Ways to Give
Giving a legacy gift is much more accessible than people often think, regardless of age or economic status. This page covers some of the ways that you can include UPAF in your estate planning to support performing arts excellence, education and accessibility into the future.*
A bequest is a written statement in a donor’s will directing specific assets or a percentage of the estate to be transferred to a charity at the time of the donor’s death. There are a number of ways you can make a bequest to UPAF, including a cash bequest of a specified dollar amount or a residuary bequest in which UPAF receives all or a percentage of the remainder of the estate after the estate is settled with others.
Donors may give an existing policy, either fully or partially paid. Similar to a retirement plan designation, the proposed gift to UPAF is accomplished by naming UPAF as a beneficiary of the policy on the beneficiary designation form. When you make UPAF the owner and beneficiary of a policy, you can receive an immediate income tax deduction for the current value of the policy.
A gift of long-term appreciated securities, either publicly traded or from a closely-held company, may provide you with greater tax advantages than a gift of cash. By donating appreciated stock to UPAF, you may deduct the current fair market value as a charitable gift and avoid capital gains tax on the appreciation whether or not you itemize deductions.
A donor-advised fund allows donors to make a charitable contribution, receive an immediate tax deduction and then recommend grants from the fund over time. Donors can contribute to the fund as frequently as they like and then recommend grants to their favorite charities. The donor can designate a trustee to ensure the funds are properly distributed.
Charitable Lead Trust
A charitable lead trust is a trust arrangement that pays current annual contributions to UPAF for a specified period of years, with the trust principal reverting to the donor or the donor’s family when the trust ends. It is advisable to seek the assistance of an experienced charitable estate planner before entering into this type of arrangement.
For more information about making a legacy gift, contact us: PlannedGiving@upaf.org or 414-239-6268 or learn more on the following pages:
*The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.