Planned Giving

How can I leave a legacy through a planned gift?

What is planned giving?
A planned gift is a gift that is usually made from assets, not disposable income.  The most common planned gift is a bequest to an organization through a will or revocable living trust.
How does a gift through my will or trust work?

With a gift in your will or living trust, you can give a percentage of your estate or a certain amount of cash, securities or property to the organization so that after your lifetime, future generations of music teachers and students will benefit from TMTA programs, grants and awards.

What are the benefits of setting up a gift through my will or trust?
You can change your mind at any time.  Because you are not parting with assets today, you don’t have to worry about not having enough to live on in the future should you end up needing the assets. Plus you have the option of changing your mind.

You can be flexible in your commitment.  Since most of us don’t know what the exact size our estate will be, using a percentage amount rather than a specific dollar amount allows you to benefit charitable organizations and loved ones in relative proportion.

Other planned gifts such as life insurance, gifts of securities and charitable gift annuities can benefit TMTA without significantly affecting plans to loved ones while allowing tax benefits to the donor.

Your estate planning attorney can help you structure your bequest to meet your exact financial needs and charitable goals.

If you would like to receive information on making a planned gift or have included TMTA in your estate planning, contact the TMTA Office Manager.

Contributions are deductible to the extent allowed by law.