Endowment

Legacy Society Gifts Create Ever-Lasting Impact

United Way makes positive change happen because of ongoing support from community members.   

The United Way of Siouxland Endowment provides leverage for advancing our mission, helps advance the common good, and provides the opportunity to make a lasting impact for generations to come.  Each year, earnings from the endowment are invested directly into local programs through the Community Impact grant process.      

Why Choose United Way of Siouxland?

The needs of our community are ever-changing and accountability is key. United Way's role in Siouxland has been and will continue to be critical to bringing people, organizations, government entities and every-day difference makers together to solve new issues and improve lives. The unique role that we play allows your endowed gift to perpetually adjust to the needs in Siouxland. This collaborative way of solving problems increases efficiencies and reduces duplication of services. 

United Way's Community Impact process is one of the most successful models within our network. We utilize community volunteers who are also donors, just like you, to evaluate each program application to ensure that: 

  • Each organization is fiscally responsible.
    • United Way's first stop in reviewing grant applications is our Finance Team. These volunteers review the review budget, audit, 990 and more of every nonprofit organization that requests funds.  This ensures that every dollar is invested in organizations held to the highest standards for accountability.
  • Programs that receive funding achieve tangible, measurable results.
    • Our Community Impact Team volunteers review each program for overall effectiveness. Goals are set and outcome measurements are reported every year to ensure that efforts are leading to long-term results. 
  • United Way works collaboratively year-round to solve problems. 
    • United Way recognizes that we are all stronger when we work together. We are involved with local initiatives which bring people together to solve issues. We regularly review the needs of our community.  We measure and analyze thousands of local dats points and statistical trends each year and we consult with professionals from education, healthcare, law enforcement, mental health and more to set goals that fit our current issues.    By monitoring the needs of our community we can invest our time, dollars and energy and make the biggest possible impact on the root causes of the issues. 

See more reasons to give at www.unitedwaysiouxland.com/our-impact

To sustain a yearly gift of $100 you would need to donate $2500, one time, to the endowment fund:

 

 

Amount in the endowment Fund at start of year

Amount in the endowment Fund at end of year if earned 6%

Amount used by United Way after adjustment for inflation

Principal amount that continues to earn

Year 1

$2,500

$2,650

$100

$2,550

Year 2

$2,550

$2,703

$102

$2,601

Year 3

$2,601

$2,757

$104

$2,653

Year 4

$2,653

$2,812

$106

$2,706

Year 5

$2,706

$2,868

$108

$2,760

Year 6

$2,760

$2,926

$110

$2,815

Year 7

$2,815

$2,984

$113

$2,872

Year 8

$2,872

$3,044

$115

$2,929

Year 9

$2,929

$3,105

$117

$2,988

Year 10

$2,988

$3,167

$120

$3,047

Year 11

$3,047

$3,230

$122

$3,108

Year 12

$3,108

$3,295

$124

$3,171

Year 13

$3,171

$3,361

$127

$3,234

Year 14

$3,234

$3,428

$129

$3,299

Year 15

$3,299

$3,497

$132

$3,365

Year 16

$3,365

$3,567

$135

$3,432

Year 17

$3,432

$3,638

$137

$3,501

Year 18

$3,501

$3,711

$140

$3,571

Year 19

$3,571

$3,785

$143

$3,642

Year 20

$3,642

$3,861

$146

$3,715

Year 21

$3,715

$3,938

$149

$3,789

Year 22

$3,789

$4,017

$152

$3,865

Year 23

$3,865

$4,097

$155

$3,942

Year 24

$3,942

$4,179

$158

$4,021

Year 25

$4,021

$4,262

$161

$4,102

 

To sustain a gift of $20,000 per year you would need to donate $500,000, one time,  to the endowment fund:

 

 

Amount in the endowment Fund at start of year

Amount in the endowment Fund at end of year if earned 6%

Amount used by United Way after adjustment for inflation

Principal amount that continues to earn

Year 1

$500,000

$530,000

$20,000

$510,000

Year 2

$510,000

$540,600

$20,400

$520,200

Year 3

$520,200

$551,412

$20,808

$530,604

Year 4

$530,604

$562,440

$21,224

$541,216

Year 5

$541,216

$573,689

$21,649

$552,040

Year 6

$552,040

$585,163

$22,082

$563,081

Year 7

$563,081

$596,866

$22,523

$574,343

Year 8

$574,343

$608,803

$22,974

$585,830

Year 9

$585,830

$620,979

$23,433

$597,546

Year 10

$597,546

$633,399

$23,902

$609,497

Year 11

$609,497

$646,067

$24,380

$621,687

Year 12

$621,687

$658,988

$24,867

$634,121

Year 13

$634,121

$672,168

$25,365

$646,803

Year 14

$646,803

$685,612

$25,872

$659,739

Year 15

$659,739

$699,324

$26,390

$672,934

Year 16

$672,934

$713,310

$26,917

$686,393

Year 17

$686,393

$727,576

$27,456

$700,121

Year 18

$700,121

$742,128

$28,005

$714,123

Year 19

$714,123

$756,971

$28,565

$728,406

Year 20

$728,406

$772,110

$29,136

$742,974

Year 21

$742,974

$787,552

$29,719

$757,833

Year 22

$757,833

$803,303

$30,313

$772,990

Year 23

$772,990

$819,369

$30,920

$788,450

Year 24

$788,450

$835,757

$31,538

$804,219

Year 25

$804,219

$852,472

$32,169

$820,303

 

The examples above are based on the endowment fund earning 6% per year and inflation rates maintaining at 2% per year.  These are only estimates and the actual rates will vary.  

 

Ways to Give

United Way accepts gifts of cash at any time. If you wish to make a gift, you may do so now or at any point in the future. Please complete our membership form and include it with your contribution to ensure we recognize and thank you appropriately.

Most planned gifts come in the form of bequests in a will or trust.  If you wish to make a gift to United Way of Siouxland’s endowment fund but you do not know how much you need to retain for your own needs, a simple provision in your will or trust can enable you to make a significant contribution after you are gone that would  not be possible during your lifetime. 

You can use this sample bequest language in your will or trust:

I give, devise and bequeath to United Way of Siouxland, Inc., 701 Steuben Street, Sioux City, IA 51101, Tax ID number: 42-0680395, the sum of $____________ /or ___ % of my estate/or the following specific asset ____________________________ for the benefit of United Way of Siouxland and its general purposes/or to be added to its endowment.

Life insurance is a way to provide for the loved ones you leave behind, but it can also be a powerful charitable tool to ensure United Way of Siouxland continues its mission. By naming United Way of Siouxland as a beneficiary of your life insurance policy, you are able to leave a lasting legacy without depleting your cash and other assets while you still need them.

Donations of property to United Way can help avoid the taxes you would pay if you sold the property and donated the proceeds.  You save taxes and United Way ends up with a larger donation.

By making a gift or stocks or bonds to United Way you may be able to avoid paying the capital gains tax that would be associated if you sold those assets.  Because of the capital gains tax treatment, stocks and bonds can provide a greater tax benefit than a gift of cash in an equivalent value.  You may also receive a charitable income tax deduction when you make a gift of securities. 

An honorary gift is a charitable gift made in honor of a special person.  Gifts may be made through any method of payment.

Retirement plan assets offer significant tax benefits to the United Way of Siouxland when you name United Way of Siouxland as the beneficiary of your retirement plan.

How can I take advantage of the State of Iowa tax credit?

The Endow Iowa Tax Credit Program offers you generous tax incentives to make it easier to give more for less. By giving to a permanently endowed fund at a qualified community foundation or affiliate organization, you may be eligible to receive tax credits for your gift. Community members who give may also be able to take advantage of federal tax deductions along with the Endow Iowa tax credits.

United Way of Siouxland holds a qualifying endowment fund with the Siouxland Community Foundation.  To make a gift that qualifies for the Endow Iowa Tax Credit Program, you may make a direct contribution to the Siouxland Community Foundation and request that it be placed in United Way of Siouxland's Permanent Endowment Fund. 

Tax credit programs like these change regularly.  Before making a gift, please consult your tax advisor.  

More information on the Endow Iowa Tax Credit Program is available at: https://iowacommunityfoundations.org/endow-iowa-tax-credit/

Tools to Help You Create a Free Will

To help ease the process of making or updating your will, United Way has partnered with FreeWill.com.  This tool is free to use even if you do not choose to leave a gift to the United Way and it is a quick and intuitive way to write your will.  This tool can help relieve the worry about not having a will in place for yourself and your loved ones.

Sample bequest language:

I give, devise and bequeath to United Way of Siouxland, Inc. at 701 Steuben Street, Sioux City, IA 51101, Tax ID #42-0680395, the sum of $____________ /or ___ % of my estate/or the following specific asset ____________________________ for the benefit of United Way of Siouxland and its general purposes/or to be added to its endowment.

Become a Member Today

There are many options when deciding the impact you want to leave through estate planning.  Your tax advisor or financial professional can help identify options that are best for you.

To become a Legacy Society Member or for more information please call us at 712-255-3551 or contact Heather Hennings at hhennings@unitedwaysiouxland.com