Gifts are tax-deductible and may be made during the donor's lifetime or by bequest in a will.
Bequests - A donor designates that Dollars for Scholars is to receive a specific amount, a percent of the estate or a piece of property.
Life Income Gifts - A donor makes a gift to Dollars for Scholars, in return for which he or she receives income for life.
Gift Annuity - In exchange for a gift of cash or securities, a donor receives a guaranteed annual payment for life. When the annuity terminates, a permanent endowment fund is established in the donor's name. This fund may be used to support a named scholarship.
Outright Gifts - Gifts made during a donor's lifetime can take the following forms:
Friends of Dollars for Scholars - Provides an opportunity for the donor to make a contribution to the annual operation of Dollars for Scholars, or to make periodic contributions to Dollars for Scholars endowment in a scholarship fund named after the donor or his or her family, or in memory of a loved one.
Unrestricted Fund - To be used as the board deems necessary.
Designated Fund - Allows the donor to restrict payment to named scholarship.
Gift Information "At a Glance"
Legal Name: Fergus Falls Area Dollars for Scholars
Sample Will Language: Provided upon request
Gift of Securities, Real Estate, Life Insurance: Accepted. Transfer information upon request.
Life Payment Plans, including Charitable Gift Annuities, Charitable Remainder and Lead Trusts: Tax calculations and projections provided as well as documents.
For Answers to Your Questions
There are many ways to leave a legacy with Fergus Falls Area Dollars for Scholars. For answers to questions you may have, you are welcome to contact any board member or:
Carla Bjornlie
Executive Director
Fergus Falls Area Dollars for Scholars
601 Randolph
Fergus Falls MN 56537
carlabjornlie@ffdollarsforscholars.org
Your attorney and other advisors can assist you in assuring that your plans fully incorporate new opportunities. As always, we will be pleased to assist as you consider the charitable dimension of your plans.
Neither the author or this organization is engaged in rendering legal or tax advisory service. For advice and assistance in specific cases, the services of an attorney or other professional advisor should be obtained. The purpose of this section of our website is to provide general gift, estate, and financial planning information. Watch for tax revisions. State laws govern wills, trusts and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts.
