Struggling with where to begin to leave a legacy to strengthen our community?
Getting started is easier than you think.
Interested in powering the impact of United Way into the future? Leaving a legacy gift to United Way can easily be added to your will, living trust, or to a retirement account as a beneficiary in as little as one sentence.
Including United Way as a Beneficiary of Retirement Assets
When you name a charity as a beneficiary to receive your IRA or other retirement assets upon your death, rather than donating retirement assets during your lifetime, the benefits multiply:
- Neither you and your heirs nor your estate will pay income taxes on the distribution of the assets. Your estate will need to include the value of the assets as part of the gross estate but will receive a tax deduction for the charitable contribution, which can be used to offset the estate taxes.
- Because charities do not pay income tax, the full amount of your retirement account will directly benefit the charity of your choice.
- It’s possible to divide your retirement assets between charities and heirs according to any percentages you choose.
- You have the opportunity to support a cause you care about as part of your legacy.
Including United Way in Your Estate Plan or Will
Leaving a legacy gift to United Way through your will, living trust, or retirement account is a powerful way to make a lasting impact in your community. If you don’t have a will yet, consider creating one with this free tool to help you plan for the future. By taking the time to craft this essential document now, you can have peace of mind for the future, protect your family, and create a brighter future for generations to come through supporting our mission.
Through our partnership with FreeWill, we’ve made it easy for you to create an official legal document and begin your legacy plan. It’s 100% free to you, whether you choose to include a gift to United Way or not, and a smart, considerate way to honor your wishes, provide peace of mind, and continue your investment in our shared community.