PLANNED OR DEFERRED GIFTS
By giving through estate plans, life insurance, 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.
Gifts of Life Insurance
A common way to remember Tumbleweed is to list Tumbleweed as one of the beneficiaries of your life insurance policy, either leaving a percent to Tumbleweed or a specific dollar amount. If Tumbleweed Center for Youth Development is named both sole owner and irrevocable beneficiary, the donor is eligible to receive immediate deductions for charitable giving. Please see your tax adviser for details.
Bequests by Will or Living Trust
A bequest is a deferred or planned gift designated in a will or living trust, and is a matter to be prepared by an attorney. A bequest might be for a specific dollar amount, a specific item of personal property or real property, or a per cent of the estate. Tumbleweed would be happy to assist your attorney with questions.
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.
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.
