In order to ensure that the needs in our community will be met well into the future, United Way has established a planned giving program.
Through this program, investors can give lasting gifts that will continue to help those in need for years to come. Planned gifts are made in the form of assets rather than income. Whether through a gift of stock, bequest, life insurance policy, or a trust, donors can contribute to United Way’s Endowment Fund, which will enable us to create an ever increasing impact in our community. All donors who have made a planned gift, or who let us know that they will make a planned gift, will be included as members of the Evergreen Society.
Ways to Give
Your planned gifts to United Way can be made in a variety of ways and will not only benefit United Way and the Summit County community, but also may provide significant tax and income advantages. Donors are advised to consult with their attorneys or other professional advisers in considering a planned gift to United Way of Summit County. To leave a lasting legacy to the community by including United Way of Summit County in your will or estate plans, contact Audrey Worthington at 330.643.5537 or by email.
Gifts of Cash
Investors wishing to make cash gifts to United Way’s Endowment Fund may make checks payable to “United Way of Summit County,” and specify in the memo line or in an accompanying letter that the gift is for United Way’s Endowment Fund.
Once investors have made provisions for family in their wills, they may wish to leave a specific amount, a percentage of the estate, or the residuum of the estate to United Way. If you wish to make a bequest to United Way, please consult your attorney for language best suited to your estate plan.
Life Insurance/Retirement Plan Proceeds
Investors may choose to make United Way of Summit County the designated beneficiary of life insurance or retirement plan proceeds. Life insurance polices with built-up cash value can make convenient tax-deductible gifts. Naming United Way of Summit County a beneficiary of a retirement plan can result in significant tax savings.
Charitable Lead Trusts (CLT) and Charitable Remainder Trusts (CRT)
Charitable Lead Trusts and Charitable Remainder Trusts also are options for donors wishing to make provisions for charitable giving. These gift vehicles are more complicated and will require consultation with your attorney or estate planning professional.
Charitable Gift Annuities
Charitable Gift Annuities (CGA) are one of the most popular forms of planned giving and can offer tax advantages as well as life income for the donor or a named income beneficiary. A CGA is a contract between the investor and issuing charity, in which the investor makes an irrevocable gift to the charity, and in return the charity pays the investor a fixed income for life. Upon the death of the investor, the amount remaining (residuum) goes to the charity. For more information about planned giving options to benefit United Way of Summit County, contact Audrey Worthington at 330.643.5537or by email.
If you already have included United Way in your will or estate plan, please let us know.
Anyone who wishes to become a member of the Evergreen Society may do so by mentioning United Way of Summit County in their wills, investing in a life income gift or making a significant gift to United Way’s Endowment Fund.