SECURE YOUR LEGACY WITH PLANNED GIVING TO TILLERS INTERNATIONAL
Connect your legacy to America's farming heritage. There are several ways you can help preserve the skills and tools yesterday and make sure they're here for generations around the world. Tillers International offers several ways for you to make a gift that lasts. To see which method works best for you and your family, please consult with your financial planner. Call Tillers International for additional details at +1 (800) 498-2700.
Here are a few common ways to secure your legacy:
QUALIFIED CHARITABLE DISTRIBUTION
CHARITABLE GIFT ANNUITY
STOCKS, BONDS, and MUTUAL FUNDS
CRYPTOCURRENCY VIA A DONOR-ADVISED FUND
QUALIFIED CHARITABLE DISTRIBUTION (REQUIRED MINIMUM DISTRIBUTION)
Several popular retirement plans give people 72 years old and older the option to make a gift of up to $100,000 to a non-profit like Tillers International through a Qualified Charitable Distribution (QCD) also known as an IRA charitable rollover.
The IRS allows only a certain amount of money to be kept tax-free in common retirement plans such as traditional IRAs, SEP IRAs, SIMPLE IRAs, 401(k) plans, 403(b) plans, and others. The money past the maximum must be pulled out of the retirement plan as part of a required minimum distribution (RMD) as taxable income.
This RMD could be made as a tax-free donation meaning it not only helps you fulfill an IRS requirement but can also help Tillers International keep traditional skills alive and viable here and around the world.
To learn more about how your RMD can help share traditional skills around the world and about other financial benefits to you, please call (269) 626-0223 or consult with your tax professional.
A CHARITABLE GIFT ANNUITY PROVIDES YOU WITH GUARANTEED INCOME FOR LIFE PLUS A TAX DEDUCTION
A Charitable Gift Annuity (CGA) made to Tillers International is invested and we pay you and/or your spouse (the annuitants) a fixed amount for the rest of your life. This also makes you eligible for an income tax deduction if you itemize on your tax return.
The CGA continues to make payments annually, semi-annually, quarterly, or monthly to the annuitant(s) for the rest of their lives. After that, the remaining assets will be used by Tillers International to continue sharing traditional tools and skills with people in the United States and with farming communities in desperate need of improving their yields.
STOCKS, BONDS, and MUTUAL FUNDS
Gifts of stocks, bonds, or mutual funds may have favorable tax benefits worth considering. These non-cash assets are routinely donated to charitable organizations such as Tillers International due to how many people own them and the associated tax deductions.
If you're interested in exploring the donation of publicly traded securities (stocks, bonds, and mutual funds) we encourage you to discuss the current tax benefits with your financial planner. Tillers International works with Comerica Bank as a broker to handle these sorts of transactions on our behalf.
CRYPTOCURRENCY DONATIONS
We welcome donors interested in using cryptocurrency to leave a gift with Tillers International. The easiest way to support the work we do with cryptocurrency is by using Donor-Advised Funds, which are 501(c)(3) public charities. These non-profits, which include Charles Swab Charitable, Fidelity Charitable, Vanguard Charitable, National Philanthropic Trust, and several others, take the cryptocurrency, cash it, then make a donor-advised donation to an organization such as Tillers International.
As with most ways of making large donations, there are unique tax benefits and we encourage you to find the Donor-Advised Fund you like the most as you consider leaving a gift to Tillers International.