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Endowment & Planned Giving

Endowment Fund

 

Northwest Trek has an endowment fund through The Greater Tacoma Community Foundation. The fund was created to establish a steady source of income for the park, in addition to revenue from admission, memberships, gift/food sales and annual gifts.

Endowment funds are invested for both income and growth and are intended to provide permanent sources of income for the park. Northwest Trek can tap the interest earnings from this fund if needed but not the principal.

Those who are unable to give as much as they would like during their lifetimes may choose to make a planned gift to help endow Northwest Trek programs. Others choose to give over their lifetimes and in their estates.

The Endowment Fund includes both restricted and unrestricted endowment sub-funds, including named funds of suitable size, and will grow over time as additional gifts and bequests are made.

A named restricted endowment fund is a perfect way to honor someone in perpetuity. Such a fund can provide annual support to Northwest Trek in the area that would most interest the person being honored.

 

Planned Giving

 

Donations From Your Estate

Please let us know if you decide to name Northwest Trek in your will, retirement account, insurance policy or trust so we can work with you to ensure that your gift will be used as you wish. We appreciate your generosity!

If you’ve already included Northwest Trek as a charitable beneficiary in your will, trust or other estate planning mechanism, please let us know about your arrangement. Estate gifts for Northwest Trek should be made to The Greater Tacoma Community Foundation on behalf of Northwest Trek.

We can work with you or your attorney on the proper wording for your estate gifts.

 

Bequests

While there are many types of bequests, most Northwest Trek donors have found that the Percentage Bequest is the best way to name a favorite charity in their wills. With a Percentage Bequest, you designate a specific percentage of your total estate assets for Northwest Trek. Or you may designate a percentage of some specific part of your estate. Such a bequest protects your heirs in case your estate decreases in value, and the value of your charitable bequest will increase if your estate grows during the remainder of your life.

Be sure to use the proper language when naming Northwest Trek as a charitable beneficiary in any type of bequest.

Download Bequest Wordings For Northwest Trek

 

Property That Passes Outside Your Will

There are also several opportunities to name Northwest Trek to benefit from a type of property that passes outside of your will. These types of property include:

  • Property held in an IRA or other qualified retirement plan
  • Life insurance proceeds
  • Property held in a trust

 

Charitable Annuities

A Charitable Gift Annuity to benefit Northwest Trek is a contract between you and The Greater Tacoma Community Foundation (GTCF) on behalf of the Northwest Trek Foundation (NWTF).

In exchange for your irrevocable gift of cash, securities, or other assets, GTCF agrees to pay one or two annuitants that you name a fixed sum each year for life. The Charitable Gift Annuity qualifies you for an immediate income tax deduction. And the older your designated annuitants are at the time of your gift, the more fixed income they can receive.

 

Charitable Remainder Trusts

There are two types of Charitable Remainder Trusts. Both may be set up for the lifetime of one or more people or for a term of no more than 20 years. Both provide immediate income tax benefits and can avoid capital gains taxes on appreciation of assets used to fund the trust. The type of trust depends on the type of asset used to fund it and the donor’s needs.
  • Charitable Remainder Unitrusts provide the donor or other noncharitable beneficiary(ies) with a fixed percentage (at least 5 percent) each year of the net fair market value of the trust assets as determined annually. These may be funded with cash, stock, real estate or other assets.
  • Charitable Remainder Annuity Trusts provide the donor or other noncharitable beneficiary(ies) with a fixed dollar amount annually of at least 5 percent of the initial net fair market value of the trust assets.
Download our Request for Information form

To learn more or to make a donation, please contact Tyra Larson at 360.832.6118 or email tyra.larson@nwtrek.org.