The mission of the Endowment is:
To build a substantial, permanent endowment fund, created through the gifts of many individual and corporate donors over time, invested for long-term growth, which will guarantee forever an independent annual base of financial stability for County United Way.
The Endowment Fund:
- Will enhance United Way’s capacity to fulfill its mission – to improve lives by mobilizing the caring power of communities to support services for individuals and families that improve lives.
- Is a consistent and overall effort to identify and bring prospective donors to the organization;
- Will utilize life income gifts structured to the fullest advantage of both the donor and the donee;
- Will organize, manage and implement staff and volunteer efforts to bring gifts of a sophisticated nature to fruition in support of the long-term goals of the organization.
Ways to give:
Gifts of Life Insurance
With a relatively modest outlay, a donor can make a substantial gift while receiving tax benefits. You can name United Way as the sole, partial, or contingency beneficiary of an existing policy. You may also donate a paid-up policy that you already own and name United Way as the owner and sole beneficiary.
Gifts of Retirement Funds
Donating retirement assets is one of the best ways to make a charitable gift because it is easy, and it avoids the double taxation of income and estate taxes that diminish its value to your heirs. You can name United Way as the partial or contingency beneficiary of your retirement and/or pension plan.
Bequests Through a Will
One of the most popular and easiest ways to make a planned gift is through your will. You can leave a specified percentage, dollar amount, property or the residual of an estate to United Way. This provision can be part of a new will or added to your existing will as a codicil.
Gifts of Stocks, Bonds and Mutual Funds
Donating funds that have appreciated in value and have been owned for more than one year can result in triple tax savings:
1.You receive an income tax deduction for the market value, not the original price of the securities;
2.You bypass any capital gains tax on the gain or growth since the time of purchase; and
3.Opportunities for state income tax savings are also available depending upon residency.
Gifts That Provide Income
Certain charitable vehicles can provide you with a lifetime income with the remainder going to charity. These options ensure an income stream for you and/or your designated beneficiaries then leave a residual gift to United Way. It also provides you with the opportunity to ensure the benefits of stability, simplicity, and flexibility.