United Way of Berks County

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Planned Giving

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Making A Planned Gift Work for You

Do you know the best type of gift for your situation? Test your ability to make money-smart decisions that make a difference.

  • 1. What is the best definition of the term "planned gift"?
  • A. It is making a gift in your will
  • B. It is the gift of a building
  • C. It is the idea of making a meaningful gift to a charitable organization during life or at death
  • D. It is the donation of $25 cash

  • 2. Which of the following are planned gifts?
  • A. Single outright lifetime gift
  • B. A gift in your will
  • C. A charitable trust
  • D. All of the above

  • 3. One example of an outright gift made during your lifetime is
  • A. Long-term appreciated and readily marketable property given today
  • B. A bequest in a will
  • C. A gift of personal property after you're gone
  • D. A gift of your home after you're gone

  • 4. Life insurance gifts typically involve large administrative expenses or one to two years of red tape.
  • A. True
  • B. False

  • 5. A charitable remainder trust provides donors the greatest tax advantages. Which of the below is not one of these advantages?
  • A. An immediate income tax deduction
  • B. Future tax deductions every year
  • C. Elimination of upfront capital gains tax
  • D. Potentially increased lifetime income

  • 6. If one of your financial objectives is to eliminate the tax on capital gains, the best gift might be
  • A. To contribute appreciated stock that you have held for at least a year
  • B. To make a bequest in your will
  • C. To give a gift of real estate that has lost half of its value
  • D. To give cash

  • 7. If you have special possessions, such as a valuable collection or other tangible objects, you should donate those that are suitable for a favorite organization's retention and use.
  • A. True
  • B. False

  • 8. Other than cash, the simplest and most frequently used alternative gift is
  • A. A gift of a stamp collection
  • B. A gift of long-term appreciated and readily marketable property, such as stock and real property
  • C. A gift of a vacation home
  • D. None of the above

  • 9. You should consider making a planned gift if
  • A. You're interested in furthering an organization's mission
  • B. You're interested in reducing taxes
  • C. You're interested in possibly increasing your income
  • D. All of the above




Copyright © The Stelter Company, All rights reserved.

The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.


 

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United Way's Mission

To be the steward of a voluntary community process which harnesses human and financial resources toward building a stronger community through collaborative resolution of identified health and human service challenges.

United Way's Vision

The United Way of Berks County will enhance the quality of life in our community by mobilizing the desire and capacity of people to care for one another.

United Way's Core Values

United Way of Berks County's role as a leader in the health and human services sector requires all persons involved with United Way of Berks County to assume responsibility of maintaining the public's trust.  To fulfill this obligation to the community and to ourselves, our Core Values provide the foundation on which we base our actions and decisions.  They are:

 

Integrity

Inclusiveness

Teamwork and Communication

Volunteerism

Impact

Community Leadership

 

Our Core Values are listed in detail in our Code of Ethics and Whistleblower Policy.  To learn more about our Core Values, click here.