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Planned Giving
United Through Reading established the Betty J. Mohlenbrock Legacy Society to honor and acknowledge people, during and after their lifetimes, who have included United Through Reading in their estate plans. Society members are recognized in our newsletters and annual reports, current members are also listed here: Betty J. Mohlenbrock Legacy Society |
United Through Reading appreciates your interest in our gift planning program. Many of our supporters choose to make a planned gift to United Through Reading because they believe that reading together strengthens families. Planned gifts may also be beneficial to the donor as a means to reduce estate, gift, and/or current income taxes, and to satisfy other financial goals.
What follows is a description of different planned gift options. Please call (858) 481-7323 or send an email to info@unitedthroughreading.org to start your gift planning process.
Gifts At No Current Cost
You may make some gifts without experiencing any
change in your lifestyle. For example, you
can make United Through Reading a beneficiary
in your will, retirement plan or living Trust.
Gifts That Return Income
You may make a gift, receive a tax deduction, a bypass
of capital gains, estate tax benefits and an income
with a gift to: Charitable Remainder Unitrust,
Charitable Remainder Annuity Trust, Pooled Income
Fund or Charitable Gift Annuity.
The income may be for your lifetime, yours and your spouse, or someone you designate. The income may also be for a term of years (20 maximum).
Gifts That Transfer Wealth
You may make a gift and pass assets to your family
with significantly reduced estate and gift taxes
by using a Charitable Lead Trust. Assets are transferred
to a trust that pays income to United Through Reading for a term of years. The assets are
then transferred to you or to your family.
Gifts With Your Home
You may make a gift of your home, receive a tax deduction,
and continue to live in your home with a Life Estate
Reserved. You deed your home to United Through Reading with an agreement that you continue
to live in your home. You maintain your residence,
pay property taxes, etc. We do not assume
total ownership of the property until after your
lifetime.
Gifts In Your Will or Trust
You can name United Through Reading in your will
or trust, making us a direct or contingent beneficiary
of: a specific sum, a percentage of the estate,
or the residue of the estate. If you have an existing
will or trust, you need not create a new one. Have
your attorney add a codicil including United Through Reading.
Gifts In A Retirement Plan
The tax consequences of transferring any assets in
these plans to anyone but your spouse can be extremely
severe.
If you make United Through Reading the successor beneficiary of your spouse in the plan, we will receive the full value of the remaining assets. The size of your estate is reduced and your family receives a larger legacy.
Outright Gifts
While gifts of cash and securities are most welcome,
giving appreciated stock results in more benefits
for you. You not only receive an income tax charitable
deduction, there is also a bypass of the capital
gains.
Example
The stock you purchased for $5,000 ten years ago
is valued at $10,000. Donating that stock qualifies
you for an income tax deduction of $10,000, and
you pay no tax on the $5,000 capital gain.
The information contained on this page is not intended as professional or legal advice.