model train set on track

Planned Giving to Support TCA with Your Legacy

For those donors who wish to support TCA with a lasting gift that commemorates all that the organization has meant to them throughout their life, we offer two main ways to support us with a planned gift. First, you may choose to provide a bequest in a will or living trust as a way of giving back to the Train Collectors Association.

Another approach that you may want to consider is the use of the Life Insurance Program. This program operates like any other life insurance policy—you make the payments on a life insurance policy, and the TCA becomes the beneficiary. Depending on your situation, this option may also provide some tax benefits while you are still living, as well.

Discover more information on this page, and please reach out to us at (717) 687-8623 if you are considering a planned gift.

Gift By Will Bequest

This can be structured in a number of ways with help from an estate planning professional. You may choose to remember us with a financial contribution, or we can also accept object donations from your toy train collection—as a whole or in part.

With a gift-by-will, there are often critical tax considerations that should be discussed with a professional advisor. For more information on how to remember TCA in your will, we encourage you to get in touch with us.

Life Insurance Donations

Members may recall our article in the National Headquarters News in early 2019 about how you can benefit TCA by using our Life Insurance Program. (Missed it? Read it here.)

This program is the cornerstone of our Planned Giving initiatives and is designed to help our generous members and friends make legacy gifts based on their unique wishes. The best way to get started is to contact us and start a conversation about your goals. However, the following information is provided to answer some basic questions about using life insurance policies to make charitable donations.

Ways by which insurance may be used to make a charitable gift

These are just a few ways life insurance can be turned into a donation, which may provide tax benefits to you.

  • Purchase a new policy on your life and name TCA as the beneficiary
  • Purchase a new policy on someone else’s life and name TCA as the beneficiary
  • Assign a fully-paid existing policy to TCA by naming the organization as the beneficiary
  • Assign dividends from your current policy to TCA as a charitable donation

Ready to Get Started or Need More Information?

For more information on supporting TCA through a planned gift, please contact TCA Headquarters Staff at (717) 687-8623. TCA is a fully qualified 501(c)(3) charitable organization under IRS regulations. Donations are tax-deductible to the fullest extent provided by law.

Explore Our Other Ways to Give

Would you like to help support and spread the love of toy trains? Monetary gifts in any amount support TCA’s mission and work—or give of your time by volunteering! Learn more about all of our giving opportunities and support us today.

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