Charitable Bequest
A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to United Way that will make a lasting impact.

Benefits of a bequest

  • Receive an estate tax charitable deduction
  • Reduce the burden of taxes on your family
  • Leave a lasting legacy to charity

How a bequest works
A bequest is one of the easiest gifts to make. With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or United Way of Greater New Bedford as part of your estate plan, or you can make a bequest using a beneficiary designation form.

Here are some of the ways to leave a bequest to United Way

  • Include a bequest to United Way in your will or revocable trust
  • Designate United Way as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension) see section below
  • Name United Way as a beneficiary of your life insurance policy

Types of Bequests

There are a number of ways you can make a bequest to United Way.

  • Specific Bequest: A specific bequest involves making a gift of a specific asset such as real estate, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to United Way.
  • Percentage Bequest: Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to United Way.
  • Residual Bequest: A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to United Way.
  • Contingent Bequest: A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to United Way.

United Way’s Bequest Language
An excellent way for you to support United Way’s mission is to leave us a bequest in your will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your life. Another benefit is that you are able to leave a lasting legacy. In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to United Way in your estate plan. We have provided some basic bequest language to assist you and your attorney.

Specific Bequest
If you are considering making an outright bequest to United Way, we recommend the following language:
Bequest of a Specific Dollar Amount – I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to United Way of Greater New Bedford, a nonprofit organization located at: 128 Union St. Suite 105, New Bedford, MA 02740. Federal Tax ID # 04-2104264, for United Way’s general use and purpose.

Bequest of Specific Personal Property
I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to United Way of Greater New Bedford, a nonprofit organization located at: 128 Union St. Suite 105, New Bedford, MA 02740. Federal Tax ID # 04-2104264, for United Way’s general use and purpose.

Percentage Bequest
If you are considering making a bequest of a percentage of your estate to United Way of Greater New Bedford, we recommend the following language:
I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to United Way of Greater New Bedford, a nonprofit organization located at: 128 Union St. Suite 105, New Bedford, MA 02740. Federal Tax ID # 04-2104264, for United Way’s general use and purpose.

Residual Bequest
I hereby give, devise and bequeath to United Way of Greater New Bedford, a nonprofit organization located at 128 Union St. Suite 105, New Bedford, MA 02740. Federal Tax ID # 04-2104264, for United Way’s general use and purpose. ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for United Way’s general use and purpose.

Contingent Bequest
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to United Way of Greater New Bedford located at: 128 Union St. Suite 105, New Bedford, MA 02740. Federal Tax ID # 04-2104264, for United Way’s general use and purpose, DESCRIPTION OF PROPERTY to be used for United Way’s general use and purpose.

Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals. If you are making a restricted bequest, we recommend that your attorney include the following provision to give United Way flexibility should it no longer be possible for our United Way to use your gift as you originally intended:
If, in the judgment of the Board of Directors of United Way of Greater New Bedford, it shall become impossible for United Way to use this bequest to accomplish the specific purposes of this bequest, United Way may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.

Contact Us
Please contact Maureen Sylvia, Vice President of Resource Development at msylvia@unitedwayofgnb.org or (508) 994-9625 ext. 218 if you have any questions about how to make a bequest to United Way or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.If you have included a bequest for United Way of Greater New Bedford in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.

IRA Charitable Rollover

You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to our organization
  • Satisfy your required minimum distribution (RMD) for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the 50% deduction limits on charitable gifts
  • Help further the work and mission of our organization

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift from your IRA to us.
  2. Your IRA funds will be directly transferred to our organization to help continue our important work.
  3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
  4. Please contact us if you wish for your gift to be used for a specific purpose.

If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.