We love a good classic - But...
The classic methods for charitable giving through United Way have historically been payroll deduction, credit card, or check gifts. But did you know that there are many other options to make a long standing gift? Here are just a few!
For more info about any of the following giving options, please reach out to our Executive Director, Mariah Vail, for more information. (info@myunitedway.org)
1.) Endowment Gifts
Endowment gifts create a steady stream of annual income to forever support the United Way's critical work in our community. Endowment gifts can be made at any time, or can be created as a part of an estate plan. United Way currently partners with the Community Foundation of Kankakee River Valley, where two endowments are currently available to contribute to:
United Way of Kankakee Fund: Established in 2010 by anonymous donors with a lead gift of $20,000. Contributions to this fund support operations and programs of United Way of Kankakee and Iroquois Counties.- United Way of Iroquois Fund: Established in 2014 through an estate gift for the benefit of Iroquois County. Contributions to this fund generates up to $25,000 in distributions each year to Iroquois County nonprofits.
The Community Foundation can accept gifts to both funds which assist with the growth and sustainability of United Way of Kankakee and Iroquois Counties' programs and operations. Contributions to these Funds can be made online at cfkrv.org or by mail to the Foundation Office.
2.) Gifts from your IRA
Did you know that individuals aged 70 and a half and older are required to take yearly distributions from their IRA, which are then subjected to taxation? There is a way to reduce your tax burden while also contributing to your community.
By making rollover contributions from your IRA, you have the opportunity to donate up to $100,000 annually to charitable organizations like the United Way of Kankakee & Iroquois Counties, and the best part is, it's entirely tax-free. Just inform your broker or fund manager of your intention to donate all or a portion of your Qualified Charitable Distribution (QCD) to United Way of Kankakee & Iroquois Counites. (EIN: 36-2188452)
3.) Including United Way in your Will
Where there's a will, there's a way. Having a will is essential for everyone, regardless of the size of your estate, as it serves as a valuable tool to support your chosen beneficiaries and causes close to your heart. By having a will, you can ensure that your desires are clearly stated and known. To make the process easier, United Way has collaborated with FreeWill, allowing you to create a free will in as little as 20 minutes. For more information or to begin the process, visit their website at: www.freewill.com
4.) Donor Advised Funds (DAF)
A donor advised fund (DAF) is a type of giving program administered by a third party that allows you to easily make a charitable contribution to the United Way while also receiving favorable tax benefits.
It is created for the purpose of managing charitable donations on behalf of an organization, family, or individual. DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals.
To learn more about donor advised funds, and how you can leave a lasting legacy in our community, please contact us at info@myunitedway.org for more information.
5.) Planned Giving
United Way wants to ensure that your charitable goals are met effectively. To start the conversation about making a legacy gift, please reach out to info@myunitedway.org.
BONUS: Consider Joining The Leadership Giving Society!
United Way of Kankakee and Iroquois Counties’ Leadership Giving Society is comprised of members who prioritize giving back to our community year after year.
Through their annual gifts of $500 or more, these donors are a leading force in creating positive change in the lives of Kankakee and Iroquois Counties’ citizens. Their contributions of time, talent and treasure help us successfully achieve our vision of a stronger, healthier and more compassionate community.
