Benefits of leaving an estate gift to The Hormel Institute:
- Your gift will impact future generations on a global level.
- Make an enduring statement about what research is important to you.
- Support the Institute for future generations.
- Allows you to make a gift while maintaining control of assets during your lifetime.
- Flexibility: a dollar amount, a specific property or a percentage of your estate.
- Most gifts can be changed at any time.
- Your gift will not be subject to state or federal estate taxes.
Steps to give a planned gift to The Hormel Institute:
- If you feel inclined, talk with your estate attorney, financial advisor, or helpful staff at The Hormel Institute.
- Input The Hormel Institute as a beneficiary designation, or update your Will / Trust to include The Hormel Institute, by using this exact wording: University of Minnesota Foundation, FBO The Hormel Institute
- For updates of your Will / Trust, you will need to get the updated documents notarized.
- After the beneficiary designation, or updating the Will / Trust is complete, please contact The Hormel Institute to alert us about your gift plans. This is optional, but we encourage this. We want to ensure that your gift is used exactly as you intend.
- The process is now complete. We hope you feel blessed knowing that your gift will make a positive impact for people all around the world.
Information The Hormel Institute provides is not intended as legal or tax advice. For details on how any gift may affect your tax situation, please consult with your own professional advisor.
Beneficiary Designations
You can find beneficiary forms by logging into your bank or investment account, or by calling your bank/investment institution. When completing a beneficiary designation form, use this information:
Name: University of Minnesota Foundation, FBO The Hormel Institute
Address:
200 SE Oak St #500
Minneapolis, MN 55455
Federal Tax ID Number: 41-6042488
Bequest
Sample language for a bequest
I give [the sum of, percentage of my estate, or description of property] to the University of Minnesota Foundation, to be used for the benefit of The Hormel Institute in Austin, Minnesota.
Other Planned Gifts
Gifts of real estate, charitable gift annuities, charitable remainder trusts, and charitable remainder annuity trusts can be accepted.
Heritage Society
Your planned gift will get you recognized as a member of the University of Minnesota Heritage Society. You will be invited to attend all planned giving events through The Hormel Institute and The University of Minnesota. You may remain anonymous if that is your preference.
Have you already included us in your estate planning? Please let us know:
Informing us about your pledged planned gift is optional, but we recommend that you contact us. We internally document pledges with instructions from each donor to ensure that every donation is spent exactly as the donor intends. Please contact Brian Hale at [email protected] or call 507-437-9610.
Looking for other ways to give? Visit Donate or email [email protected].
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