Planned Giving
Preservingn the Past, Inspiring the Future…
For information about including the McLeod County Historical Society
and Museum in your estate planning or to set up a meeting with our planned giving advisor to discuss your planned giving options, please contact us:
MCHS Treasurer
Gerard Stifter-CPA
PO Box 648
Winsted, MN 55395
320 485 2191
MCHS Executive Director
Lori Pickell-Stangel
380 School Road NW
Hutchinson, MN 55350
320 587 2109
asa@hutchtel.net
MCHS President
Stan Ehrke
PO Box 399
Lester Prairie, MN 55354
320 395 2097
Types of Giving Options
Bequests:
Leave a gift specified to MCHS in your will. Bequests can be restricted for any purpose the donor desires, or unrestricted. Bequests that are not restricted can be placed in the Museum’s General Operating Fund, but not the Endowment fund, so be sure to make a designation of your bequest if so desired.
Cash Gifts:
Cash gifts, either restricted or unrestricted, to MCHS are always welcome. If cash gifts are unrestricted they will be used for general Museum operations. MCHS places all memorial contributions into the Society’s Endowment Fund, unless a donor specifies another purpose. The Museum has several donation fund options:
- Endowment Fund
- General Fund
- Restoration Fund
- Archives Fund
- Heritage Garden Fund
- Log Cabin Fund
- Technology Fund
Personal Property:
Artwork, jewelry or other personal property can be donated or given as a bequest to the Historical Society. If the property has appreciated in value, there is a distinct tax advantage to contributing these items to MCHS. A charitable deduction can be claimed for the value of the items at the date of gifts, subject to the current tax laws.
Securities:
Gifts of stocks and bonds to the Endowment Fund can offer a two fold benefit to you if their value has increased from the time you acquired the security. Under Existing tax regulations, you are entitled to a charitable deduction equal to the value of the securities at the date of the gift, which may reduce taxable income. In addition, you will not be liable for capital or ordinary gains tax on the difference. Securities can be transferred by your investment broker to our legal name.
Real Estate:
As with any gift of appreciated property, a gift of real estate may generate a charitable deduction for the full fair market value. There would be no tax obligation on the difference between the full fair market value and the tax basis. All gifts of real property must be approved by the MCHS Board of Directors prior to acceptance of the property.
