Planned giving is a strategic way to support your favorite causes while ensuring your financial and philanthropic goals are met. By including charitable donations in your estate plans, you can leave a lasting legacy that benefits multiple charities through a single contribution.
Please let us know if you have, or are planning on leaving a gift. This helps staff ensure we receive your gift correctly and distribute those funds in appropriately.
Create A Lasting Legacy
Creating a lasting legacy that benefits our community for generations to come. By including United Way of Pekin in your estate plans, you can support multiple charities and causes close to your heart. Contact us today to learn how you can make a difference through planned giving.
Maximize Your Impact
Your contribution can support a network of local organizations, ensuring your generosity touches many lives. Reach out to our team to explore your planned giving options and start making a difference today.
Tax Benefits and Giving
Did you know planned giving can offer significant tax benefits? By including United Way of Pekin in your estate plans, you can reduce your tax burden while supporting vital community services. Learn more about the financial advantages of planned giving and how you can contribute to a brighter future.
multiple Ways To Give
United Way of Pekin is a recognized 501(c)(3) non-profit organization, making your donations tax-deductible. We gratefully accept cash donations as well as in-kind donations of certain assets, including real estate, stocks, and life insurance policies. Your contributions support a wide range of community programs and services, making a lasting impact on those in need.
Please note, all planned giving should be carefully coordinated with your financial advisor to ensure it aligns with your overall financial plan and maximizes the benefits for both you and the community. For more information on how to give, contact United Way of Pekin today.
Gifts of Appreciated Stock
If you have appreciated stock, you can gift some or all of the stock shares to avoid owing capital gains tax. You will also receive a charitable tax deduction for your gift.
To send a gift of stock to UWP, follow these simple steps:
Identify which stock(s) you wish to gift, and how many shares.
Provide your broker or account custodian with UWP’s DTC number and Account number.
DTC Number: 0226
Account Number: MTR000202
Check with Keith McKeever at (309) 346-2433 or call Tremont First Financial Services at (309) 925-2699 to ensure your gift was successfully received and to gather any relevant confirmations for tax filing.
Bequests in wills & trusts
A gift may be bequeathed via a Will, Trust, or by Beneficiary Designation on an account. For example, you may list UWP as 5% beneficiary on your IRA or Life Insurance policy. Alternatively, you may list UWP in your Will to receive 10% of your estate, or to receive a gift of a specified dollar amount. UWP always appreciates being notified by the donor when being listed to receive a future bequest.
To leave a bequest to UWP, consider using the sample bequest language below in your Will or Trust. Work with an attorney for more complex scenarios.
Bequest of a Specific Dollar Amount
“I hereby give, devise and bequeath [$Dollars] to THE UNITED WAY OF PEKIN, a non-profit organization located at 206 N. 4th St. Pekin, IL 61554, Federal Tax ID: 37-0735365, for THE UNITED WAY OF PEKIN’ general use and purposes.”Bequest of Percentage of an Estate
“I hereby give, devise and bequeath [Percentage of Your Estate] to THE UNITED WAY OF PEKIN, a non-profit organization located at 206 N. 4th St. Pekin, IL 61554, Federal Tax ID: 37-0735365, for THE UNITED WAY OF PEKIN’ general use and purposes.”
To list UWP as a beneficiary on an IRA, employer sponsored retirement plan, investment account, or life insurance policy, provide:
The percentage of the account UWP will be entitled to receive upon your passing.
List the organization name as THE UNITED WAY OF PEKIN
List the Tax ID as 37-0735365
Charitable Remainder Trusts provide donors with a stream of income and a substantial tax deduction, while also leaving an impactful gift to a nonprofit. Donors commonly use Charitable Remainder Trusts when they are seeking ongoing income, but are facing a potentially large tax burden for the liquidation of existing assets in order to produce that income.
For example, someone owning highly appreciated Caterpillar Stock, appreciated farm ground, unused farming machinery, and a rental property would face a large tax bill should they liquidate all these assets and reposition for income. However, a Charitable Remainder Trust allows them to gift these assets into the Trust prior to liquidation, and then take both a tax deduction for their gift and ongoing income off of the invested Trust assets. Income can be taken as a fixed dollar amount or fixed percentage of account value, and will likely fall within a lower tax bracket than would have resulted from a traditional large liquidation of assets outside of a charitable remainder trust. Upon termination of the Trust, the remaining balance (or Remainder) passes to the charity.
CHARITABLE REMAINDER TRUST
Anyone age 70 ½ or older can gift a QCD up to $105,000 each year from their IRA. A QCD can be made even if a Required Minimum Distribution (RMD) is not required. A QCD must be made from an IRA, not a qualified retirement plan like a 401(k), 403(b), or 457 Plan. If you have a 401(k) or similar plan, John Graham and Associates can help you roll it into an IRA to allow future gifting. Whereas a withdrawal from an IRA counts as taxable income to the individual, a QCD provides a tax-free gift to the charity of your choice and can also be used to satisfy annual RMD requirements.
To direct some or all of a Qualified Charitable Distribution to UWP, follow these simple steps:
Determine the dollar amount you want to gift
List the charity name as THE UNITED WAY OF PEKIN
Provide the charity address as 206 N. 4th St. Pekin, IL 61554
If possible, make the gift to ATTN: Keith McKeever
Gather the corresponding tax document from your broker or IRA account custodian.
RETIREMENT PLAN ASSETS
Gifts of real estate and certain personal property may be accepted under certain conditions.
For example, the marketability of these assets is heavily considered as is the overall condition. These gifts will under almost all situations be subject to a gift acceptance committee review prior to acceptance.
Any inspections or appraisals of these types of donations will be at the cost of the donor and prior to final acceptance and transfer to the United Way of Pekin.
REAL ESTATE & Personal property
By donating your grain directly to the United Way of Pekin at your grain elevator or co-op, you can exclude the sale from federal and state income and self-employment taxes. This means more value from your donation, whether or not you itemize deductions. We receive the full benefit to put towards our mission—and you enjoy significant tax savings at the same time!
Just 4 simple steps to making your donation.
Deliver your grain to the elevator or co-op of your choice.
Sell the desired number of bushels in the name of The United Way of Pekin under Tax ID as 37-0735365.
A warehouse receipt is issued to you.
Notify us of your donation details!
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