As we purposefully endeavor to grow our Planned Giving Program, Valley of the Sun United Way invites donors to consider new and forward-thinking ways of giving, partnering with us as we work to end the cycle of poverty in our community and create sustainable change that will span generations.
Although gifts of cash immediately sustain our mission, non-cash and planned giving alternatives often afford donors more flexibility and greater tax benefits than a cash gift of equivalent value, making them ideal options for charitable giving.
**The information provided below is general in nature and should not be relied on as tax, legal, or financial planning advice. For specific advice, please consult your professional advisors.
Retirement Account Assets
If you die with retirement plan assets in your estate, those assets are subject to income taxes that may dramatically reduce the amount that would otherwise pass to your beneficiaries. Instead, consider designating Valley of the Sun United Way as a beneficiary of your retirement accounts. Because we are a nonprofit organization, Valley of the Sun United Way is able to take a tax-free withdrawal of retirement assets, allowing us to use their full value to advance our important work.
Life Insurance Policies
Most people think of life insurance as protection, particularly for loved ones. But life insurance is also a powerful charitable tool that can be used to champion our work far into the future. By designating Valley of the Sun United Way as a beneficiary on your life insurance policy, you are able to create a charitable legacy without invading cash and other assets designated for your heirs.
By making a gift of appreciated securities, you may be able to avoid paying the capital gains tax that would otherwise be due at the sale of those securities, and may also receive a charitable income tax deduction at the time of the gift. Because securities enjoy favorable capital gains treatment, they often provide greater tax benefits than a cash gift of equivalent value, particularly if they have a low cost basis.
Under the right set of circumstances, a Charitable Trust may enhance your income, minimize taxes, unlock appreciated investments and ultimately provide Valley of the Sun United Way with a significant charitable gift. Although Trusts are complex legal instruments that require competent advice and careful consideration, many donors realize optimal estate planning by establishing a Charitable Trust.
Gifts made through Wills and Trusts have become the foundation of the American philanthropic tradition. Indeed, the overwhelming majority of planned gifts are the result of bequests, commonly known as planned or “legacy” gifts. If you have considered making a gift to Valley of the Sun United Way but aren't ready to relinquish your assets today, consider leaving us a legacy gift. A simple provision in your Will or Trust may enable you to make significant contributions not otherwise possible during your lifetime.
Although you should carefully review the terms of your Will with an appropriate professional advisor, we are happy to provide the following Sample Bequest Language:
Sample bequest language:
“I give, devise and bequeath to Valley of the Sun United Way, 3200 E Camelback Rd, Suite 375, Phoenix, AZ 85018, the sum of $____________ /or ___ % of my estate/or the following specific asset ____________________________ for the benefit of Valley of the Sun United Way and its general purposes/or to be added to its endowment.
For more information about how to support Valley of the Sun United Way through planned giving, please contact Lisa Groves, JD, Major & Planned Giving Officer at email@example.com or (602) 631-4806
We would be happy to meet with you or your professional advisors to explore the many options for turning your gift into a meaningful legacy!