Giving to Senior Pride

Planned Giving: Create a Legacy

While annual gifts and grants are critical to the success of Southern Arizona Senior Pride, our future success depends on our ability to build a sustainable source of funding that provides for today, tomorrow, and Senior Pride’s long term future.

We invite you to become a charter member of the Joyce Bolinger and Lavina Tomer Legacy Society. By creating a bequest in your will or trust, you help ensure that Southern Arizona Senior Pride will serve LGBTQ+ seniors for generations to come.
(Learn more about Joyce Bolinger and Lavina Tomer)

Members of the Joyce Bolinger and Lavina Tomer Legacy Society, in formation, include:

  • Joyce Bolinger & Lavina Tomer
  • Robert Bell & Tom Buchanan
  • Kathy Altman & Ivy Schwartz 
  • Leanna Crosby
  • Bruce Hyland
  • Michael Mayes
  • William Kowaleski & John Sayers

If you have already included Senior Pride in your estate plans, please let us know so we can acknowledge your generous commitment in our list of legacy donors. Additionally, we would love to provide you with exclusive reports and invitations to events tailored specifically for our legacy supporters.

A Gift That Gives Back

In general, bequests are often the simplest and most common type of legacy gift. You can structure a bequest as unrestricted or specify that your bequest benefit a particular purpose, such as to support a particular program or activity. You may name a specific dollar amount or a percentage of your estate, or allocate the residue remaining in your estate after all other gifts to family and others are met. Bequests may also be made contingent upon another event occurring — such as a spouse or another beneficiary predeceasing you.

There are financial benefits associated with creating this type of legacy gift that are in addition to the intangible rewards you receive from giving. The value of a gift by bequest is deductible from the value of the estate that is subject to estate tax. This may reduce the rate at which the rest of your estate is taxed, thereby preserving the value of the estate passed to heirs. The assets you choose to give– cash, securities, insurance, real estate, or other personal property– may also affect the value of the estate passed to heirs. In all charitable estate planning matters, we encourage you to seek professional advice from your trusted advisors.

The information contained herein is for example purposes only and is not meant to serve as advice in lieu of advice that you may receive from your own financial, legal, or tax planning counsel.

When meeting with your advisors, you may want to discuss:

Drafting a New Will

A bequest to benefit Southern Arizona Senior Pride is simple to set up. The language of a charitable bequest is similar to that listed below, and descriptions of the different types of bequests you may include in your will follows:

“To Southern Arizona Senior Pride, I give, devise, and bequest (insert a sum of money, percentage of estate, remainder of estate, or a description of bequest property).”

Types of Bequests

  • Specific Bequest: Senior Pride receives a specific dollar amount, a specific piece of property, or a stated percentage of the estate. This is one of the most popular forms of bequests.
  • Residuary Bequest: Senior Pride will receive all or a stated percentage of an estate after distribution of specific bequests and payment of debts, taxes, and expenses.
  • Contingent Bequest: Senior Pride will receive part or all the estate under certain specified circumstances.
  • Trust Established Under a Will: A trust may be established that provides for both Senior Pride and other beneficiaries.

If You Already Have a Will

If you already have your estate plans in place, but wish to amend your plans, the easiest way to make a charitable gift through a bequest is by adding a codicil– a simple statement spelling out the beneficiary organization and the gift. You do not need to change the body of your will. The codicil is executed with the same formalities as a will. And, always, please check with your trusted advisors on planning that is best suited for you and your family.

Whether you are drafting a will for the first time or amending your will through a codicil, you will need to provide your advisors with our official name, our legal address, phone number, and tax ID number. Information is provided below.

Southern Arizona Senior Pride
Federal Tax ID 85-03355472
1632 N. Country Club Rd.
Tucson, AZ 85716-3119
info@soazseniorpride.org

To determine the tax benefits for your situation, check with your tax advisor, certified public accountant or attorney.

For more information, contact us by phone or email:

520-312-8923 or development@soazseniorpride.org


Joyce Bolinger and Lavina Tomer