Use Your Will and Beneficiary Designations to Give to Unitarian Universalism
Giving can be one of life’s great satisfactions, especially when you know that your gifts help to improve the lives of others. Your generosity can help ensure that UUCF continues to thrive to support our UU values for many years to come. A legacy gift to UUCF support is a gift that supports:
- The inherent worth and dignity of every person,
- A free and responsible search for truth and meaning;
- The interdependent web of all existence,
- The building up of a diverse, multicultural beloved community, and so much more!
Every bequest is a meaningful way to leave a legacy of support for Unitarian Universalism. You can use a bequest in your will to give:
- a specific dollar amount,
- a percentage of your estate,
- a specific item, such as real estate.
- a percentage of a retirement account, life insurance policy, savings account, donor advised fund, or commercial annuity.
As with any substantial gift, we recommend that you consult your legal and/or tax professionals to ensure that your plans are structured to achieve the overall result you are seeking.
Bequests and other estate gifts come in all shapes and sizes and are as different as the people who create them. Some bequests are unrestricted, given for general purposes. We can put these gifts to use where they are most needed. Some bequests are restricted, given for very specific purposes, such as the permanent endowment, building maintenance, or a long-term project. Rev. Carl would be glad to discuss options with you.
Consider naming UUCF as the beneficiary of your existing account in a donor advised fund, a retirement plan, IRA account, a life insurance policy, bank account, or commercial annuity:
- Contact your retirement plan administrator, insurance company, bank or financial institution for a change of beneficiary form. Sometimes these forms are available online.
- Decide what percentage (1 to 100) you would like UUCF to receive and name UUCF, along with the percentage you choose, on the beneficiary form.
- Return the completed form to your plan administrator, insurance company, bank, or financial institution.
Suggested Bequest Language
Please share the following suggested bequest language with your attorney to assist in drafting a will or codicil or to designate UUCF as a beneficiary of your estate.
- Unrestricted Gift: I give to the [Unitarian Universalist Congregation of Frederick, located in Frederick, Maryland], [___% of my estate or the sum of ] for its general purposes.
- Restricted Gift: I give to the [Unitarian Universalist Congregation of Frederick, located in Frederick, Maryland]], [___ % of my estate or the sum of ] to be used for [stated purpose]. If at any time in the judgment of the organization’s board of trustees it is deemed impossible or impracticable to carry out the above purpose, said trustees shall determine a purpose as near as possible to that description above.
Testamentary Charitable Remainder Trust
A trust document is created during your lifetime, with a “pour-over” will to designate which assets are to be placed in a trust with the income paid to specific individuals for their lifetimes. Upon the death of the last income recipient, or after a term of a specified number of years, the trust terminates and assets are transferred to UUCF, completing your gift.
For further information
To discuss any aspect of potential legacy giving that would be helpful to you, please contact Rev. Carl at .