UNIQUE GIVING OPPORTUNITIES
Below are a few other ways you may give in order to help generate a positive image for the trucking industry and impact the safety and education programs of TTA:
Gifts of Stock
If you would like to make a donation in someone’s memory or in honor of an outstanding individual, TTF will notify necessary family members or honored recipients for you.
GIFTS OF STOCK
Ask your broker or CPA to assist you in making a gift of stock via a direct transfer. By giving a gift of publicly-traded stock that you have owned for more than one year and that has increased in value, you may gain greater tax benefits than when you give cash.* You avoid paying the capital gains tax on any increase in the current value over the original cost of the stock, and because you are transferring ownership rather than selling the stock, you may also save by not incurring brokerage fees.
DEFERRED OR PLANNED GIFTS
If you would like to make a planned gift, you may name TTF as a beneficiary of a paid-up life insurance policy. Because they are realized at a later date, these gifts allow our organization to plan for the future. These gifts also entitle you to a tax deduction equal to your cost basis in the policy or its replacement cost, whichever is less.* You may make a planned gift and receive an income for life through the establishment of a charitable gift annuity or charitable trust that names TTF as a beneficiary, or you may name TTF as a beneficiary of your retirement plan and incur tax benefits this way.* Your attorney or CPA can advise you of the various types of charitable trusts and the estate tax benefits of each so you can set up a planned gift that is tailored to your personal needs.
There are several ways to leave the Foundation a bequest in your will. You may give a specific amount of money, a percentage of the residue of your estate, or a specific item of property to TTF.
Company employees may give to the TTF together, and our staff is willing to assist you in developing a workplace giving campaign for your business.
Many employers will match the personal donations of its employees or the funds raised through a workplace contribution campaign. Discuss the idea with your employer before you give to the TTF as you may be able to increase your donation in this way.
The Auction benefiting Tennessee’s Road Team is held each year at the TTA’s Annual Convention. We are currently accepting cash or item donations so please
e-mail ATaylor@tntrucking.org if you would like to participate.
For more information on these unique ways to give to the Tennessee Trucking Foundation, please call 615-777-2882.
*Note: Please check with your CPA or attorney about specific tax benefits and deductions pertaining to these giving methods, as these may vary.