We all want to leave the world a better place for the next generation. Through TPF’s planned giving you can do so over a long period of time. Planned giving may be the right path for you if you are worried you will outlive your savings and would like to guarantee a lifetime stream of income for you and your family first.
Charitable Remainder Trusts
You can transfer cash and assets (especially appreciated assets) to an irrevocable trust and may receive income for life or a certain terms of years. The remainder passes to TPF, creating a permanent fund in your name.
A bequest in your will or trust can direct specific assets to fund or add to an existing fund. You can reduce your taxable estate and create charitable legacy.
Charitable Lead Trusts
Set up a trust that generates dividends. Throughout the term of the trust, earned dividends go to TPF. Remaining assets go to your heirs, tax-free, on the trust’s appreciation.
Retirement Plan and Insurance Beneficiary Designations
Any retirement plan such as IRA or a 401(k) or life insurance policy allows you to create a named fund with TPF. Name TPF as the beneficiary and when you pass away, your legacy lives on through the assets transferred to TPF, reducing estate and income taxes.
Charitable Gift Annuities
A simple contract guarantees you a fixed income in exchange for a gift to TPF. The American Council on Gift Annuities sets annuity rates.
Real Estate and Bargain Sales
You can retain the right to use your real estate during lifetime while you receive an immediate tax deduction or can sell an asset to TPF for less than the fair market value and use the difference in value as your gift.
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