CREATE A LEGACY
The UMFS 1900 Society
As someone who cares about leaving the world a better place than you found it, it’s never too soon to start thinking about your legacy.
When you make a planned gift to UMFS, you join the UMFS 1900 Society. Your gift is an investment in high-risk children and their families, helping them become self-sufficient, contributing members of their communities, now and into the future. You’ll be empowering generations to come.
UMFS offers a range of approaches to create a legacy and help you achieve your charitable and financial objectives.
| Bequests by Will | Gift of Life Insurance | Gift of Retirement Plan (IRA, 401(k), etc.) | |
|---|---|---|---|
| Your Goal | Make a gift to UMFS after your lifetime. | Utilize a life insurance policy to make a charitable gift, enabling you to make a larger gift than you might be able to make with other assets. | Make a gift to UMFS after your lifetime, and maintain control of your assets during your life. For information about making an IRA donation during your lifetime, CLICK HERE. |
| How It Works | Designate UMFS as the beneficiary in your will or living trust, indicating a specific amount, percentage, or a share to UMFS. Please use our full legal name: United Methodist Family Services of Virginia, EIN #54-0505969. | Fill out a change of ownership form with your insurance company designating UMFS as the new owner. Please use our full legal name: United Methodist Family Services of Virginia, EIN #54-0505969. | Complete a beneficiary designation form that names UMFS as a beneficiary of your retirement plan. Please use our full legal name: United Methodist Family Services of Virginia. You can also include our EIN #54-0505969. |
| Benefits | Estate tax charitable deduction. Use and ownership of your property and assets while you are alive. | Reduced income taxes and estate taxes. Maintain privacy since a life insurance gift is not a matter of public record. You can donate an existing policy or purchase a new policy specifically for charitable use. | Estate tax charitable deduction. Use and ownership of your property and assets while you are alive. |
Bequests by Will
To make a gift to UMFS after your lifetime, you can designate UMFS as a beneficiary in your will or living trust. You can designate a specific amount, percentage, or a share of your estate to UMFS.
Please use our full legal name in your will: United Methodist Family Services of Virginia, EIN #54-0505969.
Gifts of Life Insurance
Making a charitable gift using a life insurance policy may be able to help you make a larger gift than you might otherwise be able to do with other assets.
To give a gift of life insurance, you must complete a change of ownership form with your insurance company. Please designate UMFS as the new owner using our full legal name: United Methodist Family Services of Virginia, EIN #54-0505969.
You can donate an existing or new policy purchased specifically for charitable use. Since a gift of life insurance policy is not a matter of public record, you gift will remain private.
Gifts of Retirement Plan (IRA, 401(K), etc.)
Retirement plan gifts offer another avenue to enjoy your assets and property during your lifetime, secure in the knowledge that you are leaving behind something that will last.
Simply fill out a form with your 401K or IRA provider, and name UMFS as a beneficiary. Please use our full legal name: United Methodist Family Services of Virginia, EIN #54-0505969.
Questions?
We are here to help. Please use the form below to learn more, and discuss options.
For a full understanding of the impact of planned giving for your personal situation, please consult your legal, financial, or tax advisers.
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