Types Of Assets

Gifts of Cash

Giving cash, writing a check, or authorizing a charge to your credit card can put your money to work right away helping people in our community through United Way programs and provide you with an income tax deduction.

Gifts of Stock

You can contribute stock that has appreciated in value to United Way, receive a tax deduction for the full market value of the stock, and eliminate capital gain taxes you would have incurred if you sold the stock. You must have held stocks at least one year to avoid capital gains taxes. If you own stock or other investments that have decreased in value, you could sell them and donate the proceeds. You may be able to deduct the loss from other income, for additional tax savings. Together, the two deductions could actually be worth more than the current value of the investment.

Gifts of Real Estate

You can give a second home or other real estate to United Way, either outright or by bequest. You can preserve your cash assets, receive significant tax and income advantages, and make a significant charitable gift at the same time. The gift of a remainder trust in the property allows you to continue to live in the residence for the rest of your life

Gifts of Tax-Deferred Retirement Plans and Life Insurance Policies

Donating retirement assets is one of the best ways to make a charitable gift and avoid costly income and estate taxes for your heirs. Naming United Way as a beneficiary (or contingent beneficiary after the death of your spouse) of all or a specified percentage of your 401(k) or other retirement plan assets can save your estate both income and federal estate taxes.

You also may designate United Way as the sole, partial, or contingent beneficiary of a life insurance policy – either a new policy or one you and your family no longer require.