Leave a Legacy with Urban Ministries of Wake County

While your cash donation is always welcome and needed at Urban Ministries, there are other ways to support us that can provide valuable tax benefits to you or your heirs. Such giving techniques are called “planned” or “legacy” gifts.

Some ways to do that:

 

UMWC EIN: 58-1422700

Charitable Bequest

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 UMWC as part of your estate plan, or you can make a bequest using a beneficiary designation form.

 

Benefits of a bequest

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

Retirement Assets

Donating part or all of your unused retirement assets such as a gift from your IRA, 401(k), 403(b), pension or other tax-deferred plan is an excellent way to make a gift to UMWC.

To leave your retirement assets to UMWC, you will need to complete a beneficiary designation form provided by your retirement plan custodian.

Benefits of gifts of retirement assets

  • -Avoid potential estate tax on retirement assets
  • -Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
  • -Receive potential estate tax savings from an estate tax deduction

Real Estate

Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, or commercial property can make a great gift to UMWC.

Your real property may be given to UMWC by executing a deed transferring ownership. Your gift will generally be based on the property’s fair market value, which must be established by an independent appraisal.

Benefits of gifts of real estate

  • -Avoid paying capital gains tax on the sale of the real estate
  • -Receive a charitable income tax deduction based on the value of the gift
  • -Leave a lasting legacy to UMWC

Personal Properties and Other Assets

There are many other types of assets you may wish to donate to UMWC.  Typically these assets require an independent appraisal.