Torch Foundation

T H E I N T E R N A T I O N A L T O R C H F O U N D A T I O N

Your legacy can light the way
for the Torch members of tomorrow.

Planned Giving

Planned giving allows you to make a meaningful, lasting gift to Torch—often in ways that may not be possible during your lifetime alone. By including the Torch Foundation, a 501(c)(3) organization, in your will or estate plan, you help ensure that clubs thrive, new clubs are launched, and future generations discover the joy of Torch. We welcome a conversation with you and your advisors to explore options that align with your goals.

Ways To Make A Planned Gift

Bequest in Your Will or Trust
Name the Torch Foundation as a beneficiary of a specific dollar amount, a percentage of your estate, or the remainder after other obligations are met.

Simple to add or update
Allows you to retain full control of your assets during your lifetime

Retirement Assets
Designating the Torch Foundation as a beneficiary of retirement assets can be a tax-savvy way to give. Other heirs may receive different assets that can carry a lighter tax burden.

Beneficiary Designation
Name the Torch Foundation as a beneficiary of:

A retirement account (IRA, 401(k), 403(b))
A life insurance policy
A donor-advised fund

These gifts are often easy to set up by completing a form with your plan administrator—no change to your will required.

Qualified Charitable Distribution (QCD) from an IRA / MRD Gift
If you are age 70½ or older, you may donate all or a portion of your Minimum Required Distribution (MRD) from your IRA directly to the Torch Foundation. This tax-smart strategy can allow you to:

Meet your annual MRD requirement
Reduce taxable income
Support Torch in a meaningful way
Make a gift without impacting personal liquidity

Other Options
Depending on your circumstances, your advisors may suggest other charitable strategies, such as:

Charitable trusts
Gifts of appreciated securities
Other estate-planning tools

Recognizing Your Legacy

When you share your plans for a legacy gift, it gives the Foundation a deeper understanding of your intentions and allows us to express our gratitude in a meaningful way. Knowing about these commitments also helps us prepare for the future and encourages others to explore the possibility of planned giving themselves. With your permission, we may recognize your generosity on our Tribute Wall, in Foundation communications or establishing a named fund as a way to honor your impact. If you would rather remain anonymous, we will respect that preference completely.

Sample Bequest Language

You can share the following sample language with your attorney when preparing your will or trust:

“I give to The Torch Foundation (Tax ID No. 158-96-0016), a 501(c)(3) nonprofit organization, the sum of [$___ / ___% of my estate / the residue of my estate] to be used for its general charitable purposes.”

Your attorney can tailor this wording to reflect your intentions, including any specific designations or endowment goals.

Interested In Learning More?

Please contact Doug Punger to explore possible ways to give to The Torch Foundation.

Email: [email protected]
Phone: 336-972-4442

The information on this page is for educational purposes only and is not intended as legal or tax advice. We encourage you to consult with your attorney, financial planner, or tax advisor to determine what type of planned gift is appropriate for your individual circumstances.