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In Marion County, the United Way serves as a vital community resource that empowers residents to make a meaningful difference. As we embrace the spirit of giving, Robert Haight, the Vice President of Resource Development, invites local residents to consider becoming legacy donors. This initiative not only supports essential community programs but also ensures that contributions directly benefit the local area.
The concept of legacy giving is becoming increasingly popular, particularly as many individuals approach retirement. With millions of Americans turning 70 this year, the potential for charitable contributions is significant. A report from the Wall Street Journal highlighted that we are experiencing what they call “the greatest wealth transfer in modern history,” with an estimated $70 trillion expected to be passed on by 2042, including $9 trillion designated for charitable causes.
For residents of Marion County, this presents a unique opportunity. Local volunteers oversee the contributions made to the United Way, ensuring that every dollar remains within the community. By making a legacy gift, you are not merely donating; you are investing in a sustainable future for local families and children.
Haight also underscores the tax benefits associated with legacy giving. Individuals over 70 ½ can contribute up to $100,000 from their IRA directly to charity, avoiding income tax on the distribution. This Qualified Charitable Distribution (QCD) allows donors to contribute back to their community while reducing tax liabilities for their heirs.
The United Way of Marion County plays a crucial role in enhancing the lives of families through various programs. For example, the Strong Families initiative supports 90 families annually, assisting them in improving their income, increasing credit scores, and transitioning from homelessness to stable housing. These programs are designed not only to provide immediate assistance but also to break the cycle of generational poverty and invest in the future workforce of our community.
Additionally, the organization offers essential services, including nutrition programs for seniors, dental care for children, and access to mental health services. Each contribution strengthens these initiatives, highlighting the profound impact of local giving on the community.
As you consider your charitable giving options, remember that the legacy you create can shape the community for generations to come. Haight encourages residents to think about their gifts of assets, estate beneficiaries, or wills. By informing the United Way of your intentions, you can ensure that your generosity is recognized and celebrated.
To learn more about how you can contribute to the United Way of Marion County and help cultivate a thriving community, please visit their website or contact Robert Haight directly at rhaight@uwmc.org. Together, we can build a lasting legacy of support and compassion for our neighbors in Marion County.
References
- Becoming A Legacy Donor | United Way of Marion County. (n.d.). uwmc.org. https://www.uwmc.org/news/becoming-legacy-donor