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Statement of Future Gifts evidence of my/our desire to provide a legacy of support to the University of Minnesota, I/we have made a provision for a gift to the University of Minnesota Foundation in
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How to fill out statement of future gift

01
To fill out a statement of future gift, you can follow these steps:
02
Begin by providing your personal information, including your full name, address, and contact details.
03
Clearly state that the document is a statement of future gift and include the date of the statement.
04
Specify the nature of the gift you intend to make in the future. This can be in the form of money, property, or any other asset.
05
Describe the purpose or intention behind the gift. You can mention if it is for charitable purposes, supporting a specific cause, or benefiting a particular individual.
06
If there are any conditions or restrictions attached to the gift, make sure to include them. This can include requirements for the gift to be used only for certain purposes or limitations on its transferability.
07
Include a clause that clearly indicates that the gift will take effect upon your death or at a specified future date.
08
If applicable, mention any alternate beneficiaries or contingent provisions in case the primary beneficiary is unable to receive the gift.
09
Sign and date the statement, and consider having it witnessed or notarized for added legal validity.
10
Keep a copy of the completed statement for your records, and inform the relevant parties involved, such as your lawyer, executor, or intended beneficiary.

Who needs statement of future gift?

01
A statement of future gift can be needed by various individuals or entities, including:
02
- Individuals who wish to specify their intentions for a future gift to ensure its proper execution after their death.
03
- Donors who want to leave a legacy or make a lasting impact through charitable contributions or planned giving.
04
- Beneficiaries or potential recipients of the gift who may need the statement as proof of their entitlement or as part of estate planning.
05
- Non-profit organizations or foundations that rely on future gifts for their sustainability and funding.
06
- Legal professionals, executors, or administrators who handle the estate and need to understand the wishes and intentions of the deceased.
07
- Financial advisors or professionals involved in advising clients on estate planning, gifting strategies, and tax implications.
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The statement of future gift is a legal document that declares an intention to make a gift in the future.
Individuals who plan to make a gift in the future are required to file a statement of future gift.
The statement of future gift can be filled out by providing details of the gift, including the recipient, value, and date of the intended gift.
The purpose of the statement of future gift is to document the intention to make a gift in the future and ensure compliance with tax laws.
The statement of future gift must include details of the gift, such as the recipient, value, and date of the intended gift.
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