Planned Gifts

Lars Wigert Endowment

Lars Wigert

Lars Wigert, a longtime advocate for an active lifestyle and dedicated Vasa K supporter on the Vasa Pathway, made the decision to designate a portion of proceeds from a charitable trust to support the Vasa in perpetuity. TART Trails is thrilled to have Lars’ gift and worked with the Grand Traverse Regional Community Foundation to establish a fund in his name. Youthful and energetic he credits the Vasa Pathway for numerous friendships with fellow skiers and cyclists. Thanks to Lars’ foresight the Vasa will enjoy his continued support forever. Phil Ellis executive director at the Community Foundation expresses the sentiment “Everyone in our region is a Lars Wigert. We all have our own passions and interests and we all have the opportunity to leave a lasting impression in a meaningful way.”Are you a passionate trail supporter who would like to create a trail legacy? Contact Pam Darling, Development Director, to learn how you can match your passion with purpose. pam@traversetrails.org or 231.941.4300.

Planned Gifts

You can make a planned gift by naming TART Trails as a beneficiary in your will or by naming TART Trails as owner and beneficiary of a paid-up life insurance policy.

You can also make a planned gift to TART Trails and receive an income for life through the establishment of a charitable trust that names TART Trails as a beneficiary. Your attorney can advise you of the various types of charitable trusts and the estate tax benefits of each, and assist you in setting up a planned gift that is tailored to your personal needs. If you would like more information, please contact Pam Darling at pam@traversetrails.org or 231.941.4300.

Bequests
One of the easiest ways to make a gift to TART Trails is by leaving TART Trails a bequest in your will. There are several ways you can do this:

  • give a specific amount of money
  • give a specific item of property
  • give a specified percentage of the residue of your estate (the residue of your estate is that which remains after all specific gifts have been made, whether charitable or non-charitable).

Since we do not know what projects may be underway in the future, we recommend that your bequest be for unrestricted purposes.

The following simple language can be used to make your gift:

“I give and devise to TART Trails, Inc. or its successor, the sum of _________ Dollars ($_________) to be used for such purposes as the Board of Directors of TART Trails, Inc. deems, provided however, that at the time of such gift, TART Trails, Inc. or its successor, must be a non-profit as described in Sections 501(c)3 of the Internal Revenue Code.”

OR

“I give and devise ________ percent (________%) of my residuary estate to TART Trails, Inc., or its successor, to be used for such charitable purposes as the Board of Directors of TART Trails, Inc. deems appropriate; provided, however, that at the time of such gift, TART Trails, Inc., or its successor, must be a non-profit as described in Sections 501(c) 3 of the Internal Revenue Code.”

A bequest may be included in the body of a will or as an amendment (codicil). Gifts made through a bequest typically provide an estate tax deduction. Please consult your attorney and/or financial advisor for specific information.