Foundation-Ways to Give

Outright Gifts are gifts of cash, stock, real estate or other assets.

You may make an outright gift of cash, stocks, real estate or other assets to the foundation and realize an immediate income tax deduction. This donation is excluded from your estate for estate tax purposes. You may receive favorable tax benefits by making a gift of appreciated securities or other property.

If you want to leave something to charity and you have savings bonds, you may wish to consider a strategy with your estate lawyer and financial advisor for doing so. Click Here for more information on using stocks and securities as gifts.

A Charitable Gift Annuity enables a donor to make a irrevocable charitable gift of cash or marketable securities. In return, the United Way pays the donor, or, up to two annuitants that the donor names, a fixed annuity for life. The donor receives an income tax deduction for a portion of the gift and, in most cases, a portion of each annuity payment tax-free. Upon the death of the donor or named annuitants, the residuum is distributed through the United Way of South Hampton Roads Foundation for the benefit of our community or specific organization that the donor has named.

To calculate a potential gift Click Here

Click here for a sample of the Charitable Gift Annuity Inquiry Form

Add a Simple Bequest to your will.

You may add a simple codicil to your will to provide a bequest to the foundation. We recommend that you consult your financial and tax planner. While unrestricted bequests allow the foundation the greatest flexibility to meet ever-changing commuity needs, you may decide to restrict your request in order to perpetuate your gift to the United Way of South Hampton Roads' Annual Campaign or support an agency, a program or a field of interest of your choice.

A Philanthropic Fund is a donor-advised fund comprised of gifts of cash, securities or other assets.

You may establish a philanthropic fund to be maintained as a component of the foundation. This can be done by a gift of cash, securities, real estate or personal property. You have the privilege of recommending distribution to qualified charities subject to the approval of the foundation's trustees. You may designate the name of this fund.

Or choose from these Life Income Plans:

You may establish a fund in your name or that of your family by setting up one of several types of Charitable Remainder Trusts. This enables you to set aside an asset and continue to receive income from the asset during your lifetime (and/or during the lifetime of additional beneficiaries.) Upon termination of the trust, the remaining assets revert to the foundation.

You may establish a Charitable Lead Trust to continue to the foundation and also retain assets for yourself or transfer them to others. Trust income is paid to the foundation for a period of years, which you determine when you establish the trust. After that period of time, the assets revert to you, your spouse, children or grandchildren.

You may wish to make a gift of new or existing Life Insurance Policy to the foundation. A gift of life insurance can be a highly cost-effective way for donors to leverage a relatively small contribution into a large charitable donation. As a philanthropic gesture, this same act can strengthen our comunity through the endowing of personals charitable gifts for many years. The United Way Foundation offers three distinct options for donors to endow a charitable gift through life insurance: Gifts of existing insurance, gifts of new insurance and the Premium Partnership Program.

Each option provides donors with individual choices to maximize their tax savings and the opportunity to endow their personal philanthropy into the future.

Through gifting life insurance a donor may receive immediate tax savings benefits and make a significant charitable contribution without depleting existing needed assets. Other benefits include: designating proceeds in advance, providing that a specific amount will go for charitable purposes at the donor's death regardless of fluctuations in value of the donor's asset portfolio. Participation in the "Premium Partnership Program," whereby The United Way Foundation may pay a percentage of the cost of the premium is also an advantageous consideration.