Planned Gifts

Planned Gifts
Planned or deferred gifts enable TART Trails to plan for the future because they will be realized at some later date. You can make a planned gift by naming TART as a beneficiary in your will or by naming TART as owner and beneficiary of a paid-up life insurance policy.

You can also make a planned gift to TART Trails and receive an income for life through the establishment of a charitable trust that names TART as a beneficiary. Your attorney can advise you of the various types of charitable trusts and the estate tax benefits of each, and assist you in setting up a planned gift that is tailored to your personal needs. If you would like more information, please call Bob Wick at TART Trails, (231) 941-4300.

Bequests
One of the easiest ways to make a gift to TART Trails is by leaving TART a bequest in your will. There are several ways you can do this. You can (1) give a specific amount of money; (2) give a specific item of property; or (3) give a specified percentage of the residue of your estate (the residue of your estate is that which is left over after all specific gifts have been made, whether charitable or non-charitable). Since we don't know what projects may be underway in the future, we recommend that your bequest be for unrestricted purposes.

The following simple language can be used to make your gift:

"I give and devise to TART Trails, Inc. or its successor, the sum of _________ Dollars ($_________) to be used for such purposes as the Board of Directors of TART Trails, Inc. deems, provided however, that at the time of such gift, TART Trails, Inc. or its successor, must be a non-profit as described in Sections 501(c)3 of the Internal Revenue Code."

OR

"I give and devise ________ percent (________%) of my residuary estate to TART Trails, Inc., or its successor, to be used for such charitable purposes as the Board of Directors of TART Trails, Inc. deems appropriate; provided, however, that at the time of such gift, TART Trails, Inc., or its successor, must be a non-profit as described in Sections 501(c) 3 of the Internal Revenue Code."

A bequest may be included in the body of a will or as an amendment (codicil). Gifts made through a bequest typically provide an estate tax deduction. Please consult your attorney and/or financial advisor for specific information.

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