Benefits of Giving

The Depot Foundation encourages private giving to enrich our region with arts and culture. Donors benefit in various ways from their gifts to The Depot Foundation.

Permanence: A gift to The Depot Foundation will continue to benefit the regional community with arts and cultural enrichment in perpetuity.

Convenience: One gift can address a number of needs and benefit any of the arts and cultural organizations.

Tax Savings: The Depot Foundation is classified under federal tax laws as a public charity. Donations are exempt from income tax under Section 501 (C) (3) of the Internal Revenue Code and under similar provisions of the Minnesota Income Tax Act. Donors receive maximum tax advantages for income, capital gains and estate tax purposes.

Accountability: The Depot Foundation is accountable to the public and presents an annual report including financial statements certified by independent auditors.

Professional Management: The funds of The Depot Foundation are pooled for investment purposes and manage by a team of professional investment managers.

Professional Staff Assistance: The Depot Foundation's professional staff works closely with donors and their advisors to select the giving vehicle that best meets the donor's individual goals.

Multiple Gift Options: The Depot Foundation welcomes gifts of any size. Donors may choose to give to an existing fund or establish a new fund with the following types of gift:

  • Cash
  • Publicly Traded Securities
  • Stock
  • Real Estate
  • Personal Property
  • Life Insurance
  • Charitable Remainder Trusts
  • Charitable Lead Trusts
  • Bequests

These gifts may be directed to a designated fund that will benefit a particular interest or specific organization, or to the undesignated fund which enables the foundation to respond to future needs that cannot be predicted today.