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The Power of an Endowed Gift on University of Minnesota Duluth

An endowment gift to University of Minnesota Duluth today provides a brighter picture for our future. When you make a donation to our endowment, you give a gift with both immediate and long-term benefits.

Endowment donations are invested. A portion of the annual income from the investment is used to address immediate needs at UMD. The remaining funds are reinvested to ensure indefinite support.

An Example of How It Works

Couple Smiling Longtime supporters Susan and Charlie have two goals: First, they want to make sure UMD continues to receive support after they're gone. Second, they want to memorialize Charlie's parents, Mr. and Mrs. Jones.

Susan and Charlie make a $25,000 donation to UMD, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. Plus, Susan and Charlie get a federal income tax charitable deduction on their taxes because they made a lump-sum gift.

Next Steps

  1. Seek the advice of your financial or legal advisor.
  2. Contact Tricia Bunten at 218-726-6995 or 866-726-7110 (toll free) or tbunten@d.umn.edu to discuss endowed gifts.
  3. If you include UMD in your plans, please use our legal name and federal tax ID.

Legal Name: University of Minnesota Foundation
Address: 200 Oak Street SE, Suite 500, Minneapolis, MN 55455
Federal Tax ID Number: 41-6042488