Tucson J Legacy Circle
CREATING A LASTING LEGACY FOR OUR COMMUNITY
Amplify Your Impact
There are many ways to make a planned gift and join the Legacy Circle:
Bequest
This is the simplest and most common planning option available. You specify an amount, a percentage of your estate, or a certain property to be transferred to the Tucson J.
Life Insurance
Life insurance is usually permanent (whole life or universal life) or term. The insurance policy is a contract, and there is a beneficiary designation form. You will select the primary and contingent beneficiary to receive the death benefit if you pass away with a valid insurance policy.
Charitable Endowments
Another option that you may prefer is to leave property or money in an endowment form so that the charity does not spend the principal. Instead, the Tucson J pays the endowment income (as the donors often have done throughout their lives). It is helpful to suggest a general purpose for the endowment fund (for example, children’s fund) because it will last perpetually, and the original purpose of the gift may one day not exist.
IRA, 401(K), or Other Retirement Plan
Your IRA, 401(k), or other retirement plan is transferred by a beneficiary designation. Normally, the beneficiaries should be named on the IRA, and it should be given directly to family or charity, and not to your estate. The IRA or 401(k) custodian should provide a form for you to select a primary and contingent beneficiary. Because your retirement plan may represent a major portion of your property (30% to 70%), your beneficiary designation should be reviewed every two to four years.
Donor Advised Funds
Many families find that a Donor Advised Fund (DAF) is a simple and efficient way to support the Tucson J. By establishing such a fund, you can time the gifts you make (for investment or tax reasons). You receive the income or estate tax deduction, and the opportunity is there to make distribution decisions later. Many families may use a Donor Advised Fund as an estate beneficiary so that they can allow their children or friends to continue supervising the gifts from the fund for years to come. Parents appreciate the way that their DAF encourages children to be involved in philanthropy.
“The Tucson J has become a vital part of my life and our community - a place where connection, learning, and creativity thrive across generations. Serving on the Board has given me a deep appreciation for how much the J impacts lives every day, from early childhood programs and cultural arts to wellness and community engagement. My decision to make a planned gift through the new Legacy Circle reflects my commitment to ensuring that our community center continues far into the future. By including the J in my estate plans, I know that my legacy will help sustain and grow a strong, vibrant center where future generations will find belonging and opportunity. Creating a legacy gift is an important part of my way of giving back to our community center that has meant so much to me and to Tucson.”
We know this is an important decision—contact us today to explore a giving option that aligns with your philanthropic goals and financial plans.
Contact Fran Katz, Chief Development Officer, to learn more about joining the Legacy Circle.
EMAIL fkatz@tucsonjcc.org
PHONE 520.299.3000 – EXT 4102
