WAYS TO MAKE A PLANNED GIFT

 Bequests – most common planned gift. You simply designate the United Way of Greater Chattanooga in your will. The gift can be a percentage of the estate, a specific amount, or the residual of the estate. A bequest reduces your overall estate taxes and is tax-free to the United Way. Click here for an example of language to use when making a bequest.

Life Insurance – it is easy to name the United Way of Greater Chattanooga as the beneficiary of your life insurance policy. Your insurance agent has a simple form for you to sign. As the donor, you receive an immediate income tax deduction when you name the United Way as the beneficiary and owner of the policy.

Retirement Plans – The remaining balance (or a percentage of the balance) of your IRA, 401(k), Keoh, etc. retirement plan can be designated to the United Way of Greater Chattanooga, and 100% of the gift amount is exempt from taxes.

Charitable Remainder Trusts – allows the donor to retain income or actually provides an income for someone else (beneficiary) for a specific period of time (such as the death of the spouse/beneficiary). The annual payments can be either a fixed dollar amount or a set percentage of the value. When the term of the trust ends, the balance of the trust becomes property of the United Way of Greater Chattanooga.

Charitable Lead Trusts – the donor places assets into a trust for a specific period of time. At the end of the term, the remaining trust assets are distributed to you or your beneficiaries.

Charitable Gift Annuity – is a contract between you and the United Way of Greater Chattanooga. The donor makes a gift to the United Way and in return, the donor (or other beneficiary) receives a fixed annuity income for life.

For more information about United Way's Planned Giving Program, contact Brent Taylor at United Way of Greater Chattanooga at 423.752.0310 or by email.