A planned gift to UCP helps secure the future of the unique and much needed services and programs we provide in our community, and may further your future financial goals. Planned gifts include bequests, charitable gift annuities, gifts of life insurance, appreciated securities, retirement plans / IRAs, and charitable trusts.
You can support our mission by making a charitable gift and naming UCP as a beneficiary in your will.
Charitable Gift Annuities
An individual wishing to support UCP’s work may make a gift of cash or securities. UCP reinvests the assets and agrees to pay you or your beneficiary a fixed income for life. The contract between you and UCP will specify the frequency of payments and the date the payments should begin. Payments can begin within one year, or become a deferred gift annuity, which begins payments at least one year after the annuity is established. Upon the death of the last beneficiary, the residual is available for UCP’s use. Since the residual is used by UCP, this gift is a charitable gift annuity. Therefore, you receive an immediate charitable income tax deduction for your gift. In addition, you benefit by having a fixed increased income for life at reduced tax cost, a reduced and deferred capital gains tax, and an elimination of estate tax on the contributed assets. Additionally, charitable life-income plans, including the charitable gift annuity, could yield a higher return rate than a traditional savings account.
You may no longer need the life insurance policy that was purchased years ago to provide for children or other family members, and may choose to support our mission by donating the policy to UCP. You may claim a charitable deduction for the policy’s approximate cash surrender value, and the proceeds are completely removed from your estate.
Charitable Lead Trust
Individuals with large estates can use a charitable lead trust to support UCP and pass the principal to family members with little or no tax penalty. You transfer your assets to a trust that provides payments to UCP for a term of years you specify in a contract. Then the trust principal goes to your children, grandchildren, or others free of – or at greatly reduced – federal gift and estate taxes.
Your IRA assets will be transferred to a charitable remainder trust. That trust will provide life income to the beneficiary, and then an eventual gift to UCP.