Planned Giving

For questions contact TPRF at [email protected].

TPRF now has a program for Planned Giving, which includes various ways to make charitable gifts to TPRF now while enjoying financial benefits for yourself during your lifetime.

Planned gifts are sometimes referred to as “stop-and-think” gifts because they require some planning and, often, help from your professional advisors. Unlike cash donations, they are typically made from assets in your estate rather than from disposable income, and come to fruition upon your death.

The most common planned gift is a bequest in your will or living trust. Other planned gifts include:

A charitable gift annuity involves a contract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction and a lifetime stream of annual income from the charity. When the donor dies, the charity keeps the gift.

planned_giving1_charitable_annuities_2types

A charitable remainder trust is an irrevocable structure established by a donor to provide an income stream to the income beneficiary, while the public charity or private foundation receives the remainder value when the trust terminates. Because it is irrevocable, the donor immediately receives an income tax charitable deduction.

planned_giving2_charitable_remainder_trust

A charitable lead trust involves payments, either of a fixed amount (charitable lead annuity trust) or a percentage of trust principal (charitable lead unitrust), to a charity during its term. At the end of the trust term, the remainder can either go back to the donor or to heirs named by the donor.

charitable lead trust

An endowment fund is a transfer of money or property to a charity or institution with defined stipulations regarding its uses.

Retirement plan assets if left to anyone other than a spouse, may be subject to very high taxation. However, by designating TPRF as recipient of any benefits remaining in your retirement plan, you may effectively reduce the taxes on those assets. You can name TPRF as a primary or contingent beneficiary. You can also designate a percentage or dollar amount.

Life insurance policies-You can name TPRF as a primary or contingent beneficiary on any life insurance policy. There are other estate planning techniques that can be used involving life insurance which will not only benefit TPRF but also give you some tax benefits. Please see your tax adviser for more information.

Real Estateplanned_giving4_real_estate

  • The gift of your home is a unique and meaningful way to support TPRF.
  • You can enjoy the satisfaction of making such a gift during your lifetime—without affecting your current lifestyle—by a special arrangement called a retained life estate.
  • Real estate can also be a valuable asset when used to fund either a charitable remainder trust or a charitable lead trust.

Donations of stocks 

You may deduct the full fair market value of the stock as a charitable contribution, while bypassing all capital gains taxes (to qualify you must own your stock for more than one year).

planned_giving5_securities

Wills

Remember TPRF in your will and provide an important legacy for you and your family, while providing for future generations. You can designate a percentage of your estate or a dollar amount.

planned_giving6_bequest

A common misconception is that planned giving is only for the “wealthy.” The facts are that even people of modest means can make a difference through planned giving.

Information provided by TPRF is intended to be a resource for your convenience and should in no way be construed as advice. We recommend that you consult with your financial planner, tax advisor, or attorney.

You can reach the the Planned Giving team at [email protected] if  have any specific questions or would like to learn more.