Meet your charitable goals
The Upper Arlington Community Foundation works closely with you and your client to find the perfect match for your charitable goals. We want to ensure that you choose the best possible giving method that will meet your client’s financial objectives, provide for his or her heirs, and improve the community far into the future. There are a wide variety of giving options available for individuals, families, businesses, and nonprofits. Many of our donors give during their lifetime or create a bequest in their will.
Plan your giving strategy
The Upper Arlington Community Foundation accepts many different kinds of gifts, each with varying tax benefits. We encourage you to talk with your client to determine which strategy and type of gift best suit your charitable goals. In addition, we would be happy to sit down with you to discuss ways you can maximize your gift.
Gift of Cash
The easiest way to give.
Cash gifts are a simple way to establish a fund or add to an existing fund. You may pay online, by mail, or in person. Either way, your transaction is private and secure. Tax savings from gifts of cash will vary based on your tax bracket.
Gift of Appreciated Stock
Stock market gains offer opportunities to do good work.
Your gift of stock is reinvested in your community, and it qualifies for an immediate tax deduction based on the full market value. Utilizing UACF, your gifts of stock avoid capital gains taxes that could be due as a result of its sale. We work with the Columbus Foundation to execute gifts of stock.
Gift of Real Estate
Maximizes tax deductions and avoids capital gains taxes.
Making a charitable gift of real estate can turn your property into worthwhile projects and programs. With the help of UACF, you can use a gift of property to support your charitable interests while also receiving financial and tax benefits.
Gift of Life Insurance
Making the community a beneficiary.
A gift of life insurance allows donors to make a substantial future gift at a relatively modest cost. You may name UACF as the owner of an existing policy that you no longer need or purchase a new policy with UACF as the owner and beneficiary. You will qualify for a federal income tax deduction for the cash surrender value of your policy in the year the gift is made. Reduced estate and income taxes provide additional benefits and, if you choose to continue paying premiums through UACF, you will earn additional deductions for charitable contributions.
Bequest by Will
Creating a legacy of goodwill.
Including a charitable bequest in your will is an effective and simple way to make a lasting gift to your community. Using this special type of philanthropy through the Upper Arlington Community Foundation allows us to establish new funds or build existing ones, providing benefits to the community for years to come. In doing so, you leave a legacy to your community and are able to distribute some or all of your assets, tax free. You can give cash, appreciated stocks or other assets, and you can designate a fixed dollar amount, a specific property, a percentage of your estate, the remainder after distributions to other beneficiaries, or other wishes as they relate to distribution.
Retirement Plan Beneficiaries
Planning ahead provides for the future.
Retirement plans provide an opportunity for you to help plan for your community’s future. They are one of the best types of assets to transfer to a charity because retirement plans produce taxable income. By naming the Upper Arlington Community Foundation as the beneficiary of your retirement plan, you could receive a number of benefits. Most assets that an heir inherits are free from income tax. However, an heir will pay income tax on disbursements from a decedent’s retirement plan such as a profit sharing plan, 401(k) plan or IRA. If you are going to make a charitable bequest, it is usually better to transfer these taxable assets subject to income tax to a tax-exempt charity, such as the Upper Arlington Community Foundation, and to transfer the non-taxable assets not subject to income tax to heirs.
Life Insurance Beneficiaries
The community is the beneficiary.
Perhaps you would like to contribute the proceeds of a life insurance policy to help the community, but you are not ready to give up ownership of the policy. By naming the Upper Arlington Community Foundation only as beneficiary, you retain ownership of the policy and have access to the cash value as well as the right to change the beneficiary in the future. This type of contribution allows you to give to your favorite charity on your demise, even if you don’t have the liquid assets right now. While you retain ownership of the policy, there is no charitable deduction for the value of the policy when you designate the Upper Arlington Community Foundation as the beneficiary, or for subsequent insurance premiums. However, any proceeds payable to UACF on your demise will be deductible for federal estate taxes. Your gift will be used to establish a fund or support the fund(s) of your choice, ensuring that the community will be the beneficiary of your generosity, forever.
Honor the accomplishments or memory of someone special.
Recognize special people who have made a difference in your life and in the community. Contributions may be made to any existing fund to celebrate and honor a living person, memorialize individuals at the time of their passing, celebrate milestone events, and express appreciation for a job well done.
Continue the legacy of a loved one.
Families meet difficult and painful choices when faced with the loss of a loved one. The Upper Arlington Community Foundation can serve families who choose to remember their loved one in a most special way, by establishing a fund or giving a memorial gift to UACF. Oftentimes, the gifts are designated in lieu of flowers, and, in other cases, a specific fund is created that will bear your loved one’s name and support one or more of his/her favorite charities or causes.