Make an Enduring Difference
Making a planned gift is one of the best ways to support Twin County United Way forever. Planned gifts allow donors to make a significant impact on those in need over an extended period of time while taking advantage of many benefits, which may:
The Legacy Society
Donors who make a planned gift of any kind will be recognized as members of The Legacy Society. Gifts to the TCUW endowment will be invested to support local solutions for years to come. If you are interested in any of our Planned Giving options, we will be pleased to work with you and your advisors to develop a planned gift that best suits your particular needs. For more information or to discuss your needs in confidence, please contact us!
Planned gifts can be made in several ways:
Charitable Gift Annuity
A Charitable Gift Annuity can be purchased directly from the United Way Worldwide to benefit Twin County United Way for the minimum amount of $10,000. Annuity income may be provided for up to two people, and payments may be deferred until a time when it is most needed. Charitable gift annuities may be purchased with cash of appreciated property. Charitable gift annuities provide a guaranteed life-income, and the rate of return may be relatively higher than can otherwise be obtained. You receive an immediate charitable income tax deduction and may gain relief from tax on capital gain.
Charitable Remainder Trust
A Charitable Remainder Trust may be funded with cash or appreciated assets such as securities, real estate or other property. You and/or other beneficiaries can receive income for life or for a set number of years. You receive an immediate charitable income tax deduction, immediate income and may receive relief from tax on capital gain. When the trust expires, the assets remaining in trust go to support the mission of Twin County United Way.
Charitable Lead Trust
This can allow you to pass wealth to your children or grandchildren with minimal taxation. Sometimes called a “reverse charitable remainder trust” a charitable lead trust provides income to Twin County United Way for a period of up to twenty years. When the trust expires, the principal is returned to you or your heirs with significant estate and inheritance tax savings.
Retained Life Interest
You may choose to donate your home, vacation property or other real estate to Twin County United Way while retaining use of it for the lifetime of you and your spouse. You will receive an immediate charitable gift income tax deduction, avoid tax on capital gain and the property is removed from your estate. So long as you retain use of the property, you are responsible for its maintenance and the payment of property assessments.
Naming Twin County United Way as a beneficiary of your will can, when properly planned, reduce the rate at which your estate is taxed. You can make a charitable bequest of a specific dollar amount, a percentage of your estate or the remainder of your estate after planning to care for your family and friends.
Gifts of Stock, Cash, or Life Insurance
Donors may also make gifts of stocks and bonds for helpful tax benefits, as well as gift of life insurance policies, or cash.
Memorial gifts in the name of loved ones or gifts in honor of special occasions – weddings or anniversaries – are other ways to make current gifts to the Twin County United Way Endowment.