Bequest & Planned Giving

Leaving a legacy of compassion

Leave a legacy that will improve the lives of people in need for many years to come. Your legacy gifts ensure the future of Tripura Foundation's efforts to eradicate the cycle of extreme poverty once and for all.

Preparation of a will and other estate planning options provide you with an opportunity to articulate your wishes, your values and your legacy. You may also enjoy significant tax benefits by including Tripura in your estate planning. We encourage you to consult with your legal and financial advisors when considering a planned gift.

Bequests

You may include Tripura when preparing your will, or ask your estate planner to add a codicil to an existing will designating Tripura as a charitable beneficiary. You may choose to leave any combination of:

A specific dollar amount
A specific percentage, or all, of your residuary estate (the remainder left after bequests to others, debts and expenses are paid)
Specific items of property such as stocks, bonds, real estate, jewelry or historical artifacts
A gift in trust that pays a portion of the trust property to individual beneficiaries and a portion to Tripura Foundation

The following is suggested language for remembering Tripura Foundation in your will/estate planning:

"Upon my death, I give the sum of $__________
[or]the following property ___________________
[or] _____% of my estate
[or] the residue of my estate
to Tripura Foundation (Tax ID# 25-167-0693), located in Oakmont, PA,
for its general uses and purposes."

Here is suggested language to use in your trust:

"Upon the trustor's (alternatively: settlor's) death, the trustee shall distribute the sum of $_______ to Tripura Foundation (Tax ID# 25-167-0693), located in Oakmont, PA, for its general uses and purposes."

Life Insurance Gift

You may transfer ownership of a life insurance policy to Tripura or designate Tripura as the beneficiary of the insurance policy. You will be entitled to an income tax charitable deduction in the year of your gift. You can also purchase a new policy to benefit Tripura Foundation.

Retirement Plan Gift

The principal advantage of donating retirement plan assets to Tripura is that you avoid all income and estate taxes. If you leave these assets to a non-spousal individual beneficiary, they are subject to extremely high estate tax and income taxes. You may instruct the institution that handles your retirement accounts to designate Tripura Foundation as the beneficiary of your IRA or pension plan. Retirement plans may also be used to fund charitable remainder trusts.

Charitable Remainder Trust