2020 CHAIR
Michael Hart, Regions Bank
CABINET MEMBERS
Joe Bergan, Edward Jones
Cory Boss, Deloitte
Patrick Clarkin, Edward Jones
Neil Hershey, Edward Jones
Adam Lenau, Daugherty Business Solutions
David Oeltjen, KPMG LLP
Jeff Orf, Cushman & Wakefield
Andre Stevens, Slalom
Kurt Wunderlich, Buckingham Strategic Wealth
The advantages of giving to United Way through a Donor Advised Fund
A gift of appreciated securities to United Way is a tax-smart way to give. Donating appreciated stock may help you avoid capital gains tax and can be the perfect complement to your annual gift. After the stock is transferred to United Way, we will issue a tax letter to you for the fair market value of your gift.
The Neighborhood Assistance Program (NAP) allows Missouri taxpayers to direct their state tax dollars to United Way of Greater St. Louis. Eligible donors receive a tax credit equaling 50% of their gift.
You can secure MO state tax credits in a few simple steps:
Your certification letter arrives in the mail within 3-4 weeks with instructions on how to redeem your tax credits!
WHO QUALIFIES?
Any remaining tax credit balance can be used during the next five years.
Starting at age 73 the IRS mandates IRA owners to take annual income withdrawals, known as Required Minimum Distributions (RMDs). Failure to take these withdrawals could subject IRA owners to stiff penalties.
Rather than being forced to take a distribution that can raise your taxable income, many donors use their RMDs to make a Qualified Charitable Deduction (QCD). A QCD excludes the amount donated from taxable income and may reduce the impact to certain tax credits and deductions, including Social Security and Medicare. Also, QCDs don’t require that you itemize on your taxes. There are certain requirements that must be met to use your RMD as a QCD, including:
Your greatest gift is your legacy. There are many ways to make a charitable bequest. In fact, a bequest is one of the easiest gifts to make. When you create or update your will, trust, retirement plan or life insurance, you can name United Way as your beneficiary or contingent beneficiary.
Legal Name: United Way of Greater St. Louis
Address: 910 N. 11th St. St. Louis, MO 63101
Federal Tax ID Number: 43-0714167
A charitable gift annuity (CGA) is a contract under which United Way of Greater St. Louis, in return for an irrevocable transfer of cash or other property, agrees to pay the annuitant(s) a lifetime income. The maximum number of annuitants is two, and payments can be made to them jointly or successively.
Benefits for Donors:
A charitable lead trust (CLT) is a gift of cash or other property to an irrevocable trust where United Way of Greater St. Louis receives an income stream from the trust for a term of years. After the income stream period ends, the remainder assets are distributed to the non-charitable beneficiaries.
A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to your favorite charity or charities.