and it costs nothing now.

By naming the MSUM Foundation as a beneficiary of these assets, you power our approach to supporting our students during such a vital time of their lives. Your gift impacts students from all walks of life through the MSUM Foundation and becomes your personal legacy to the world.

Potential benefits of gifts by beneficiary designation:

Reduce or eliminate taxes on retirement assets

Reduce or avoid probate fees

No cost to you now to give

Create your legacy with the MSUM Foundation

To name the MSUM Foundation as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.

How to Change a Beneficiary Designation:

Login to your account or request a Change of Beneficiary form from your custodian (the business holding your money or assets).

Follow the links to change your beneficiary or fill out the form.

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Be sure to spell the name of our organization properly:
MSUM Foundation

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Include our tax identification number: 23‑7101061

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Save or submit your information online or return your Change of Beneficiary Form.

A Gift of Retirement Funds (Beneficiary of Your Retirement Plan):

You can simply name the MSUM Foundation as a beneficiary of your retirement plan to support students in their journey of discovery and transformation.

A Gift of Funds Remaining In Your Bank Accounts, Brokerage Accounts or Certificate of Deposit (CD):

This is one of the easiest gifts to give and one of the most useful in accomplishing what you want – focusing on student achievement and their accomplishments. The next time you visit your bank, you can name the MSUM Foundation, (Tax ID: 23-7101061), as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward ensuring all students get the opportunity to discover their passions and shape the world for generations to come.

Life Insurance Policy:

It’s not uncommon for people to have a life insurance policy that has outlasted its original purpose. If you do, you can use it (or a percentage of it) to reduce your taxes and create a gift to the MSUM Foundation that demonstrates your commitment to supporting students pursue their dreams and achieve their goals.  Request a beneficiary designation form from your life insurance company and make the MSUM Foundation a full, partial, or contingent beneficiary. (You can also sign over a fully paid policy. You’ll be allowed a tax deduction for your generosity.)

Donor-Advised Fund (DAF) Residuals:

What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name the MSUM Foundation as a “successor” of your account or a portion of your account value, you are supporting student scholarships, encouraging innovative teaching and programs, funding research and playing an active role in the successes of current and future generations.

Complimentary planning resources are just a click away.

Your Giving Toolkit

Donate Now

Donor-Advised Funds

Sample Language for Your Will

Sample Beneficiary Designation

Sample Codicil

For Trustees and Advisors

Need assistance? We're here to help!

Jared Miller

Jared Miller

Managing Director for Principal and Major Gifts

MSUM Foundation
218-477-2423
jared.miller@mnstate.edu

This information is not intended as legal, accounting, or other professional advice. For assistance in planning your gift(s), please consult a lawyer and/or financial advisor for professional advice.