Planned Giving
What kind of legacy will you leave?
Remembering United Way in your will or estate plans will provide critical, ongoing support to our poverty-fighting initiatives. Your legacy gift will help struggling Bay Area individuals create brighter futures for themselves and their families for generations to come. What better legacy could you leave than that?
2 Ways to Plan Your Giving
01
Estate Planning
Consider including United Way Bay Area in your will or living trust. From specific to percentage, residual to contingent, there are a number of ways your bequest can support United Way’s work long into the future. Speak with your attorney about including United Way in your will, or reach out to us for more information using the contact info below.
02
Retirement plan beneficiary
Your unused retirement funds (401k, IRA, etc.) may be taxed heavily when you pass away, potentially leaving just cents on the dollar for your family or other beneficiaries. Avoid this double taxation by designating United Way Bay Area as the beneficiary of your retirement fund.
Lower Your Tax Bill Today
If you are 70 and a half or older, you are required to take annual minimum distributions from any IRA accounts you may have. By directing a portion of that minimum distribution DIRECTLY to charity, you can avoid being taxed on that part of your distribution. Because amounts gifted in this way also help to lessen the possibility that your Social Security benefits will be taxed.
To qualify for this type of preferential tax treatment, the gift must move directly from your IRA to the charity. Pay outs made to you and then donated by you to charity are ineligible. Maximum gifts made under this provision are $100,000 annually. Even if you do not itemize, this powerful option can reduce your taxes!
For more information on planned giving—or to get started on any of these options
please contact Channa Sweet at csweet@uwba.org.
