Charitable Gifts & Planned Giving

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 UCP at (386) 274-6474. There are many resources on the Internet to guide you. One such source is the American College of Trust and Estate Counsel.

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