What is the difference between re:power and re:power Fund?
Gifts to re:power support our political leadership development programs and are not tax deductible. Re:power is a 501(c)4 organization.
Gifts to re:power Fund support our public leadership and civic engagement programs and are fully tax deductible. Re:power Fund is a 501(c)3 organization.
How do I name re:power or re:power Fund as a beneficiary in my will?
You can use the following sample language:
I give and bequeath [choose one:] (the sum of ____ dollars) (description of specific property) (____percent of my residuary estate) to [choose one:] (re:power) (re:power Fund) with its principal office located at 2639 Nicollet Ave, Suite 220 Minneapolis, Minnesota 55408 to be used for its general purpose.
How do I designate re:power or re:power Fund as beneficiaries of my retirement or life insurance benefits?
After deciding what percentage of the plan’s value (0–100 percent) or what specific cash value you would like re:power or re:power Fund to receive, simply contact the administrator of your IRA, retirement plan, or life insurance policy for a ‘change of beneficiary’ form. Save yourself a hassle by asking your administrator if any special information will be needed to designate an organization as a beneficiary. Typically, you’ll just need our tax ID and address, but every company is different.
Once you receive the form, name re:power or re:power Fund as a beneficiary along with your chosen percentage or dollar amount, and return the form to the administrator of the plan.
Do re:power and re:power Fund accept stock gifts?
Yes! At this time, re:power Fund accepts gifts of stock. If you have owned the stock for 12 months or more, gifts to re:power Fund can be beneficial in two ways: the full value of the stock at the date of sale is tax deductible and there is no obligation to pay capital gains taxes on the appreciated value.
Stock gifts to re:power will soon be reinstated. Let us know if you are hoping to make this type of gift and we can keep you updated on when that will be available.
Our stock account information is as follows:
RBC, DTC# 0235:
re:power Fund: 309-27847
Can I make a Charitable IRA Rollover to re:power?
Absolutely. If you’re a donor who’s 70½ or older, and you have either a traditional IRA or a Roth IRA, you probably know that you’re required to take distributions from your IRAs every year. Those distributions get included in your adjusted gross income and are subject to taxes.
One way to support re:power Fund is to make what’s called a “charitable IRA rollover.” Charitable IRA rollovers are really just gifts that you ask your IRA administrator to transfer directly from your traditional IRA or Roth IRA account to re:power Fund. The gift amount will not be counted as part of your adjusted gross income, but will count towards your required minimum distribution.
Two caveats: Just know that you cannot also receive a tax deduction for your rollover gift – that would be double-dipping! Also, gifts of this kind can only be transferred to re:power Fund- our 501(c)3 organization.
Questions about this? We recommend calling the administrator of your IRA or Roth IRA for more information.
What is re:power Fund’s tax ID number?
Our tax ID number is: 35-2191193
Are there any best practices to keep in mind?
We urge you to talk about this with your family and with a legal or financial advisor you trust.
How do I know you’ll use my donation wisely?
We’re proud to be rated a 3-star charity by Charity Navigator. In order to earn this certification, nonprofit organizations must prove they are accountable, transparent, and financially healthy. To learn more about what it takes to be rated a 3-star charity, click here. To view re:power and re:power Fund’s tax form 990 for the last three years, please click here.
How is my information being protected?
State Nonprofit Disclosures
See Disclosure Notice to view our written disclosures for soliciting contributions in states that require registration.
Please don’t hesitate to call Louis at (651) 414-6026 or email at firstname.lastname@example.org.