Contact:

Sister Cordy Korkowski

Director of Donor Relations
phone: (320)632-0603
ckorkowski@fslf.org

 

Sister Bernice Ebner
Director of Gift Planning 
phone: (320)632-0699
giftplanning@fslf.org

Office of Development
Franciscan Sisters of Little Falls, Minnesota
116 8th Avenue SE,
Little Falls, MN 56345
phone: (320)632-2981
development@fslf.org

 

 

Donors Frequently Asked Questions


 


How do I leave a gift in memory of a person or for a specific purpose?

Memorial gifts provide a thoughtful and appropriate way to express sympathy and honor a friend, relative or associate who has passed away.

 

Tribute gifts are an opportunity to honor a relative, friend or business associate, usually for a special occasion: birthday, anniversary, promotion or a particular accomplishment. Memorial or tribute gifts can be designated for Franciscan mission or ministries, Sisters' Retirement fund or other needs.

 

A form is available in PDF format if you would like to use it: In Loving Tribute Donation Form

 

Gifts are tax deductible as specified in the United States Federal Tax Code.  



What should an obituary state when leaving a gift to the Franciscan Sisters?

During a bereavement period, friends often seek an appropriate means to express sympathy. The following message in the obituary of the deceased provides an avenue to make a meaningful gift:


Memorial gifts may be made to:
      Franciscan Sisters of Little Falls, Minnesota
      116 8th Avenue SE
      Little Falls, Minnesota 56345 


How do I make sure that my gift goes to the organization of my choice, such as the Franciscan Sisters?

State your intention in your estate plan that is prepared by an attorney. Without planning, your property and finances are distributed according to state laws, whether or not they coincide with your wishes.

 

Though it is the expectation of the Franciscan Sisters of Little Falls, Minnesota (FSLF), to use the gift received from you to support the mission designated with your gift, please be advised that in order to ensure that donors will be entitled to a federal tax deduction, FSLF is required, under Internal Revenue Service Rulings, to retain full authority over the assets granted to it, and cannot accept gifts that are required by the donor to be paid, or to be used, only to further the work of a specific individual, or that are required to be used overseas by our Institute or a foreign charity or Religious Institute.


Do I tell the charity, like the Franciscan Sisters, I've left a gift?

The communication is up to you. Charities like to know in advance so they can recognize your generosity. They also can tell you about other opportunities for giving. 


I'm not a wealthy person with an "estate." Can I leave a gift?

The word "estate" simply means any property, money or personal belongings that you may have at the time of your death. Most people leave an estate when they die, even though they may not be wealthy. Even people with a small estate can arrange to leave a charitable gift.


What type of planned gift can I make?

You can make both current and deferred gifts. Current planned gifts are such items as cash, stocks, real estate and personal property. Deferred gifts, such as bequests, charitable remainder trusts, life insurance policies, are committed to the Franciscan Sisters, but are not available for use until some future time, usually at the death of the donor.


Which gifts provide me with income and how do they work?
Charitable Remainder Unitrust - A charitable remainder unitrust is a custom designed and individually managed trust that enables you to retain a variable income for your lifetime or a fixed term of years, claim a current income tax deduction, and make a future gift to the Franciscan Sisters.


Which gifts provide income to the Franciscan Sisters and how do they work?

Charitable Lead Trust - A charitable lead trust is a custom designed and individually managed trust that enables you to give a fixed amount to the Franciscan Sisters for either a fixed term of years or the life of one or more individuals.

 

Upon conclusion of the measuring term, the trust terminates and, according to the terms of trust instrument, distributes its remaining assets (called the remainder interest) back to you or to one or more individuals that you have specified.

 

Charitable Lead Unitrust - A charitable lead unitrust is a custom designed and individually managed trust that enables you to give a variable annual amount to the Franciscan Sisters for a fixed term of years or the life of one or more individuals.

 

Upon conclusion of the measuring term, the trust terminates and, according to the terms of trust instrument, distributes its remaining assets (called the remainder interest) back to you or to one or more individuals that you have specified.



Which deferred planned gift is most often given?
Bequests, something given to the Franciscan Sisters by will. Typically, wills/assets are the most popular. Nearly 80 to 90 percent of all deferred planned gifts are bequests.


What will my bequest mean?
One hundred percent deductibility plus dramatic reduction in estate taxes. Even a modest gift can mean a great deal toward helping the Franciscan Sisters continue their ministries.


Who will benefit?
By recognizing the charities of your choice in your will or estate, you continue to promote the values important to you. You are leaving YOUR legacy. Giving means that you are making the world a better place than you found it. 

 

 

Who are members of the Saint Elizabeth of Hungary Society?
Anyone who has remembered the sisters in their estate plans is automatically a member of the Saint Elizabeth of Hungary Society.

 

Benefits include: remembrance in daily Mass and prayers of the Franciscan Sisters; participation in the ministries of the sisters; an invitation to an annual dinner and program at St. Francis Convent, Little Falls, Minnesota; and substantial tax savings.



How do I get started?
1. Make a personal inventory of your assets.
2. Identify charities you wish to remember, like the Franciscan Sisters.
3. Contact the Franciscan Sisters about planned giving opportunities.
4. Contact your professional advisor.
5. Write your will or change your will to include charities, like the Franciscan Sisters.


Where can I find more information?
Contact the Director of Gift Planning, Franciscan Sisters of Little Falls
(320)632-0699 or giftplanning@fslf.org

 

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Find Us:

116 8th Avenue SE
Little Falls, Minnesota

56345

 

(320) 632-2981

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The Franciscan Sisters of Little Falls, Minnesota, is a community of Catholic women religious who follow the Gospel of Jesus Christ, walking in the footsteps of Saints Francis and Clare of Assisi. We believe that the living of a poor, simple and prayerful community life is a ministry of presence and witness. Our doors are open to the public to celebrate Mass in Sacred Heart Chapel and to benefit from the St. Francis Music Center and St. Francis Health & Recreation Center. We welcome those who wish to join us as sisters, associates, volunteers, transfer sisters, friends and donors.

 

Throughout this web site, we provide links to other web sites, solely for the user's convenience. By providing these links, we assume no responsibility for, or do we necessarily endorse these web sites, their content, or their sponsoring organizations.