Are you considering leaving UCAN a gift in your estate plans?  

With a planned gift to UCAN, you can combine your desire to give to charity with your overall financial, tax and estate planning goals.  You'll also be leaving behind a legacy for years to follow, and will be honored as a member of our 1869 Society. 

There are multiple ways to include UCAN in your plans, and we would greatly appreciate your support.  Your financial advisor would be best suited to consult with you on your plans, but please find the answers to some frequently asked questions about planned giving below.  For more information, please contact Rebecca Faulk, Director of Development, at 773-290-5086 or faulkr@ucanchicago.org.

Did you know that you can use your IRA to help others?

• Your annual Traditional IRA required distributions are taxed at normal income tax rates.  However, if you gift these distributions to a charity, they are not taxed.  You may make a Qualified Charitible Distribution from your IRA to a qualified charity.  Please consult your tax advisor for more details.

Are you looking for an end of year income tax savings idea?

• Charitable contributions are a great way to reduce income tax obligations.  Each charitable gift may be used as a deduction against income and capital gains taxes.  Please consult your tax advisor for more details.
  
  

Did you know that you may receive more favorable tax treatment if you make a gift of stock versus cash?

• Gifting stock, particularly those with a low cost basis, can result in better tax treatment for the donor than a cash gift. The recipient receives the gift at market value while the donor is able to avoid a capital gains tax that would, otherwise, have to be acknowledged when the stock is sold.
  
  

Have you considered contributing to a Donor Advised Fund?

• A Donor Advised Fund is a charitable investment vehicle whose sole purpose is to make distributions to charities based on the donors’ recommendations.  Donors may have their gift assets professionally managed, while maintaining control over the administration of the gifts to the various charitable entities.  
  
  

Would you like to leave a legacy for you for tomorrow, while benefiting your family today?

• If your estate is taxable (greater than $3.5 million in 2010), incorporating charitable giving into your estate plan will potentially reduce your taxable estate and the payment of federal estate taxes.  There are numerous estate planning vehicles related to charitable giving and long-term philanthropy.  Please consult with your estate planning attorney and tax advisor for development of a philanthropic strategy tailored for you.