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12 Meaningful Ways to Make a Difference With Your Giving

Tue, Nov 12, 2024 at 12:35PM

12 Meaningful Ways to Make a Difference With Your Giving

The Community Foundation and United Way of Volusia-Flagler Counties provide a wide range of giving options to support the organizations you care about. Whether you prefer a one-time cash donation, a recurring gift, a stock transfer, real estate, cryptocurrency or other valuable assets, we have options to suit your preferences for today and tomorrow. This flexibility helps us maximize your impact, aligning with your financial and philanthropic goals while ensuring your gift benefits our mission and the community to the fullest.

Ready to take the next step? Discover 12 powerful ways your giving can make a lasting impact.

 

6 Simple Ways to Make an Impact Today

One-Time Donation

A one-time cash, check or online donation provides immediate resources. This type of gift allows you to quickly support our funds and programs without complex planning, making it a flexible and accessible way to contribute.

Recurring Gift

Setting up a regular monthly or quarterly donation helps provide a predictable income stream. Recurring gifts are convenient for budgeting. Small, regular donations can add up significantly over time, supporting growth and stability.

Stock Gifts

Donating appreciated stock allows you to avoid capital gains taxes while receiving a tax deduction for the stock’s full market value. For instance, if you bought stock at $1000 and it’s now worth $4000, you can donate the stock directly and avoid paying capital gains taxes on the $3000 profit. Plus, you’ll be able to deduct the full $4000 donation from your existing tax liability.

Retirement Account Donations (Qualified Charitable Deduction)

Once you reach age 72, you’re required to take a certain amount from your retirement every year. Donating directly from your IRA, 401(k) or other retirement accounts can reduce your taxable income, especially if you’re at an age requiring minimum distributions. By making a QCD directly from your retirement account, you reduce your taxable income and you get the full benefit from any money donated.

Zero-Tax Gift and Sale

By gifting a portion of a business or real estate asset before its sale, you avoid capital gains tax on the donated portion, preserving more value for your contribution. This option allows you to maximize the impact of your assets and provides immediate support for funds or programs.

Asset Donation

Donating valuable items like artwork, collectibles or vehicles can be converted into donations towards United Way or Community Foundation funds. By giving assets you no longer need, you can turn unused items into financial support and avoid any capital gains taxes.

 

6 Inspiring Ways to Give Back Tomorrow

Charitable Trust

A Charitable Trust lets you transfer assets to a trust that pays you or designated beneficiaries an income for life or a specific term. Then once the trust expires, funds go to a Community Foundation or United Way endowment. This option allows you to maintain a lifetime income for you or your children, receive an immediate tax deduction and leave a legacy gift to an organization of your choice. This could be a win-win-win for you, your family and the foundation.

Retained Life Estate

With a retained life estate, you donate property (like a home) to an endowment but retain the right to live there for the rest of your life. You get an immediate tax deduction for the assessed value of the property and your home passes to the endowment upon your passing. This tool helps you create a future gift to an organization you care about without disrupting your current lifestyle.

Life Insurance

Donating an unneeded life insurance policy or naming an endowment as a beneficiary allows you to make a significant legacy gift without affecting your estate. It can be an affordable way to give as a small premium payment often results in a larger payout.

Estate Asset Donation

You can donate specific items of property, such as real estate or other valuables from your estate which provides a tangible asset that can be sold to support the foundation. This type of gift often comes with tax benefits while supporting an endowment with potentially high-value items.

Bequest

Including the CFUWVFC in your will or estate plan is a straightforward way to make a lasting impact without affecting your current finances. It allows you to direct a portion of your estate to a foundation account, allowing ongoing support and reducing estate tax liability.

Retirement Asset Designation

Designating CFUWVFC as the beneficiary of your retirement account can avoid income and estate taxes that would apply to heirs. By passing your retirement assets directly to us, you provide substantial support for its mission while potentially reducing the tax burden on your estate.

By working with the Community Foundation and United Way, your legacy can support any one of our existing funds. Whether you’re ready to give now or planning for tomorrow, we’re here to support you. Connect with one of our charitable giving experts today.

DONATE HERE

Contact the Team:

Sheila Pillath - Vice President of Development: spillath@uwvfc.org 

Jason Stewart - Senior Philanthropic Advisor: JStewart@uwvfc.org 

Ben Collins - Philanthropic Advisor: bcollins@uwvfc.org  

Madison Asbill - Resource Development Manager: MAsbill@uwvfc.org 

Emmanuel Kamel - Development Support Specialist: EKamel@uwvfc.org 


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