Are you a friend of UCP today? Would you like to be a UCP friend for the future? A planned gift is a donor gift, which provides for the donor during his lifetime, with principal benefits received by UCP at a later date. A planned gift can be an important part of estate planning, and leaves a legacy for that helps make a difference.
UCP welcomes both Outright Gifts, and Wills and Bequests. Outright gifts would include gifts of securities, real estate or life insurance. In a Will or with a Bequest, individuals may choose to name UCP and/or one of its affiliates as a recipient of a bequest for either a specific amount or a percentage of a residual estate. Speak with your attorney or financial advisor to determine if one or more of the following types of planned gift options may be right for you.
Gifts by Will: A Will is the easiest and most effective means to ensure that you fully provide for your family and that your assets are distributed as you wish. Gifts by Will, or bequests, both large and small have been important to UCP since its founding. Many friends have remembered UCP in their Will while providing for their family. A bequest through your Will provides continuing support of the ongoing work of UCP.
A gift to UCP through your will has several advantages:
- Charitable gifts made through your will are free of estate tax
- A charitable bequest may place your estate in a lower estate tax bracket
- You may specify that your bequest is used for general purposes of UCP, for a particular area of interest, or for a specific UCP affiliate.
To make a bequest to UCP, the following language may be helpful to your attorney:
For General Purposes
I give, devise and bequeath to UCP (a New York corporation) (here insert the amount of money or describe the personal property or real estate) to be used for the general purposes of said association.
For a Specific Affiliate
I give, devise and bequeath to UCP (a California corporation) (here insert the amount of money or describe the personal property or real estate) to be used preferably for the general purposes of the (here insert name) Affiliate of said association.
Charitable Gift Annuity: In exchange for an irrevocable gift, UCP agrees to pay a fixed dollar amount during the donor’s life and/or the life of a designated loved one. The amount received is determined by the size of the gift, the age of the donor, and the age of any other beneficiary. The income is guaranteed and not subject to market fluctuation.
If you have CD’s that are about to mature, or if you have idle money, you should consider this investment opportunity.
- High rates of return; for example. 9.3% for a person 85 years of age.
- Fixed income for life, as an annuity paid quarterly.
- Tax free income on part of the payments.
- Charitable income tax deduction.
- Capital gains tax savings if appreciated equities are used.
- Joy in having made a charitable gift to United Cerebral Palsy. UCP welcomes all types of gifts and bequests to support its many services. Some examples of outright gifts include gifts of real estate, life insurance, or securities. Bequests are designated in your will.
There are three types of bequests that can be written in your will. These include:
Specific Bequest – A specific dollar amount, percentage of estate, or property can be designated in your will to go to UCP.
Residual Bequest – After the estate has paid all expenses, debts and taxes and honored all specific bequests, the remaining amount would be transferred to UCP.
Contingent Bequest – Under certain circumstances, UCP would receive all or a portion of your estate.
The following types of gifts can also be made. Please talk to your attorney or financial advisor to determine if any of the gifts fits your wishes and your needs.
Charitable gift annuity – UCP, in exchange for an irrevocable gift, will pay a fixed dollar amount during the life of the donor or designated other. The amount that is received is determined by many factors including age of donor, age of beneficiaries, and size of the gift.
Pooled income fund – UCP receives a gift from you in money or securities which are invested together with similar gifts from other donors. The donor will continue to receive a proportionate share from the income for the rest of the donor’s life.
Charitable remainder trust – UCP receives cash, securities or other property from the donor. In return, UCP returns a percentage of income based on the gift value.
Charitable remainder annuity trust – UCP receives an irrevocable transfer of the donor’s money in return for a fixed amount of money to be given to the donor annually for life.
Revocable trust – This option is for donors who want to be flexible, to give a gift with a variety of assets, and to have the option to take back the gift. This gift would give UCP money after it has provided income to the donor or designated loved one for life.
Gifts of Insurance – If an existing insurance policy is no longer needed, you can assign UCP as the beneficiary.
If you have any questions, please contact your lawyer, financial planner or
Director of Development & External Affairs