Legacy gifts come in all shapes and sizes, but they don’t have to be complicated. Check out these simple ways to give.
One of the easiest ways to make a legacy gift is by naming Tree Trust as a beneficiary in your will or trust, either by leaving a fixed dollar amount or a percentage of your estate. Here is some sample language you can use to make a bequest to Tree Trust:
I hereby give, devise, and bequeath to Tree Trust, a nonprofit organization in the State of Minnesota, located at 1419 Energy Park Drive, Saint Paul, MN 55108, Federal Tax ID #41-1291626, __ percent of my estate (or the residue; or the sum of money to total $__).
IRA Qualified Charitable Distribution
Do you have an IRA? You may be able to designate (annually, if you like!) a Qualified Charitable Distribution (QCD) of any amount (up to $100,000) to Tree Trust, starting at age 70 1/2. This QCD may help satisfy your annual Required Minimum Distribution (RMD) and lower your taxable income. We encourage you to explore this option! Please discuss your best path forward with your tax, financial, and/or legal advisor(s).
Including Tree Trust on your life insurance policy is an excellent (and simple!) way to leave a powerful, positive legacy. Just list Tree Trust as a beneficiary on your policy.