United Way of Metropolitan Nashville is committed to the long-term health and well being of the Middle Tennessee community. In order to ensure that the needs in our community will be met well into the future, United Way has established a planned giving program.
Through this program, donors can give lasting gifts that will continue to help those in need for years to come. Planned gifts are made in the form of assets rather than income to insure long-term impact. Whether through a gift of stock, bequest, life insurance policy, or a trust, donors can contribute to United Way’s endowment, which will enable us to distribute a greater portion of annual gifts to the agencies addressing the most critical needs in Middle Tennessee.
Additionally, United Way has opened a fund at the Community Foundation of Middle Tennessee, in accordance with an agreement endorsed by the boards of each organization. All donors who have made a planned gift, or who let us know that they will make a planned gift, will be included as members of the Hickory Legacy Society. There currently are about 50 members of the Hickory Legacy Society who have committed gifts totaling approximately $2.5 million.
All donors who have made a planned gift, or who let us know that they will make a planned gift, will be included as members of the Hickory Legacy Society. There are currently about 50 members of this society who have committed gifts totaling approximately $2.5 million.
Your planned gifts to United Way can be made in a variety of ways and will not only benefit United Way and the Middle Tennessee community, but also may provide significant tax and income advantages. Donors are advised to consult with their attorneys or other professional advisers in considering a planned gift to United Way of Metropolitan Nashville. To leave a lasting legacy to the community by including United Way of Metropolitan Nashville in your will or estate plans, call Celeste Wilson at 615-780-2403 for more information.
Gifts of Cash
Donors wishing to make cash gifts to United Way’s endowment fund may make checks payable to “United Way of Metropolitan Nashville,” and specify in the memo line or in an accompanying letter that the gift is for United Way’s endowment fund.
Once donors have made provisions for family in their wills, they may wish to leave a specific amount, a percentage of the estate, or the residuum of the estate to United Way or other charity. Donors wishing to make a bequest to United Way may wish to use the following language:
“I give and bequeath to the United Way of Metropolitan Nashville, Nashville, Tennessee, the sum of _________ dollars or ________ % of my estate.”
Life Insurance/Retirement Plan Proceeds
Donors may choose to make United Way the designated beneficiary of life insurance or retirement plan proceeds. Life insurance polices with built-up cash value can make convenient tax-deductible gifts. Additionally, naming a charity the beneficiary of a retirement plan can result in significant tax savings.
Charitable Lead Trusts (CLT) and Charitable Remainder Trusts (CRT)
Charitable Lead Trusts and Charitable Remainder Trusts also are options for donors wishing to make provisions for charitable giving. These gift vehicles are more complicated and will require consultation with your attorney or estate planning professional.
Charitable Gift Annuities
Charitable Gift Annuities (CGA) are one of the most popular forms of planned giving and can offer tax advantages as well as life income for the donor or a named income beneficiary. A CGA is a contract between the donor and issuing charity, in which the donor makes an irrevocable gift to the charity, and in return the charity pays the donor a fixed income for life. Upon the death of the donor, the amount remaining (residuum) goes to the charity.