Giving for the long term
UUCB’s Endowment Fund
To encourage Planned Giving at our church, the Congregation has established a UUCB Endowment Fund to hold gifts and bequests from our members or friends.
Earnings from investments in the Endowment Fund can be spent, but the principal is never touched. Over a long enough period of time, the Endowment Fund can become very substantial, and can provide a large and secure source of income for our church.
Our Endowment Fund has grown to in excess of $1 million in funds received from past and current members and friends of UUCB.
Ways to Donate
- Write a check today and make an immediate donation to the UUCB Endowment Fund
- Donate shares of stock
- Make a bequest in your will
- Transfer assets to a revocable trust with UUCB’s Endowment Fund named as a beneficiary
- Name the UUCB Endowment Fund the beneficiary of your unused retirement account assets
- Set up a gift annuity fund which gifts cash or marketable property to the Endowment Fund which are reinvested and you receive a guarantee to be paid a fixed income for life (or for another beneficiary’s lifetime)
- Contribute to a Pooled Income Fund which pays you an income every year based on the earnings income of the funds you contribute to the Pool
- Gift investment property real estate to the Endowment Fund to avoid capital gains taxes
- Establish a Charitable Remainder Trust whereby UUCB’s Endowment Fund benefits as you receive a fixed or variable income stream
Your donation will encourage others to give and support the UUCB Endowment Fund.
Seminar: UUCB or Uncle Sam!
The Endowment Committee held a Seminar on strategies to reduce your taxes through charitable giving. Presenters were Laurel Randell, UUA (Legacy Gifts Manager) and Eugene Demmler, LPL (Registered Investment Advisor).
FAQs
What can you do? You can work with a qualified estate planning attorney to establish a gift or bequest, going to UUCB’s Endowment Fund now or later. This may require a simple change to your will or Living Trust or establishing a will or detailed estate plan to insure your assets are shared with those that matter to you.
Do I need an Estate Planning Attorney? You certainly need an estate plan. An estate plan can be a simple will or a complicated trust. Either can ensure that your assets will benefit those you care about most. Because there can be serious financial decisions to be made and because we cannot provide legal advice, if you have any doubts, we strongly recommend that you consult an estate attorney.
Does this offset the need for giving through our annual pledging program? It should not. UUCB still needs the ongoing support of all our members and friends to cover the daily, monthly and annual operating expenses. Even though the Endowment Fund earnings help with operating expenses we still need your Annual Pledge.
Can I specify how my gift gets used? Yes, you can, but UUCB’s Endowment Fund prefers unrestricted gifts. Unrestricted gifts give us more flexibility in management and are prudently invested. Annually the investment income is used for Congregation-approved expenses. If you restrict the gift we will likely accept it as long as it supports our mission.
Maybeck Legacy Society
Have you left a legacy gift in your estate plan that will strengthen the foundation of UUCB’s liberal spiritual community? Would you like to learn how you can include UUCB in your estate plans while also taking care of your loved ones?
If the answer to either of these questions is “yes,” please contact our ministers or the Endowment Committee to learn more about the Maybeck Legacy Society (named for architect and church member Bernard Maybeck, who helped make it possible for us to build in Kensington).
If you have any questions please send an e-mail to the members of the Endowment Committee.
More Information:
- Visit the UUA Planned Giving website
- The Endowment Committee manages the UUCB Endowment for the UUCB Board
