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Planned Giving

Meet Our Donors

Hammer and those we serve are blessed with many unique and creative contributions that make a significant impact. A heartfelt thanks to all who support Hammer. Here are just a few of our donor stories.

Jean and Bill Gjetson

Helping Beth Live Her Best Life

Giving back is extremely important to my family. We have been donors to Hammer since 2005, when my daughter, Beth, moved to a Hammer home after having lived in Michigan almost her whole life. Several years later, my husband, Bill, and I made the decision to include Hammer in our estate plan.
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Beth

Remember Your Loved Ones With a Gift

A few years ago, my sister Beth moved into a Hammer apartment program with staff in the building available for her as needed. These years were the best years of her life! She enjoyed eating meals in the community apartment with friends, going to sporting events, and was always looking forward to her next adventure with Hammer Travel.
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Barbara Tuckner

Acting on Grateful

When families share their stories about Hammer and the services they provide for our loved ones, inevitably a family member will land on the word grateful.
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Pat and Michael Houston

Houston Family Gives to Hammer

When Pat and Michael Houston began creating a legacy, they knew they wanted to include Hammer in their plans.
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Paul Voetman and Lynn AaseA Lifetime, a Legacy
Paul Voetman and Lynn Aase both lived at Hammer for more than 40 years and were the best of friends. They were so close that people would often comment that they seemed like “an old married couple,” especially when Lynn would finish Paul’s sentences for him.
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Claire Hinrichs

A Legacy of Service

The incomparable Claire Hinrichs, member of the Alvina Hammer Heritage Society, who has volunteered with us for more than 20 years. If you’ve ever received a Discoveries newsletter or Hammer magazine—it’s because of Claire. Claire is the one who carefully sorts our mailing lists and places these labels on more than 4,000 pieces of mail!

 

 

A charitable bequest is one or two sentences in your will or living trust that leave to Hammer a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

I, (name), of (City, State ZIP), give, devise and bequeath (written dollar amount, $numeric amount) or (written percent amount, $numeric amount of my estate) to Hammer Residences, Inc. Tax ID 410841103, a Minnesota corporation located in Wayzata, Minnesota to be used for its unrestricted use and purposes.

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Hammer or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Hammer as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Hammer as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Hammer where you agree to make a gift to Hammer and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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eBrochure Request Form

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