Aloha United Way's Planned Giving Department has set up several ways that people can contribute assets while, in many cases, retaining an income and enjoying significant tax benefits. For more information, contact Scott Wood at (808) 543-2204.

Outright Gifts of Cash

Aloha United Way encourages contributions to its endowment. It is possible to establish a fund in a family name or to remember a loved one.

Outright Gifts of Securities

Many donors contribute appreciated securities at their fair market value and avoid the income tax on the capital gains. When made to the endowment, such gifts provide an income stream for the benefit of our community for generations to come.

Wills and Trusts

A bequest under a will or trust arrangement is the most common form of gift after death. With a bequest to the endowment that is twenty times the amount that a donor contributes to the annual campaign, it is possible for a donor to continue his/her support in perpetuity.

IRA and Retirement Plan Proceeds

If you are planning to include a gift to Aloha United Way at your death, often it is wise to name Aloha United Way to receive IRA proceeds while leaving other assets to your heirs. These proceeds may be subject to both estate and income taxes. IRA and retirement plan proceeds payable to Aloha United Way are not subject to estate and income taxes.

Life Insurance Proceeds

Many people have been pleased to discover that life insurance can offer a convenient way to make a meaningful charitable gift. When you make Aloha United Way the owner and irrevocable beneficiary of a life insurance policy, you may enjoy tax benefits, including charitable income tax deductions for any premiums that you may pay in the future.

Charitable Gift Annuities

Under the terms of a gift annuity contract, a donor contributes cash or appreciated securities and, in return, receives fixed annuity payments for life. Such annuities are also frequently designed for couples with payments to continue as long as either one survives. In times of lower interest rates, gift annuity payments can be a way to generate more useable income than you now receive from your investments. Gift annuities also provide tax benefits.

Charitable Remainder Trusts

These trust arrangements can be designed to provide distributions for the life of one or more persons or for a fixed period of time, after which the remaining trust assets pass to Aloha United Way. Charitable remainder trusts avoid capital gains taxes on trust assets when these assets are sold and provide other tax benefits, which can be significant.

Personal Residence

Homeowners may contribute their primary residence, retain the right to enjoy the property for their lifetimes and receive a tax deduction in the year the gift is arranged.

Aloha United Way's Endowment Society

Individuals who have or are making provisions for Aloha United Way in their financial and estate plans shall be enrolled as members of the Aloha United Way Endowment Society and entitled to membership benefits and recognition.