Planned Giving

Gift planning is a method of supporting Laura Baker Services that enables philanthropic individuals or donors like yourself to make larger gifts than they could make from their income. While some planned gifts provide a life-long income to the donor, others use estate and tax planning techniques to provide for LBSA and a donor’s other heirs in ways that maximize the size of the gift while minimizing its impact on your estate. As such, a planned gift is any major gift, made in your lifetime or at death as part of your overall financial or estate planning. By contrast, gifts to LBSA’s annual fund, a Gala contribution or a gift in response to a special appeal are usually made from your discretionary income. While you may budget for these gifts, they are not planned.

Whether you use cash, appreciated securities/stock, real estate, artwork, partnership interests, personal property, life insurance, or a retirement plan, the benefits of funding a planned gift can make this type of charitable giving very attractive for you and for LBSA.

Three Easy Ways to Make a Difference

In general, there are three different ways to apply gift planning:

Introductory Videos

Wills

This video explains the basic provisions of a will.

Trusts

This video explains some of the different forms that a trust can take.

Next Steps

  • For more information, please contact Lynn Miland.
  • Seek the advice of your financial or legal adviser.
  • If you include LBSA in your plans, please use our legal name and Federal Tax ID.
    • Legal Name: Laura Baker School Association
    • Address: 211 Oak Street, Northfield, MN 55057
    • Federal Tax ID Number: 41-1291483

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax adviser.