LEGACY PROGRAM: PLANNED GIFTS
Bequests
A gift made through a will or trust. A bequest refers to a provision in a person's will or testamentary document where they specify how they want their property, assets, or possessions to be distributed after their death. It is a legal arrangement by which individuals can ensure that their wishes regarding their estate are carried out according to their instructions.
IRA Rollover
An IRA rollover allows those who are 70 1/2 and older to reduce their taxable income by making a gift directly from their IRA. An Individual Retirement Account (IRA) rollover refers to the process of transferring funds from one retirement account to another without incurring tax penalties. It allows individuals to move their retirement savings from one IRA to another or from a qualified retirement plan.
Beneficiary Designation
You can designate TCA as a beneficiary of your retirement, investment, bank account, or life insurance policy. A beneficiary designation is a legal arrangement that allows individuals to specify who will receive certain assets or benefits upon their death. It is commonly used in various financial and legal accounts, such as life insurance policies, retirement accounts, pension plans, and payable-on-death or transfer-on-death accounts.
Priority Gifts
There are plenty of immediate gifts that make a huge impact on Turtle Creek. Collaborating with TCA offers up-to-date needs and ways to help that are highlighted on our website. We are happy to work together with sponsors, donors, collaborators, and volunteers in creating a space that protects, preserves, and enhances Turtle Creek for all.