PLANNED GIVING
LEAVE A LASTING LEGACY
Please remember the Town of Palm Beach United Way in your will or estate plan and please tell us when you do, so we can THANK YOU!
When you support the Town of Palm Beach United Way with a gift to the annual campaign, you know that your donation will help people in our community throughout the current year. You may not be aware that there is another way to contribute which can ensure that your spirit of caring will continue to touch the community for many years to come: planned giving.
There are several ways to make a planned gift to the Town of Palm Beach United Way.
Endow Your Gift
It generally takes a commitment of 20 times your annual contribution to endow an annual gift.
Bequests Through a Will or Trust
The most popular and simplest way to make a planned gift is under your will or trust. You can provide a specific dollar amount, a percentage, a residual amount, real estate, or tangible property to the Town of Palm Beach United Way. This provision can be made through a new will or trust or added as a codicil or amendment.
IRA Rollover and Pension Fund Gifts
Often the largest part of one’s estate, these are some of the best ways to make a charitable gift because of the ease of initiation, particularly under new legislation. Donating these assets to a charity, avoids double taxation under income and estate tax provisions. The Town of Palm Beach United Way can be named as a partial or contingent beneficiary of your retirement or pension plan.
Gifts of Life Insurance
There are a variety of ways to make a charitable gift of insurance policies. With a relatively small outlay, you can make a substantial gift while obtaining tax benefits. The Town of Palm Beach United Way can be named as the sole, partial, or contingent beneficiary of a new or existing policy. Also, a paid up policy can be donated to United Way as the owner and sole beneficiary.
Charitable Remainder Trust
Certain charitable vehicles can provide you with a lifetime income, with the remainder being left to charity. These options ensure an income stream during your lifetime or the lifetime of your designated beneficiaries, leaving the residual benefit to charity. This is a simple and flexible way to maintain or increase your income and also benefit the Town of Palm Beach United Way.
Charitable Gift Annuity
There are many ways to fund a Gift Annuity, but cash or appreciated stock are the most common. When transferring securities to the Town of Palm Beach United Way, you may be able to obtain an immediate charitable income tax deduction and bypass a portion of the capital gains tax as well. In addition, your income can frequently be increased in the form of a lifetime annuity payment based upon your age.
For more information on making a future gift to the Town of Palm Beach United Way, contact Danielle Hickox Moore or Beth Walton at 561.655.1919 or bethwalton@palmbeachunitedway.org.