Charitable Gifts and Planned Giving
UCP welcomes all types of gifts and bequests to support its services. Some examples of outright gifts include gifts of real estate, life insurance or securities. Bequests are designated in your will.
There are three types of bequests that may be written in your will. These include:
- Specific Bequest - A specific dollar amount, percentage of estate or property can be designated in your will to go to UCP of Minnesota.
- Residual Bequest - After the estate has paid all expenses, debts and taxes and honored all specific bequests, the remaining amoutn will be transferred to UCP of Minnesota.
- Contingent Bequest - Under certain circumstances, UCP of Minnesota would receive all or a portion of your estate.
The following types of gifts may also be made. Please talk to your attorney or financial advisor to determine if any of these options fit your wishes and your needs.
- Charitable gift annuity - UCP of Minnesota, in exchange for an irrevocable gift,w ill pay a fixed dollar amount during the life of the donor or designated other. The amount that is received is determined by many factors including age of the donor, age of beneficiaries, and size of the gift.
- Pooled income fund - UCP of Minnesota receives a gift from you in money or securities which are invested together with similar gifts from other donors. The donor will continue to receive a proportionate share from the income for the rest of the donor's life.
- Charitable remainder trust - UCP of Minnesota receives cash, securities or other property from the donor. In return, UCP of Minnesota returns a percentage of income based on the gift value.
- Charitable remainder annuity trust - UCP of Minnesota receives in irrevocable transfer of the donor's money in return for a fixed amount of money to be given to the donor annually for life.
- Revocable trust - This option is for donors who want to be flexible, to give a gift with a variety of assets, and to have the option to take back the gift. This gift would give UCP of Minnesota money after it has provided income to the donor or designated loved one for life.
- Gifts of Insurance - If an existing insurance policy is no longer needed, you can assign UCP of Minnesota as the beneficiary.