Planned Giving ensures the vision for your legacy is carried out as desired. There are several ways to provide a planned gift, like providing gifts of appreciated stock or real estate, naming a beneficiary in your retirement assets or life insurance policy, or making a recommendation with your Donor Advised Fund.
There are planned gift options that do not impact your disposable income, while others might work to eliminate or reduce capital gains tax in a way that would allow you to make a bigger contribution compared to a cash donation. A planned gift can also provide significant tax breaks or can be a mechanism to guaranteed income for you or your loved ones for life.
Make a difference now, over decades, and for generations to come.
United Way of Walworth County, Inc.
N2440 Ara Glen Dr.
PO Box 202
Lake Geneva, WI 53147
Federal Tax ID #39-1471340
*Information below is not intended to serve as financial advice
The most common planned gift is one made in a will or a trust. You also have the flexibility to change your will in the event that circumstances change. Bequests can be made by anyone, at any time, and at any income level. By including language in your will or trust that specifies a gift to be made to family, friends, and including the United Way of Walworth County, you are choosing to make a lasting impact.
DON'T HAVE A WILL YET?
Here's a free and easy way to create a will in less than 30 minutes. All you need is two witnesses and you can make amends at anytime. Visit www.FreeWill.com/UnitedWay to create your will today with no strings attached.
A donor advised fund is like a charitable savings account. It gives you the flexibility to recommend how much and how often money is granted to United Way of Walworth County and other qualified nonprofits. You can recommend a grant or recurring grants now to make an immediate impact or use your fund as a tool for future charitable gifts.
CONVENIENT AND SIMPLE
Your financial and charitable goals are a reflection of your commitment to support the future of your loved ones, charitable organizations you value, such as ours, and the greater community. But sometimes it can be difficult to keep track of the organizations you wish to support and the documents required to receive your benefits from charitable gifts. A convenient and easy way to organize your charitable intentions is to create a donor advised fund.
HOW IT WORKS
Do you have life insurance policies that you no longer need? Perhaps the children have grown or a spouse has deceased. Naming the United Way of Walworth County as a beneficiary of a policy is a wonderful gift that can reduce taxes that may otherwise be left up to your children after your life. You can designate United Way of Walworth County as partial, full or contingent beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. The policy will be included in your taxable estate when you pass away. Your estate will benefit from an estate tax charitable deduction for the value of the gift to us. Your deduction for the gift of life insurance will depend on whether the policy has increased in value above the premiums and whether the policy is paid up or there are remaining payments to be made.
BENEFITS OF GIFTS OF LIFE INSURANCE
Did you know, if you are 72½ or older, you can make charitable gifts directly from your IRA? Naming a charity as a beneficiary of a portion of your IRA or other retirement asset can be a tax-wise, simple way to make a legacy gift to United Way of Walworth County. You can use pre-tax basis retirement assets to fund your legacy gift while leaving other non-taxable assets to heirs. Naming beneficiaries for your retirement assets is done using a beneficiary form, not a will or trust.
HOW TO MAKE A PLANNED GIFT THROUGH YOUR IRA