Bequests
A common way to make a gift to endowment is through a provision in your will. There are several ways to make a bequest to the Scandinavian Home: With a general bequest, a donor leaves all or some portion of the estate, specified as a set dollar amount or a percentage of the estate: “I give and bequeath the sum of $50,000 for the general uses and purposes of the Scandinavian Home.” “I give and bequeath 30% of my estate to the Scandinavian Home for its general uses and purposes.” With a residual bequest, a donor leaves all or a portion of the estate after other provisions have been satisfied: “After my primary intentions set forth above have been satisfied, I give and bequeath to the Scandinavian Home 30% of the residual (if any remains). With a contingent bequest, a donor leaves all or a portion of the estate if for some reason his or her primary intentions cannot be satisfied: “I give and bequeath to my wife 100% of my estate, or if my wife pre-deceases me, 10% of the estate to the Scandinavian Home.” With a specific bequest, a donor leaves a specific item: “I give and bequeath to the Scandinavian Home my grandfather clock to be retained or sold for the Home’s general uses and purposes.”

Cash
The simplest way to help us increase the endowment is for you to make an outright gift of cash or to pledge over a three to five year period.

Appreciated Securities
By donating stocks directly to the Scandinavian Home, you benefit from a tax deduction for the current value and avoid capital gains taxes which you would incur if you sold the stock and donated the proceeds.

Life Insurance
If you find your survivors no longer need the proceeds from your life insurance, you may change the beneficiary on an existing policy to the Scandinavian Home. You may also choose to purchase a new, term policy and name the Scandinavian Home as beneficiary.

Life Income Gifts
You may give cash, securities or property in return for annual income for you and for others for life, or for a term of years. There are several ways to structure these gifts which we will be happy to discuss with you in detail.

Real Estate
Through an outright gift of property, donors receive a tax deduction for the appraised value. You may also donate a personal residence to the Scandinavian Home and continue to live in it for the rest of your life and the life of your spouse. You are able to take a charitable deduction in the year the gift is made.