Planned Giving at TPF: How will you be remembered?
With the addition of a provision in your will or trust, you can designate Turkish Philanthropy Funds or a partner in Turkey or in the US through TPF to receive a percentage or specific amount from your estate, or take advantage of more sophisticated strategies—like giving instruments that provide an income stream to meet current financial needs.
Our stewardship is the old-fashioned kind: picky. We manage the impact of your philanthropy, not just the money, making sure it’s impact is long-lasted.
Grants from your fund go only to nonprofits that meet high standards of performance such as transparency and accountability. We partner with the best and most effective charities in Turkey as well as with those that are promising but lack resources. Our goal is to increase capacity and help thrive the civil society in Turkey while making sure grants have long-term impact.
Each grant from your fund does the good you intended it to do, generation after generation. You can tell us to support efforts to solve Turkey’s most pressing needs. You can tell us to make grants to causes you care about, like “improving early childhood education” or “teaching adult women how to read and write.” You can also designate grants to your favorite nonprofits.
Family or Community? You don’t have to choose
If current financial, business or family obligations are keeping you from charitable giving, rest assured that you don’t have to choose between family and charity. You can serve both with a planned gift, possibly saving your family money by decreasing estate and inheritance taxes.
You may elect today how your gift will be used in the community after your lifetime by completing a non-binding Testamentary Fund Agreement. This revocable agreement allows you to name the fund your gift will create, identify any fund advisors, specify your charitable interest areas and even express a desire for anonymity. If you change your mind at any time, we can simply amend the agreement without any costs or legal assistance.
Testamentary donors are recognized publicly by joining Turkish Philanthropy Fund’s Legacy Society, unless you desire anonymity. Legacy Society members are recognized in TPF publications and are honored for their generosity at special events.
While we honor those who are named to the Legacy Society, we also appreciate the gifts of those who wish to remain anonymous.
Types of Planned Gifts
Name TPF or a partner in Turkey or in the US through TPF to receive all or a portion of your estate through your will or trust, reducing estate taxes while creating a charitable legacy.
Charitable Gift Annuity
You make a charitable gift and you and/or someone you designate can receive lifetime income. The remainder goes to TPF or a partner in Turkey or in the US through TPF upon your passing, potentially reducing and deferring capital gains tax and reducing probate costs and estate taxes.
A charitable lead trust or several types of charitable remainder trusts create valuable options in estate planning by providing tax savings, a significant gift and income for either a charity or family members.
Life Insurance Policies
Naming TPF or a partner in Turkey or in the US through TPF as a beneficiary of your insurance policy enables you to create a charitable legacy without invading cash and other assets designated for your heirs.
Give your personal residence, ranch or farm as a gift, occupy the residence or land without disruption, and receive an income tax charitable deduction for the present value of the remainder interest.
Sell your real estate to TPF for less than the fair market value for the benefit of TPF or a partner in Turkey or in the US and use the difference in the value as your charitable gift.
Retirement Account Assets
Double taxation on retirement plan withdrawals decreases their value for your heirs. Consider providing other assets to heirs and naming TPF or a partner in Turkey or in the US through TPF as the beneficiary of your retirement accounts. You can save taxes and preserve your hard-earned assets for the good of your community.