Ways to Give to United Way of Western Nebraska
A charitable gift through a will or trust (bequest gift)
Bequest giving is the simplest and most common charitable gift giving method. An individual (donor) notes in their will or trust, what property (ie: cash, stocks, bonds etc) is designated to United Way of Western Nebraska. A bequest can be a specific dollar amount, a percentage of your estate, the balance or residue of your estate or a beneficiary designation of certain assets.
A bequest is generally a revocable gift, meaning it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose and your estate may benefit from significant tax deductions.
Types of Bequest
A specific bequest involved making a gift of a specific asset or dollar amount the United Way of Western Nebraska.
A percentage bequest involved leaving a specific percentage of your overall estate to United Way of Western Nebraska.
A residual bequest is made from the balance of an estate after the will or trust has been given away to each of the specific bequests.
A contingent bequest is made to United Way of Western Nebraska only if the purpose of the primary bequest cannot be met.
Gift of Retirement Assets
Donating part or all of your unused retirement assets such as you IRA, 401(k), 403(b), pension or other tax-deferred plan is an excellent way to make a gift to United Way of Western Nebraska without changes to your will or trust.
To leave your retirement assets to United Way of Western Nebraska, you will need to complete the beneficiary designation form provided by your retirement plan. If you designate United Way of Western Nebraska as beneficiary, United Way of Western Nebraska will benefit from the full value of your gift because your retirement assets will not be taxed at your death and your estate will benefit from an estate tax charitable deduction for the gift. As a means of immediate tax-benefits, you have the option to make qualified charitable distributions to United Way of Western Nebraska during your lifetime.
Life insurance policies can be used to make a gift to United Way of Western Nebraska. It's as simple as designating United Way of Western Nebraska as beneficiary in your life insurance policy. As an alternative to naming United Way of Western Nebraska as a beneficiary you can transfer ownership of the policy, this results in an immediate income tax charitable deduction and potential income tax savings in the year of the gift.
Charitable Gift Annuity
A charitable gift annuity is a gift made to United Way of Western Nebraska that can provide you with a secure source of fixed income payments for life. A charitable gift annuity is a contract between a donor and United Way of Western Nebraska with specific terms. The donor benefits from an immediate tax deduction while United Way of Western Nebraska can invest and grow the funds donated. When the donor passes or the annuity terms are up, United Way of Western Nebraska keeps the leftover funds or profits made from investing the gift annuity.
A charitable gift annuity is a good option for individuals who want to make a sizable contribution while still protecting their income. You have the option to defer your annuity payments until retirement and will allow donors, once they retire, to benefit from a yearly income while still being able to make a significant impact through their charitable gift.
Gifts of Stocks, Bonds, ETFs, or Mutual Funds
A charitable gift of stocks, bonds, ETFs, and mutual funds to United Way of Western Nebraska is a way to benefit from potential tax savings for the donor. By donating a gift of investment assets such as stocks, bonds etc. a donor can avoid paying capital gain taxes on the sale of appreciated stocks and receive a charitable income tax deduction.
The most common and easiest way to provide a charitable gift to United Way of Western Nebraska is through a donation of cash or check. When you choose to make a cash gift to United Way of Western Nebraska you may benefit from an immediate income tax charitable deduction.
You may make those donations directly to United Way of Western Nebraska by mailing or dropping off cash or check to:
1517 Broadway Suite 106
Scottsbluff, NE 69361
You may also make cash donations through our website's donate page.
In Memory of Gifting
A In Memory of, charitable gift may be set up through United Way of Western Nebraska for friends, family, colleagues and community members to donate in memory of an individual's life after their death. This is an option provided to an individual who would rather have condolences shared in the form of a legacy gift in leu of gifts or flowers to immediate family members. A fund may be set up through your selected funeral home, church, designated family member or stated in your will.
In Memory of gifting is an excellent option for individuals who do not have a sizable estate but still want to leave a charitable legacy in their memory.
For more information on how to set up a Legacy Gift please contact your financial advisor or United Way of Western Nebraska.