Gift Vehicle

Tax-Deferred Retirement Income and/or Assets

  • Avoid income tax on mandatory withdrawals.
  • Keep Adjusted Gross Income down for tax purposes.
  • Almost always the most tax-effective asset to give.

Real Estate

  • Charitable income tax deduction for full market value, avoid the capital gains taxes.
  • Can take some time to complete, so allow plenty of time.

Appreciated Securities

  • Charitable income tax deduction for full market value
  • Avoid capital gains taxes

Giving Techniques

Life Insurance

  • Make United Way Foundation the beneficiary of an life insurance policy for a simple deferred gift
  • Donate an unneeded existing permanent policy
    for a charitable income tax deduction.

Retained Life Estate

  • Give a residence or farm during your lifetime but retain the right to use it for the rest of your life (and/or the life of a loved one).
  • Immediate charitable income tax deduction for a future gift.

Bequest

  • Simple provision in your will or living trust allocating specific assets or a share of your estate to charity.
  • Can be helpful in reducing estate taxes improving estate liquidity.

Charitable Lead Trust (CLT)

  • “Loan” assets (and income) to charity for a term of years or for life.
  • Receive accelerated income tax deduction or significant estate tax benefits.

Charitable Remainder Unitrust (CRU)

  • Partial income tax deduction.
  • Receive a percentage of the trust’s value as income every year for one or more lifetimes or a term of years.
  • Customizable to meet differing objectives.
  • Variable Income can grow (or shrink) depending on investment performance.

Charitable Gift Annuity (CGA) – Deferred / Flexible

  • Partial income tax deduction.
  • Guaranteed, fixed income for one or two people for their lifetimes.
  • Income may be tax-favored.
  • Payments can be deferred until you need them.
  • Rates are based on the age(s) of income recipient(s), and are higher the longer you delay payments.
  • Defer and/or avoid capital gains taxes when funded with appreciated securities or property.

Tax-Deferred Retirement Plans

  • Make United Way Foundation the beneficiary of an IRA or other tax-deferred retirement plan.
  • Avoid income and estate taxes of up to 65%.
  • One of the simplest and most tax effective ways to make a gift.
  • Make lifetime gifts of your Required Minimum Distributions for additional tax savings and immediate impact.

Gifts of Appreciated Securities

Learn More

If gifting appreciated securities please consider the following:

  • Ask your broker to inform the United Way of Forsyth County Foundation of your gift.
  • Ask your broker to transfer the gift of securities to the following:

Morgan Stanley Account # 643042832
DTC # 0015
Contact: Crystal Lambert
Telephone: 336-721-4927

Contact United Way of Forsyth County Foundation and let them know your gift is being made in order that your gift be stewarded in the best possible manner.

IRA Assets and Income

Case Illustration

The IRA charitable rollover (Qualified Charitable Distribution, or QCD) permits those taxpayers age 70½ or older to make donations of up to $100,000 directly to charitable organizations from their IRAs. The distribution to charity counts as part of your Minimum Required Distribution, and thus produces a tax savings by reducing your taxable income. The annual cap on a donor’s total combined charitable IRA rollover contributions is $100,000. Couples can contribute individually from their IRAs, resulting in potential annual gifts of up to $200,000 from one couple to their favorite charity. If you are 70 ½ and do not itemize your deductions, a QCD will have the same tax benefit as a tax-deduction.