Gift Options – A Variety of Ways to Support Trinidad State

Gift Options

There are a variety of options when considering an estate gift, and your professional advisors can help you evaluate these options more fully. The right choice will always be the one that works best for you.

Charitable Bequest
By naming Trinidad State College Fund in your Will or Living Trust, you can create a gift today that we will receive when your estate is settled. When making a will, people consider those closest to them – family and loved ones, as they must always come first! Yet, it is also an ideal opportunity to consider a lasting gift for Trinidad State. Bequest planning is highly flexible.

  • Sample language for a specific bequest to Trinidad State:
    “I give to Trinidad State College Foundation, 600 Prospect Street, Trinidad, CO 81082, a Colorado non-profit corporation, the sum of $_______ [or ______% of my estate; or the property described herein], for its general purposes.”
  • Sample language for a residuary bequest to Trinidad State:
    “I give to Trinidad State College Foundation, 600 Prospect Street, Trinidad, CO 81082, a Colorado non-profit corporation, all [or ____%] of the rest, residue, and remainder of my estate, both real and personal, for its general purposes.”

In addition, you can designate a bequest (or any estate gift) for a specific purpose, such as an endowed scholarship or program fund.
For more information about designating your gift, please contact the Foundation.

Retirement Plan
You can name Trinidad State as a beneficiary of your IRA or company retirement plan. To make this gift, simply request a “beneficiary change” form from your IRA custodian or Human Resources department, complete the form, and then return it according to the instructions provided. Beneficiary change forms are often available online.

Life Insurance
You can name Trinidad State as the beneficiary of a new or existing life insurance policy. This gift is as simple as updating your beneficiary designation form with the insurance company. You can designate us as the primary beneficiary for a percentage or specific amount. To make this gift with an existing policy, simply request a “beneficiary change” form from your life insurance company, complete the form, and return it according to the instructions provided. Again, most companies make beneficiary change forms available online. As an additional option, you can donate an existing policy outright to Trinidad State, making us the policy’s owner and beneficiary. You could also establish a new policy to benefit Trinidad State, which is sometimes attractive for younger donors.

Payable on death (POD) account
With a POD option at your bank, you can name Trinidad State as the beneficiary of any remaining funds once you, the account owner, pass away. As eventual beneficiary, Trinidad State has no rights to the funds until after your lifetime. Until that time, you remain in control and are free to use the money in the bank account, change the beneficiary or close the account. Your bank will have the necessary instructions.

Transfer on death (TOD) account
With a TOD designation on your brokerage or investment account, you can name Trinidad State and/or other persons to receive any remaining assets after your lifetime. It is not necessary for the TOD designation to transfer all of the account solely to Trinidad State—you can designate a certain percentage of the account. With a TOD account, no beneficiary will have any rights to the funds until after your lifetime. Until that time, you are free to use the money in the brokerage account, to change the beneficiary or to close the account. Your broker will have the necessary instructions.

Charitable Remainder Trust
In the right situations, a charitable remainder trust can provide powerful financial, tax, and estate planning benefits. You donate assets into trust for the eventual benefit of Trinidad State. In the interim, the trust pays income to you and/or your designated income beneficiaries.

Charitable Lead Trust
A charitable lead trust can provide support to Trinidad State for a defined period of time, before typically transferring assets to your heirs with little or no gift or estate tax. While not appropriate for everyone, in the right situation it can be a powerful estate planning option.

Retained Life Estate
You can donate a residence to Trinidad State and still retain the right to live there for the rest of your life.  This gift typically provides an immediate income tax deduction.  Each retained life estate gift will be individually negotiated and approved by the Foundation's Board of Directors, and the final decision to keep or sell your eventual gift of property rests with the Foundation.




All inquiries are held in strict confidence.  There will never be any expectation or obligation to complete a gift.

For more information, please contact the Foundation.