Similar to Hal, the Taussig Society warmly embraces everyone in their endeavor to give more.
Estate planning with the Taussig Society is for supporters who want to leave a lasting gift through their trust and will & more.
“It’s not how much you give away; it’s how much you keep,” UnTours founder Hal Taussig would say. And indeed, Hal gave all his money away. His wife Norma owned their tiny house, and Hal paid for the utilities. At the end of each month, Hal literally emptied his pockets into his church collection or to someone on the street in need. He said he felt so free when he had no money.
Hal was a free-thinker who lent his time and vision to many projects recognized as world-changing movements – but he struggled to find his contribution to addressing the climate crisis. Around age 60, he wanted to get rid of his car, but passing it along to anyone else to drive didn’t seem to solve the problem of a car. One day, he picked up a hitchhiker and learn that this man didn’t have a way to get to his job, which wasn’t on a public transportation route. Hitchhiking was his current solution. Bingo! This was his answer: he gave his car to this man. Hal went on to ride a bike for the next 30 years, riding in all weather.
He donated 100% of the profits from UnTours to the UnTours Foundation, never taking a dime out for himself. He won the “Most Generous Business in America” Award, presented by none other than JFK Jr. and Paul Newman (whose Newman’s Own brand was a groundbreaking leader in generosity through business). He was instrumental in launching both the B Corporation and Fair Trade Towns movements. He created possibly the first foundation in the world that aligned 100% of its endowment with its mission – a decade before anyone in the foundation world had coined the term “mission aligned investing.”
Upon his death, Hal made one final act of generosity that ratified his earlier commitment to the world-changing entrepreneurs he so loved. He transferred ownership of UnTours to the foundation. This legacy gift ensured that the profits from UnTours would continue, in perpetuity, to flow to the mission of the foundation.
While Hal-like generosity seems like a lofty goal and inspiration for most of us, the Taussig Society is a place where anyone can participate in generosity. It is a home for those who, like our founder, leave a lasting gift to the UnTours Foundation to support entrepreneurs who are leaders in addressing poverty, injustice, and the climate crisis.
Here are the most popular ways to leave a lasting gift through estate planning to the UnTours Foundation in support of entrepreneurs who are leaders in addressing poverty, injustice, and the climate crisis – just like Hal.
Trust and Will Legacy Planning
Giving through your will is one of the easiest planned gifts to make. Naming the Foundation as a beneficiary in your retirement plans and/or life insurance policies is also simple and can normally be accomplished easily online.
Donor Advised Fund
A donor advised fund is like a giving checking account. It’s a great tool to make gifts of appreciated assets such as stock, farm commodities, or real estate. Include the UnTours Foundation in your recommended charitable distributions or set up an account for a flexible, streamlined way to direct charitable gifts to us.
Charitable Remainter Trust
Are you looking to provide a legacy gift now but would like income now? Our Charitable Remainder Trust is a great tool. In short, you donate to our organization, and we invest that money into world-changing businesses. We pay a 5% annual return on those dollars for as long as you live, after which the original donation stays with the Foundation. ($10,000 minimum investment.)
Charitable Gift Annuities
Discover new roads of generosity by making gifts of assets you may not have considered, such as stocks and bonds, real estate, life insurance, farm commodities, retirement assets, and even valuable collections.
Stock, IRAs, DAFs, and More
Donating appreciated stock avoids capital gains tax, and donating right from your IRA avoids income taxes. DAFs are also an easy way to donate.
This information should be used only for preliminary guidance. Donors should consult their financial advisor, estate planning attorney, and accountant.