TOBET Legacy Giving:
Planned Giving
YOUR TOBET LEGACY
TOBET has established a charitable fund at The Catholic Foundation that is uniquely ours which will provide support for programs and general operating expenses.
TOBET Legacy Giving honors the individuals and families that have made long-term commitments to TOBET through planned gifts such as gifts in their wills or trusts or beneficiary designations of retirement plans. This support can be ultimately expressed in many ways. For example, you can make your gift to The TOBET Fund of The Catholic Foundation, to TOBET directly, or establish your own endowment to support a specific need at TOBET.
Making a gift for the benefit of TOBET after your lifetime is a wonderful way to create a lasting legacy and ensure that our ministry of providing original educational resources, presenting the truth of God’s design of the body will be there for generations to come.
Make your gift to The TOBET Fund of The Catholic Foundation today!
Questions? See the provided information below, or contact Kathleen Twetten, Director of Donor Relations, at 972-505-3999 or [email protected]. If you have already arranged for a gift from your estate or retirement plan for the benefit of TOBET and want to be part of TOBET Legacy Giving, please contact Kathleen Twetten, Director of Donor Relations, at 972-505-3999 or [email protected], or click here for an enrollment form.
EASY PLANNING OPTIONS
TOBET has partnered with The Catholic Foundation to provide you with the most up-to-date ways of fulfilling your charitable intentions. More information can be found on The Catholic Foundation website or by calling 972-661-9792.
There are several simple ways to make a gift to The TOBET Fund of The Catholic Foundation:
1. Gift from Your Will or Living Trust
You can easily make a charitable gift of a specific dollar amount, percentage of your estate/trust. In addition to a very generous charitable gift, your trust or estate receives an estate tax deduction as well.
There are several ways you can make a gift in your will for the benefit of TOBET. To make a bequest or gift in your will, you should speak with your attorney. Your attorney can help you include a charitable bequest in your estate plan.
We have provided below some basic information and bequest language to assist you and your attorney:
1. General Bequest
If you are considering making a general bequest to The Catholic Foundation for the benefit of The TOBET Fund, we recommend the following language:
Bequest of a Specific Dollar Amount
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to The Catholic Foundation, a qualified charitable organization located at 12222 Merit Drive, Suite 850, Dallas, TX 75251, Federal Tax ID #75-1106620 for the benefit of The TOBET Fund, to be held by The Catholic Foundation in perpetuity, not in trust but in fee simple, with the reasonable spending policy amount to be available, in the sole discretion of The Catholic Foundation for the support of TOBET located at 948 Blaylock Circle North, Irving, Texas 75061.
2. Specific Bequest
If you are considering making a specific bequest to The Catholic Foundation for the benefit of The TOBET Fund, we recommend the following language:
Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to The Catholic Foundation, a qualified charitable organization located at 12222 Merit Drive, Suite 850, Dallas, TX 75251, Federal Tax ID #75-1106620 for the benefit of The TOBET Fund, to be held by The Catholic Foundation in perpetuity, not in trust but in fee simple, with the reasonable spending policy amount to be available, in the sole discretion of The Catholic Foundation for the support of TOBET located at 948 Blaylock Circle North, Irving, Texas 75061.
Bequest of Specific Real Estate
I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to The Catholic Foundation, a qualified charitable organization located at 12222 Merit Drive, Suite 850, Dallas, TX 75251, Federal Tax ID #75-1106620 for the benefit of The TOBET Fund, to be held by The Catholic Foundation in perpetuity, not in trust but in fee simple, with the reasonable spending policy amount to be available, in the sole discretion of The Catholic Foundation for the support of TOBET located at 948 Blaylock Circle North, Irving, Texas 75061.
3. Percentage Bequest
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to The Catholic Foundation, a qualified charitable organization located at 12222 Merit Drive, Suite 850, Dallas, TX 75251, Federal Tax ID #75-1106620 for the benefit of The TOBET Fund, to be held by The Catholic Foundation in perpetuity, not in trust but in fee simple, with the reasonable spending policy amount to be available, in the sole discretion of The Catholic Foundation for the support of TOBET located at 948 Blaylock Circle North, Irving, Texas 75061.
4. Residual Bequest
I hereby give, devise and bequeath to The Catholic Foundation, a qualified charitable organization located at 12222 Merit Drive, Suite 850, Dallas, TX 75251, Federal Tax ID #75-1106620 for the benefit of the TOBET Fund, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate, which shall be held by The Catholic Foundation in perpetuity, not in trust but in fee simple, with the reasonable spending policy amount to be available, in the sole discretion of The Catholic Foundation for the support of TOBET located at 948 Blaylock Circle North, Irving, Texas 75061.
5. Contingent Bequest
A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive after your lifetime, the vacation home will go to charity.
We recommend the following language:
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to The Catholic Foundation, a qualified charitable organization located at 12222 Merit Drive, Suite 850, Dallas, TX 75251, Federal Tax ID #75-1106620 for the benefit of The TOBET Fund, a DESCRIPTION OF PROPERTY, which shall be held by The Catholic Foundation in perpetuity, not in trust but in fee simple, with the reasonable spending policy amount to be available, in the sole discretion of The Catholic Foundation for the support of TOBET located at 948 Blaylock Circle North, Irving, Texas 75061.
6. Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give The Catholic Foundation flexibility should it no longer be possible for The Catholic Foundation to use your gift as you originally intended:
If, in the judgment of the Board of Trustees of The Catholic Foundation, it shall become impossible for The Catholic Foundation to use this bequest to accomplish the specific purposes of this bequest, The Catholic Foundation may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
2. Beneficiary Designation from a Retirement Plan
3. Charitable Gift of a Life Insurance Policy
You can assign whole life insurance policies and name our Fund as beneficiary. In return for your generosity, in most cases you receive a tax deduction for the premiums you have paid on the policy.
CONTACT US
Please contact us if you have any questions about how to make a bequest to The Catholic Foundation for the benefit of The TOBET Fund or to request any additional information that might be helpful to you and your attorney as you consider making a gift to us.
If you have included a bequest or gift from your estate to The Catholic Foundation for the benefit of The TOBET Fund in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift. For more information, contact Kathleen Twetten, Director of Donor Relations, at 972-505-3999 or [email protected].