Gift Options

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Gift Options

You may designate UWLES as a beneficiary of all or part of several financial instruments. 

  • IRA/401K - If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of any unused retirement assets by completing a beneficiary designation form provided by your retirement plan custodian.  At this time, gifts given through retirement accounts avoid potential estate tax on these assets.

  • Life Insurance – If you have a life insurance policy that has outlasted its original purpose, you may make UWLES the sole or partial beneficiary.  To accomplish this, please contact your life insurance provider, request a beneficiary designation form from the insurer, and include UWLES as a beneficiary of your policy.

  • Investment Account or Annuity – If you prefer to support UWLES through your current holdings (annuity, investment account etc.), please contact your agent at the holding company and request to change the beneficiary.

     

If you have any questions about gifts through beneficiary changes, please contact us. We would be happy to assist you and answer any questions that you have.

If you have already included UWLES in your estate plan, please let us know.  We would like to thank you and recognize you for your gift.

If you have a policy that is no longer needed to support your future goals, you may donate it to UWLES during your lifetime.

Policy Ownership - One option to support UWLES is through the purchase of a life insurance policy naming UWLES as the owner of the policy.  This may be an outright gift at any time, to be realized at the time that the estate is settled.   This gift may also be given to prior being fully endowed by making annual donations to the organization in order to pay the premium. (Irrevocable)

Beneficiary Change -

If you have a life insurance policy that has outlasted its original purpose, you may make UWLES a sole or partial beneficiary.  To accomplish this, please contact your life insurance provider, request a beneficiary designation form from the insurer and include UWLES as a beneficiary of your policy. (Revocable)

United Way Life –

A qualified individual may choose to purchase a policy through United Way Worldwide’s United Way Life program.  This policy would be owned by UWLES and endowed by the individual through annual donations to UWLES.  (Irrevocable)

 

If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.

If you have already included UWLES in your estate plan, please let us know.  We would like to thank you and recognize you for your gift.

You may include UWLES in your will or trust by naming UWLES as a beneficiary.

Gifts from your will or trust should be facilitated by your financial advisor and/or your legal advisor.  You may name UWLES as a beneficiary through your estate plan.  The simplest of these gifts are the following:

Tangible Gift. A gift of a specific asset such as real estate, a car, stock, or other tangible property.

Percentage Gift.  Leaving a specific percentage of your overall estate to your designated charity.

Residual Gift. A gift is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the remainder of the estate to charity.

If you have any questions about gifts from a will or trust, please contact us. We would be happy to assist you and answer any questions that you have.

If you have already included UWLES in your estate plan, please let us know.  We would like to thank you and recognize you for your gift.

There are several ways that an individual, working with their trusted advisor, can set up specific trusts/annuities to secure income and benefit UWLES. 

As individuals and couples look toward their future, planning for income can often be a concern.  There are many ways to provide for the charity of your choice while ensuring sufficient income for yourself.  We have included two options below.  We strongly recommend that these options, as well as others, be reviewed by one's financial advisor.

Charitable Gift Annuity

A charitable gift annuity is a gift made to UWLES that can provide you with a secure source of fixed payments for life.

Charitable Remainder Trust

With a charitable remainder trust, you transfer your cash or appreciated property to fund a charitable remainder annuity trust. The trust sells your property tax free and provides you with fixed income for either life or a specific term of years.

 

If you have any questions about gifts that provide income, please contact us. We would be happy to assist you and answer any questions that you have.

If you have already included UWLES in your estate plan, please let us know.  We would like to thank you and recognize you for your gift.

You may gift securities and mutual funds to UWLES.

Making a gift of securities offers you the chance to support work within your community while also receiving important personal benefits. Securities and mutual funds that have increased in value and been held for more than one year are one of the most popular assets to use.

Through a gift of appreciated stock, you receive a charitable income tax deduction for the full fair market value of the securities, while also helping you avoid capital gains taxes on appreciated stock. This allows you to maximize your gift.

Steps to Give

(1) Direct your broker or agent to transfer shares from your account into the “United Way of the Lower Eastern Shore” account at LPL Financial, account number 4670-5629, DTC #0075

OR

(2) If you have physical possession of the stock certificate, sign the back where indicated, write “LPL Financial” on the attorney line on the front and deliver or send to: SFG Wealth Management, Attn: Gretchen Parks | 543 Riverside Drive, Ste. B | Salisbury, MD  21801

(3) Notify, or have your broker notify, United Way of the Lower Eastern Shore at cathie@uwles.org and steve@uwles.org when transfer has been completed. In your email, please include your name, as well as the number and type of shares.

 

Items to Remember

  • The date of the stock gift is the day the right of ownership of the stock is effectively transferred to United Way.

  • The value for tax purposes is the average between the high and low quoted selling prices on that day.

  • Your gift will be acknowledged by United Way with the valuation of your gift for tax purposes.

 

If you have any questions about gifts of securities please contact us. We would be happy to assist you and answer any questions that you have.

If you have already included UWLES in your estate plan, please let us know.  We would like to thank you and recognize you for your gift.