Diane and Mike Kulow

Donor Kulow

Diane and Mike Kulow

"The Garden is filled with beauty, a sense of calm and it's a wonderful place to learn about native plants and enjoy with friends. It's a peaceful oasis that we hope will be here forever!"

Diane and Mike Kulow's first membership to the Desert Botanical Garden was a gift from dear friends. The Kulows continued to renew their membership and increase their involvement. During the Tending the Garden Campaign, they generously invested in the Garden's future with plans for a gift from their estate. They are quick to say, "We love the theory of saving this place for future generations, but the tax benefits are important too."

The Kulows love the desert - they have been sharing it with family and friends for years and years. As a small child, Diane recalls family outings to the Garden along with regular family trips to cook breakfast in the desert. During high school in the mid-60's, Mike frequently rode his bicycle to investigate the unusual plants and garden in Papago Park. Today, Diane and hiking buddy Dianne Dunn regularly exercise on Garden trails. And grandson "Dazzer," a graduate of the Garden's Seedlings pre-school program, delights grandma with information he learned about unique desert wildlife and plants.

In spring of 2010, the Kulows even arranged for a family reunion at the Garden. It was the right place to gather four generations, introducing them to the Garden's one-of-a-kind plant collection, relaxing in the sun and watching the wildlife.

 

A charitable bequest is one or two sentences in your will or living trust that leave to Desert Botanical Garden a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Desert Botanical Garden, a nonprofit corporation currently located at 1201 N. Galvin Parkway, Phoenix, AZ 85008, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the Garden or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the Garden as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the Garden as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and the Garden where you agree to make a gift to the Garden and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

eBrochure Request Form

Please provide the following information to view the brochure.