What is a Planned Gift?
Planned gifts may include a variety of strategies that an individual may utilize to bequeath money and/or assets to United Cerebral Palsy of Metro Detroit (UCP/Detroit). Most often, planned gifts are made through a will or trust; gifts that provide lifetime income to the donor like a charitable gift annuity; or gifts that protect your assets, like a retained life estate of a house or as an end-of-year cash gift. However, charitable donations can take many forms – the loose change that you drop into a bucket during the holiday season, a gift in honor or memory of someone, or a planned donation with important tax and financial implications.
Why Planned Giving?
A planned gift allows your personal values to make a lasting impact on the world; creating a ripple effect that inspires other women to join in your commitment to continue changing women’s lives one woman at a time.
Your gift ensures that UCP/Detroit will have the financial resources to provide scholarships and professional development for women today and tomorrow because planned gifts are typically arranged now and paid out later. If you are interested in providing a planned gift to UCP/Detroit, the first step is to select the right planned giving vehicle for you since a planned gift can reduce your estate and income taxes, maximize the financial and tax benefits of your gift, and potentially allow you to make a larger gift than you ever thought possible.
We recommend that you seek professional guidance from a qualified estate planning attorney or financial planner to learn which options are best for you. Ensure your legacy by contributing a planned gift to UCP/Detroit.
Types of Bequests You May Consider
- Specific: a certain amount of cash, securities, or property.
- General: property that is similar to all other items distributed (usually cash).
- Percentage: a stated percentage of the donor’s estate.
- Residual: all or a portion of what remains of the estate after specific and general bequests are distributed.
- Contingency Gift: a gift under the terms of a will, trust or insurance policy received only if a certain event occurs or if a certain set of circumstances happen.
- Beneficiary designation: through life insurance, IRAs, 401(k)s, annuities, and other qualified plans.
You can specify your bequests too for a specific program offered through UCP/Detroit, please send your inquiry to: email@example.com