Planned Giving
The UCP Oregon’s Legacy Circle honors and recognizes donors who have included UCP Oregon in their estate plans. All planned gifts are welcome and important to UCP Oregon, and there is no minimum to be a member.
IRA GIFTS
Retirement Assets are generally subject to both estate tax at their owner’s death and income tax when received by the owner’s beneficiaries. This makes these particularly good assets to leave to a charity at the owner’s death because it cures both levels of taxation.
Testamentary gifts of IRA’s to charity are very easy to designate and change through Beneficiary Designation forms. The donor does not have to amend their Trust and Will to change charities.
- Estate Tax: The donor’s estate will receive an unlimited charitable deduction for the full FMV of retirement accounts left to charity.
- Income Tax: Nonprofits are tax exempt so no income tax will be due as the organization receives the assets or payments from the retirement accounts.
Testamentary gifts of IRA’s to charity are very easy to designate and change through Beneficiary Designation forms. The donor does not have to amend their Trust and Will to change charities.
Bequests in Wills and Living Trusts
A bequest is the easiest and most meaningful way to provide for the future of UCP Oregon. A bequest is a gift made through your estate, either directed by your will or through a trust distribution. A bequest may specify a:
We would be happy to provide sample bequest language that you and your estate planner can use to include UCP Oregon in your plans.
A bequest is the easiest and most meaningful way to provide for the future of UCP Oregon. A bequest is a gift made through your estate, either directed by your will or through a trust distribution. A bequest may specify a:
- Dollar amount
- Particular asset
- Percentage, Fraction or Residue of your estate
We would be happy to provide sample bequest language that you and your estate planner can use to include UCP Oregon in your plans.
Beneficiary Designation
A beneficiary designation is a simple way to include UCP Oregon in your planned giving. Beneficiaries can be designated as sole beneficiaries or accounts can be divided amongst various beneficiaries in different percentages. You can name UCP Oregon as a beneficiary of many different assets:
A beneficiary designation is a simple way to include UCP Oregon in your planned giving. Beneficiaries can be designated as sole beneficiaries or accounts can be divided amongst various beneficiaries in different percentages. You can name UCP Oregon as a beneficiary of many different assets:
- IRA, 401(k), 403(b), or other Qualified Retirement Plan
- Commercial Annuity Contract
- Bank Account or Brokerage Account
- Life Insurance Policy
- Property
- Estates
Charitable Trust
A charitable remainder trust pays you and/or your loved one’s income for life or a specified number of years. Payments can be a fixed amount (annuity trust) providing you the security of the same payment each time, or they can be based on a designated percentage of trust assets (unitrust), providing you with possibility that payments may increase. When the trust terminates, the remaining balance is gifted to UCP Oregon. You will receive an income-tax deduction for the present value of the projected remainder of the trust that will go to UCP Oregon, and you avoid capital gains taxes when appreciated assets are transferred to the trust.
Another option, a charitable lead trust, is essentially the opposite of a charitable remainder trust. Instead of a beneficiary receiving payments, UCP Oregon’s would receive the payments. When the trust terminates, the principal is then distributed among designated non-charity beneficiaries.
A charitable remainder trust pays you and/or your loved one’s income for life or a specified number of years. Payments can be a fixed amount (annuity trust) providing you the security of the same payment each time, or they can be based on a designated percentage of trust assets (unitrust), providing you with possibility that payments may increase. When the trust terminates, the remaining balance is gifted to UCP Oregon. You will receive an income-tax deduction for the present value of the projected remainder of the trust that will go to UCP Oregon, and you avoid capital gains taxes when appreciated assets are transferred to the trust.
Another option, a charitable lead trust, is essentially the opposite of a charitable remainder trust. Instead of a beneficiary receiving payments, UCP Oregon’s would receive the payments. When the trust terminates, the principal is then distributed among designated non-charity beneficiaries.
