Are you considering a bequest to Tu Nidito Children and Family Services in your estate planning? A bequest is a provision in your will or living trust that directs a portion of your estate to a named person or charity, such as Tu Nidito. You may bequeath a specific asset, a dollar amount, a percentage of your estate or the remainder of your estate after all other gifts have been distributed. You may choose how the funds from your bequest will be utilized by Tu Nidito.

The following is suggested testamentary language depending on the type of gift you desire:

Unrestricted Gift
". . . (specific assets, specific amount, remainder or percentage of estate) to Tu Nidito Children and Family Services, an Arizona nonprofit corporation, Tucson, Arizona, to be used as determined by the Tu Nidito Board of Directors."

Restricted Gift
". . . (specific assets, specific amount, remainder or percentage of estate) to Tu Nidito Children and Family Services, an Arizona nonprofit corporation, Tucson, Arizona. These monies shall be used for _____________________________."

Endowment Gift
". . . (specific assets, specific amount, remainder or percentage of estate) to Tu Nidito Children and Family Services, an Arizona nonprofit corporation, Tucson, Arizona, to establish the (specifically named or added to an existing) Endowment Fund to benefit the _______________. Payouts declared from the endowment fund shall be used for _______________________. The endowment fund will be managed by Tu Nidito Children and Family Services in accordance with their investment policies as established from time to time."
 

 
You may also want to consider a gift of all or part of your retirement account to charity. Retirement plan assets are often ideal candidates for a charitable bequest because they generate "income in respect of a decedent". In simplified terms, income in respect of a decedent ("IRD") is an inherited payment that would have been taxable income to the decedent had he or she received it before death. If the retirement plan directs plan proceeds to a charitable organization, neither the donor's estate nor heirs will realize income from the plan; rather, the income will be realized by the tax-exempt recipient organization. Thus, no tax will be paid in the year of distribution.

If you are age 70½ or older, you may be able to direct up to $100,000 of your IRA funds to qualified charities like Tu Nidito, and avoid paying taxes on those funds.

The process of naming a charitable organization is as easy as a phone call away. Contact your plan administrator that holds your retirement account assets. Let them know you would like to name Tu Nidito Children and Family Services as the beneficiary of all or part of your retirement account.
 

 
For more information, call Ciara Meyer-Garcia, Tu Nidito's Assistant Director or email Lori Hoby at This e-mail address is being protected from spambots. You need JavaScript enabled to view it at the Center for Planned Giving at:

The Community Foundation for Southern Arizona
2250 E. Broadway Blvd.
Tucson, AZ 85719
(520) 545-1117

***Tu Nidito's EIN Number is 86-0769031.