Legacy Impact Fund

Planned Giving

The Legacy Impact Fund is a newly created endowment fund of the United Way of Westmoreland County (UWWC). Its purpose is to invest planned gifts that ensure funds are always available to address critical human service needs in our community as they change over time.

The Legacy Impact Fund will increase the United Way's ability to:

develop new programs to address emerging needs

provide additional funding to exceptional partner agencies

offer technical support and education to local nonprofits
respond to local disasters

A “planned gift” is typically one from a donor’s retirement, other assets or estate plan, but it can be a gift made at any time. There are several ways that individuals and families can contribute to the United Way of Westmoreland County’s Legacy Impact Fund. Both current and deferred gifts are accepted. Here are some strategies that you might consider when making your Legacy Impact Fund gift:

1. Cash—personal checks are among the most common charitable gifts.

2. Securities—gifts of appreciated stock may be effective for reducing capital gains tax.

3. Bequests—gift designations made from your estate—specific amounts, percentages or residuary amounts—can be made in your will and estate plan.

4. Life Insurance—the United Way’s Legacy Impact Fund can be named as a beneficiary of all or a portion of life insurance proceeds. Life insurance can be a significant gift of assets that does not impact current giving from income.

5. Individual Retirement Accounts (IRAs)—gifts may be made from required distributions or IRA remainder. Depending on current tax provisions, gifts from IRAs may be particularly advantageous.

6. Gift Annuities and Remainder Trusts—gifts that provide a percentage of the total value as income back to the donor. This vehicle provides a way to begin investing in the Legacy Impact Fund with maintaining a stream of income during the donor’s lifetime.

The United Way recognizes that everyone’s circumstances are different with regard to the timing, gift vehicle and size of gift. We encourage you to discuss these options and their tax planning implications with your financial advisors before making your gift.

Announcing the 2010 Founding Givers

for the Legacy Impact Fund:

Marilyn Daniels

Mary Ann Gawelek

Bobbi Watt Geer

Max House

Nancy Kukovich

Robert Moffett, Jr.

Myles Sampson

Margaret & John Solochier

Chuck Urtin

Kevin Wise

Sharon Wise