planned giving book

7/29/2019 Planned Giving Book

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Endowing the Second CenturyUnited Way o East Central Iowa Endowment Fund

Touch Tomorrow Society members Jack and Nancy Evans, shown here with three generations of the Evans family,have included the United Way endowment in their estate plans.


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A better uture starts with you. And with me. And withall o us who believe in helping our community improvein the areas o health, education and nancial stability.

United Way has responded to the changing needs o ourcommunity or nearly a century. Since 1914, millions odollars have been invested in our region, thanks to loyaldonors like you.

As we embark on a second century o advancing the

common good, your git to the United Way o EastCentral Iowa Endowment Fund will help strengthen ourcommunitys social abric and create lasting change. Yourgit will help your neighbors and riends or generationsto come.

When we all LIVE UNITED, our community thrives. Thatsbeen true or nearly 100 years. With your help, thisoutstanding tradition will continue or another centuryand beyond.

Sincerely,

Lois BuntzPresident & CEO, United Way o East Central Iowa

Letter rom the President

Your investment helps strengthenour community and meets the needs oindividuals and amilies who live and

work here.Lois Buntz


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Arthur Barlow established United Way o East Central Iowasendowment und in 1981 with an estate git o $15,000. Since then, hundreds ocontributions have been added to the Endowment, including estate, memorial and honorary

gits. Those gits have grown to an Endowment Fund o more than $3.3 million.

Why Now?

Since 1914, United Way hasbeen improving the liveso generations o EasternIowans in need. Almost a

century later, the needs areincreasing at a aster ratethan ever.

Why This?

An endowment is apermanent nancial

resource that providesperpetual income.Donations to the Endowment Fund are invested to provide steady amounts o spendableincome over time. A portion o the annual income generated by the Endowment is used each

year to support United Way partners and initiatives.

Your git to the Endowment will make an everlasting impact.

History

Our belie is that its important to

give within your will because youretrying to make an impact.

Tom Anderson

TomandSarahAndersonTouchTomorrowSocietyMembers


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An endowment is a permanent nancialresource that provides perpetual income.Donations to the Endowment Fund areinvested to provide steady amounts ospendable income over time. A portiono annual income generated by theEndowment is used each year to support

United Way partners and initiatives.

When you give to the Endowment Fund, youare leaving a legacy that will strengthen ourcommunities, improve lives and make aneverlasting impact.

The United Way Endowment Fund is valuedat $3.3 million. The rst priority o the UnitedWays investment policy or the Endowmentis to preserve capital; second is nancialgrowth.

Your Endowment Fund git is investedseparately rom United Ways annualcampaign unds. The United WaysEndowment is invested at Robert W. Baird

& Co., Cedar Rapids, and the Greater CedarRapids Community Foundation.

The Financeand

AministrationCommitteeo the UnitedWay o EastCentralIowas Boardo Directorsmanages the und, along with

our CEO. Perormance is reviewed quarterly.

The Endowments annual spending rate

varies rom 4.5 to 5 percent.

Endowment Investment

I eel good knowing that there willbe unds or the people who will really

beneft rom them.

Jack Cosgrove

0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Oct. 12Jan. 10Jan. 09

Endowment Fund Growth(in thousands)

JackCosgroveTouchTomorrowSocietyMember


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Cash

An outright git o cash qualies or a ullcharitable deduction or most donors whoitemize their ederal income tax returns.

Appreciated Property

Gits o securities and real property mayprovide important tax advantages. Their ull

air market value is deductible as a charitablecontribution with certain limitations.

Bequests

A git can be made through your Last Willand Testament as an outright, residuary,

contingency, or restricted bequest. Belowis our preerred bequest language you canshare with your estate planning attorney:

I, [name], of [city, state, ZIP], give, devise

and bequeath to United Way of East Central

Iowa [written amount or percentage of

the estate or description of property] for its

unrestricted use and purpose.

Retirement Plan Assets

Signicant tax benets can be gained bynaming the United Way o East Central Iowaas a beneciary o retirement plan assets.

This option allows a donor to deer a git tothe end o his or her lietime and reduce thesize o the estate. Plus the dollars are tax-reeto a charity.

Life Insurance

The UnitedWay o EastCentralIowa can be

named asthe beneciary o a new or existing lieinsurance policy. I the United Way o EastCentral Iowa is also named as the owner

o the policy, all o the donors premiumpayments are charitable deductions.

Charitable Trusts

The United Way o East Central Iowa canbe named as the ultimate beneciary o acharitable remainder trust or the income

beneciary o a charitable lead trust. Bothare highly eective estate planning tools thatcan benet donors now or later.

Charitable Gift Annuities

This giting technique is an outright gito cash, securities or other property to

United Way o East Central Iowa madeduring a donors lietime in return or theorganizations promise to pay a lietimeannuity income to the donor.

Ways to Support the Endownment

ChuckandMaryAnnPetersTouchTomorrowSocietyMembers


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Endow Iowa Tax Credits

The Endow Iowa program provides tax incentives to donorsto United Ways Endowment Fund at the Greater Cedar RapidsCommunity Foundation. In addition to the standard ederaltax deduction, Iowa residents may be eligible to receive a 25

percent Iowa income tax credit.

That means that your contribution might have a net costo 50 cents or less on the dollar! Making your git withappreciated stock lowers the net cost o your git evenurther. The tax credit is limited to $100,000 per taxpayer. Any excess EndowIowa tax credits not used in the authorized tax year may be carried orward by the donor or up

to ve years.

Other Tax Advantages

Other giving options also provide tax advantages to donors. United Way is happy to helpyou, in conjunction with your proessional advisors, develop a git plan that takes maximumadvantage o tax laws while also accomplishing your charitable and nancial goals.

ax Advantages

In addition to planting a seed that will continue to grow orgenerations to come, there are nancial incentives that mayapply to planned giving:

Can provide tax-ree or tax-advantaged accumulation

o assets or charity and heirs Can increase current and/or uture ater-tax cash fow Can acilitate tax-advantaged transer o wealth to

heirs or other beneciaries Can reduce or eliminate estate shrinkage due to taxes

Benefts o Planned Gits

JimNikrantandBarbaraKnappTouchTomorrowSocietyMembers

DickandJackieJohnsonTouchTomorrowSocietyMembers


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As past president o the Hall-Perrine Foundation,William P. Whipples amiliarity with the communityand its needs was unmatched. And his commitment tosustaining one o the most giving communities I haveever known should come as no surprise. Thats why heincluded United Way o East Central Iowa in his estateplans.

The more I am able to give, the more that is givento me, said Bill. For me, giving is almost a religiousexperience. I get a eeling o happiness that I have notgotten any other way.

Bill loved both Cedar Rapids and United Way. When

he passed in 2010, his estate plans refected his values.He endowed his annual git to United Way, so he andhis wie, Gayle, would continue giving to the annualcampaign in perpetuity. Each year, the earnings rom theendowment he established provide a contribution at the

Tocqueville Society level ($10,000 or more).

Bill and Gayle were the rst Eastern Iowans to endow anannual campaign git or United Way. In recognition otheir signicant generosity, United Way established theWilliam P. and Gayle S. Whipple Legacy Circle.

This new society honors individuals who endow theirannual leadership git. We invite you to commit to your

community orever and become a William P. and Gayle S.Whipple Legacy Circle member.

William P. and Gayle S. Whipple

Te more I am able to give,the more that is given to me.

William P. Whipple

Legacy Circle

WilliamP.Whipple


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For additional information about how you can support the United Way Endowment Fund,

please contact:

Lois Buntz, President and CEO 319-398-5372 ext. 20 [email protected] Livengood, Vice President of Donor Relations 319-398-5372 ext. 18 [email protected]

United Way of East Central Iowa 317 7th Avenue SE, Suite 401 Cedar Rapids, Iowa 52401

Please visit our website at unitedwayoeastcentraliowa.org

Contact Us

Robert & Elizabeth AllsopRobert & Lola Anderson

Thomas J. & Sarah E.Anderson

M. Paul BrimmerBob & Lois BuntzMelvin L. Campbell

Jack & Dilla CosgroveBen DukesRex & Kathy EnoGordon & Jean EppingJack & Nancy Evans

John & Kay HegartyG. Richard & Jacqueline R.

JohnsonKenneth JohnsonDannie & Darlin KeckFrank & Geri KintzleMary Klinger

Barbara Knapp & Jim NikrantRobert KucharskiHilery LivengoodDave & Pat MillerPaul P. Mor

Greg & Debora NeumeyerChuck & Mary Ann PetersJay PetersenSusan RobenJohn & Betty RogersNancy Ruggiero-PetersenDuy & Belva Schamberger

Aileen SimmonsEleanor M. StreletzkyChristoph & Rachel TrappeMark & Jan WatsonMyron F. & Esther S. Wilson

ouch omorrow Society MembersDonors who have supported the United Way Endowment through outright or estate gits.

Arthur BarlowEdith BoggardGlennys BrimmerOrvilla BroadstonRozelle B. Cram

Norma DetlesRuth GarberCharles K. Glidden

Genevieve HaloupekMillie JohnsonVryl JusticeMinnie KotaskaCaroline Kucharski

Irene Hall PerrineBonnie PetersenJohn Rayburn

Donald ReinerEmily ReuwsaatFranklin SindelarBeth Van AlstenGayle S. Whipple*

John W. WhippleWilliam P. Whipple Sr.*

In Memoriam

*Members o the William P. and Gayle S. Whipple Legacy Circle

Photo o Cedar Rapids is courtesy o Wil Hatchel.

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