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OUTRIGHT GIFTS
GIFTS OF CASH
Among the easiest gifts one can make are gifts of cash.
Please make checks payable to Tumbleweed Center for
Youth Development. You may also designate that your gift
supports a specific program within Tumbleweed.
GIFTS OF SECURITIES
Other popular gifts are appreciated securities,
including mutual funds, stocks, and bonds. The major
advantages of gifting securities is the avoidance of
paying capital gains taxes and being able to deduct the
full fair market value of the securities.
GIFTS OF REAL ESTATE
Real estate gifts include homes, ranches, and other real
property the can provide the same tax advantages as
appreciated securities gifts. If you have realized
significant appreciation with your property, its sale
may be subject to capital gains tax. By gifting the
property, you avoid the capital gains tax, along with
being able to realize a tax deduction for the entire
fair market value of the property.
MEMORIAL OR TRIBUTE GIFTS
Any gift may be given in memory or honor of a friend or
loved one. The family of the deceased or the person
honored will be notified of these gifts when made.
GIFTS-IN-KIND
In-kind gifts include any gift of non-monetary value
such as office equipment and/or supplies, food,
clothing, vehicles, etc.
CORPORATE MATCHING GIFTS
Many companies have begun to offer matching gifts to
encourage employees charitable giving. To find out if
your company offers such a program, ask your
personnel/human resources department. The most common
ratios of corporate matching include 1:1, 2:1, and in
some cases as much as 3:1
PLANNED OR DEFERRED
GIFTS
By giving through estate
plans or life income gifts, you may be able to provide
significant gifts that may not be possible during your
lifetime, and leave a legacy of caring that will forever
be remembered.
BEQUESTS BY WILL OR LIVING TRUST
A bequest is a deferred or planned gift designated in a
will or living trust, and is very personal matter to be
prepared by an attorney. An example of how a bequest
might be worded is as follows:
“I give, devise and bequeath to Tumbleweed Center for
Youth Development, and Arizona nonprofit, located in
Phoenix, Arizona, ____ percent of my estate (or $____ or
other personal or real property) for the benefit of
Tumbleweed and its various programs.
LIFE INCOME GIFTS
Life income gifts provide several benefits, both tax and
financial, for the individual(s) donating. Examples
include charitable gift annuities or charitable
remainder trust. An irrevocable gift of cash or property
is donated, and the donor received income for him or
herself (or other beneficiaries) for either life or a
specified term of years/ After the life or upon term
end, the remainder goes to support Tumbleweed Center for
Youth Development.
CHARITABLE LEAD TRUSTS
Charitable lead trusts provide a fixed amount or
percentage of assets for a term of years, after which
the assets remits to the loved ones, while reducing the
estate, gift and generation skipping taxes of the
assets.
GIFTS OF LIFE INSURANCE
If Tumbleweed Center for Youth Development is named both
sole owner and irrevocable beneficiary, the contributor
is eligible to receive immediate deductions for
charitable giving, equal to the policy’s net cash value
or the net premiums paid, with additional premiums also
being tax deductible.
RETIREMENT PLAN GIFTS
By designating Tumbleweed Center for Youth Development
as the primary of contingent beneficiary of retirement
plan assets such as a 401k or IRA, the donator may
realize significant tax benefits as the retirement
accounts are exposed to both estate and income taxes. To
do so, simply designate Tumbleweed Center for Youth
Development as the beneficiary on your plan’s
beneficiary form.
RETAINED LIFE ESTATE
You may be able to realize current income tax deductions
by gifting a home or other real estate to Tumbleweed
Center for Youth Development, while still retaining the
right to occupy, rent or utilize the property during
your lifetime. By doing so the property will not be
included in your taxable estate.
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