You can impact the life, education, and long-term health of children by naming TLC as a beneficiary of your retirement plan (a particularly tax-wise gift).
How it Works:
Name TLC as a beneficiary of your retirement plan (a particularly tax-wise gift).
TLC will utilize assets to fulfill your charitable intent, whether that is for general operating funds, our inclusive preschool, scholarships for low-income families, our pediatric therapy services, or fee-assistance for children in need of health services.
Naming TLC as a beneficiary of your retirement account means your designated assets will pass to TLC free of any income tax obligation. Other beneficiaries, like family members, will benefit from the other assets in your estate that are free of income taxes, and the value of your gift qualifies you for a tax deduction.
Here is sample language that can be used: I give, devise, and bequeath to The Tiny Tim Center DBA TLC Learning Center, a charitable organization located in Longmont, Colorado, with the Federal tax identification number 84-0523717, (the sum of $ _____); (_____ percent of my estate); (the following property: _____); or (the rest, residue, and remainder of my estate).