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| The Southwest Initiative Foundation can receive many types of gifts and has all the resources to help philanthropists make a difference in southwest Minnesota. |
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Giving Options
The Southwest Initiative Foundation helps build and strengthen the 18 counties of southwest Minnesota by providing a variety of opportunities to invest your charitable dollars in this great part of the state. From supporting the Foundation’s General Endowment to establishing a separate fund to benefit your particular area of interest, the Southwest Initiative Foundation has all of the tools you need to help accomplish your charitable goals and give back to the causes you care about most. In addition, SWIF is a public charity and 501(c)(3) organization, so gifts are tax deductible to the full extent of the law.
The Southwest Initiative Foundation fosters change, touches lives, and strengthens southwest Minnesota communities like no other organization. Let us be your partner in accomplishing your charitable goals and making southwest Minnesota an even greater place!
Please contact us for more information about making a gift to the Foundation.
There are many ways to give to the Southwest Initiative Foundation:
Cash Gifts
The simplest method of giving is to mail a check to our office, or make your donation online by using a credit card.
Real and Personal Property
A residence or other real property may be given as an outright gift, or you may prefer to give your residence, farm, or vacation home and retain the right to occupy it for life. Personal property, such as paintings, cars, or musical instruments, makes excellent gifts.
Gifts of Grain
Gifts of grain allow farmers to accomplish significant tax savings while charitably benefiting their community.
In exchange for a gift of money or securities, SWIF will pay you and/or a loved one a fixed amount annually for the rest of your life. A portion of this income is not taxed, and at the time of the gift, you also receive a charitable deduction.
Appreciated Securities
When you give long-term appreciated securities, not only do you receive an income tax deduction equal to the market value of the securities, but you also avoid capital gains taxes on the transfer.
Bequests and Retirement Plans
A provision in your will allows you to make a substantial contribution without diminishing the assets available to you during your lifetime. Since bequests are deductible from your taxable estate, significant estate tax savings are possible. In addition, naming the Southwest Initiative Foundation as a beneficiary of your retirement plan also avoids income tax when SWIF would receive its distribution from the plan.
Life Insurance
When you give a life insurance policy to the Southwest Initiative Foundation, the cash surrender value of the policy or the cost of a replacement policy is deductible as a charitable contribution. If you continue to pay premiums after your gift, those premiums are also deductible.
You can use an irrevocable trust to provide yourself and/or a loved one with a fixed annual income or an income which varies with the value of the trust. Part of your gift qualifies for an income tax deduction, as calculated with IRS tables. At the death of the last income beneficiary, the corpus of the trust is distributed to the Southwest Initiative Foundation.
You can support SWIF for a term of years or for the life of an individual by creating a charitable lead trust. Income will be paid to the charities of your choice each year during the terms of the trust, and when the trust terminates, the assets revert to you or to individuals you wish to benefit.
SWIF thanks professional advisor partners
Southwest Initiative Foundation works with many professionals throughout the region to meet donor needs and wishes. The following advisors from the fields of accounting, financial planning, insurance, investments, law and trust management have helped one or more of their clients plan estate gifts to the Southwest Initiative Foundation General Endowment and family of funds.
It is with deep gratitude that we thank these professionals for partnering with SWIF to create giving solutions for their clients.
Patrick Costello, Attorney
Costello, Carlson & Butzon, LLP in Lakefield
Lawrence Frank, Attorney
Estebo, Frank Gilk & Munshower Ltd. in Redwood Falls
Daniel Honsey, Attorney
Kraft Walser Law Office in Hutchinson
Larry Jensen, Attorney
Thomton, Sperry, Jensen & Keithahn in Litchfield
Robert Saunders, CPA, CFP
Saunders Mertens Schmitz, PA in Bird Island
Bradley Schmidt, Attorney
Johnson, Moody, Schmidt & Kleinhuizen in Willmar
Richard G. Stulz, Attorney
Swenson, Nelson & Stulz PLLC in Madison & Dawson
Ron Wicklace, Financial Planner
Diversified Financial Group in Canby
Note: Additional Professional Advisors may have helped clients plan estate gifts to the Southwest Initiative Foundation that are not known to us at this time. Contact SWIF Legacy Gift Planner Bob Golberg at 800-594-9480 or bobg@swifoundation.org with questions about working with SWIF.
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