Legacy Giving Solutions
Helping Individuals and Families Create Lasting Legacies
TPF offers a carefully developed collection of planned giving solutions designed to enable and expand mission, along with the added tax benefits and low-cost asset management. We keep your costs down and your legacy held high. With TPF, you’ll have a proven partner that will ensure your legacy giving plan is simple, impactful, and tailored to your needs.
Start a Legacy Giving Program
Are you a church or nonprofit that wants to develop a fundraising strategy for your organization? Check out TPF Legacy Builder.
Donor-Advised Funds
Simplified charitable giving
Let TPF help you establish a charitable gift through a TPF Donor-Advised Fund. It’s simple, flexible, and timely and can impact your family for generations.
BENEFITS
- A flexible, timely way to give to various charitable organizations
- The opportunity to give anonymously as an alternative to a private foundation
- The facilitation of a giving legacy between generations
- An immediate charitable tax deduction that may act as an offset to a significant taxable-income event
HOW IT WORKS
- Make an irrevocable contribution of personal assets.
- Receive the maximum tax deduction currently allowed by the IRS.
- The gift is invested in TPF funds in an allocation best suited to meet your intentions.
- Make at least annual recommendations for gifts to be made from your Donor-Advised Fund.
- At the end of life, successor advisors or your will may recommend gifts from your Donor-Advised Fund.
Charitable Gift Annuity
The joy of living and giving
Our Charitable Gift Annuity allows you to give a portion of your assets now while you continue to receive a guaranteed income for the rest of your days. At the end of life, all remaining assets then will be distributed to your favorite charitable organization(s) or church. You’ll be guaranteed your lifetime income even if the entire principal of the gift has been distributed.
BENEFITS
- A future legacy gift to charitable organization(s) of your choice*
- A charitable tax deduction on a portion of the gift
- A portion of your distribution as tax-free income
- The reduction of some of your capital gains taxes when funded with appreciated assets
*Charitable gifts have only a 50% Presbyterian requirement. Some restrictions may apply. Please contact your Ministry Services Administrator for details.
HOW IT WORKS
- Make an irrevocable contribution of personal assets.
- TPF pays your fixed-income benefits for life (based on ACGA rate tables).
- Upon end of life, the remaining balance of your gift transfers to named charitable organization(s).
Charitable Remainder Trusts
A legacy that can last for generations
If you’re interested in providing for a meaningful stewardship of your assets in the future, consider a TPF Charitable Remainder Trust. Receive ongoing income for the rest of your life, then start your legacy afterward by potentially including income for your children or designated heirs. These lasting legacies aren’t just available for the very wealthy. Our initial funding requirement of $50,000 is substantially less than that of many commercial institutions.
BENEFITS
- Income for life, or term of years
- Capital gains on the sale of your appreciated assets may be bypassed
- Charitable income tax deduction for the remainder portion of your gift
- The reduction of some of your capital gains taxes when funded with appreciated assets
- Choice with only a 50% Presbyterian beneficiary requirement1 The addition of contributions at any time
HOW IT WORKS
- Meet with an attorney to draft a trust.2
- Donate assets to the trust.
- The trust pays donors.
- Upon the end of your life, the remaining balance of your gift transfers to named charitable organization(s).
1. Some restrictions may apply. Please contact your
Ministry Services Administrator for details.
2. Trust documents must always be drawn up by an attorney.
Visit our Downloads section to learn more.
Endowments
Create enduring charitable funds
TPF strives to support your legacy goals, including when you want to ensure your support of your favorite charity well into the future. With TPF’s Endowments, funds are held by a charitable organization upon which our donors have imposed restrictions prohibiting some or all of the fund from currently being spent. Our initial contribution requirement is $1,000 and can be created by a donor during a lifetime or as part of a will.
BENEFITS
- Carefully stewarded and professionally managed assets
- Funds that are created by a tax-deductible donation from a donor
- Gifts that can remain preserved in perpetuity
- A lasting legacy of giving, created for generations to come
HOW IT WORKS
- Make an irrevocable contribution of personal assets.
- The permanent endowment fund is established.
- The gift can remain preserved in perpetuity.
- Distributions are made to designated charitable organizations.
Comparing Legacy Giving Options
Not sure what legacy giving option is right for you? Use the chart below to determine the solution that best aligns with your mission.
Gift Calculator
Did you know that a gift annuity allows for fixed payouts that are partly tax-free and can include a charitable tax deduction?
Connect with TPF
Our experienced team is ready to help build a financial strategy tailored to your needs.