ENDOWMENT FUND
“We make a living by what we get, but we make a life by what we give.”
–Winston Churchill
The United Way of Bristol Endowment Fund
Creating a More Secure Future for our Community
The United Way of Bristol Endowment will allow 100% of the dollars received in the United Way’s annual campaigns to be deployed in the community. By funding all operating costs of the United Way of Bristol, the Endowment enables campaign funds to be completely dedicated to our partner agency programs and United Way of Bristol-sponsored initiatives – helping those who need us most.
Over 3/4 of the $9.0 million Endowment goal has already been received and is invested and making a difference! Additional pledges have been received that bring the fund to 75% of the goal!
Please join us in fulfilling this legacy of everlasting impact. Your generosity will help our neighbors, friends, and families for generations to come.
Through a one-time gift now or a pledge to be fulfilled over time or in the future, your partnership in the United Way of Bristol Endowment provides for long-term positive results, allowing the United Way of Bristol to be even more responsive in meeting the ever-changing needs of our community.
Interested in learning more or making a gift? Please contact Lisa Cofer at the United Way office at 423-968-4912 or any member of the Endowment Committee listed below to discuss how you can support the United Way of Bristol through a gift to the Endowment
Opportunities to Support the United Way of Bristol Endowment Fund:
- Outright Cash Gifts- Cash gifts can be deducted up to 60% of your AGI (Adjusted Gross Income) under new tax code.
- Qualified Charitable Distribution 401(k) Required Mandatory Distribution (RMD): if you are 70½ or older, you can transfer up to $100,000 of your required minimum distribution (RMD) from your IRA or roll-over from an existing IRA account directly to United Way of Bristol Endowment Fund tax-free each year. Although the donor would not receive an income tax deduction for the contribution, the amount of the RMD donated to the United Way is removed from the donor’s adjusted gross income for the tax year in which the donation was made.
- Retirement Plan Assets:Significant tax benefits can be gained by naming the United Way of Bristol Endowment Fund as a beneficiary of retirement plan assets. This option allows a donor to defer a gift to the end of his or her lifetime and reduce the size of their estate. Plus, the dollars are tax free to the United Way of Bristol.
- Life Insurance:The United Way of Bristol Endowment Fund can be named a beneficiary of a new or existing life insurance policy. If the United Way of Bristol TN/VA Endowment Fund is also named as the owner of the policy, all of the donor’s premium payments may qualify for a charitable deduction.
- Appreciated Securities: Appreciated assets that have increased in value and been held for more than one year are one of the most popular assets to use when making a gift to the United Way of Bristol Endowment
- Donating investments that have increased in value – highly appreciated securities – instead of cash can be beneficial to the donor.
When you donate appreciated securities to the Endowment Fund in support of our mission, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the securities at the time of the transfer.
Bequests: You can make a bequest intention through your Last Will and Testament. Donors can give the United Way of Bristol either a specific amount of money or item of property (“specific” bequest), or a percentage of the balance remaining in their estate after taxes, expenses, and other specific bequests have been paid (“residual” bequest).Talk with your attorney or professional advisor about how best to include the United Way of Bristol in your estate plans.
The United Way of Bristol Endowment Fund Committee
| Don Shawl – Co-Chair | Pete Holler | Lola McVey |
| John Tickle – Co-Chair | Steve Johnson | Bill Prince |
| Nell King Bieger | Mark Lucas | John Vann |
| Mike Browder | Myers Massengill | |
| Lois Clarke | Ronan King |
ENDOWMENT CONTRIBUTORS
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David Akard, III Mr. and Mrs. Martin K. and Darius Clifton Alloy Rick and Christin Axhelm TC Baker Bob and Wendy Bender Dan and Nell Bieger Rev. and Mrs. Dan Birchfield Cheri Blevins Suzee and Chuck Bolick Brian and Lorie Bradley Michael and Linda Browder BurWil Construction Co., Inc. Nell and Charles Campbell Citizens Bank Mark and Lisa Cofer Drs. Paul and Diana Conco Ben and Anne Cowan R. David Crockett, Jr. Lois and Ron Crockett The Estate of Nathan Lewis Carolyn and Les Ferrell Robin and Margaret Feierabend Dawn and Jorge Figueiras John and Brenda Fincher Tyler and Jeanie Franklin The Bill Gatton Foundation* Samantha and Dan Gray Joe and Cindy Gregory Dr. and Mrs. Nelson Gwaltney The Estate of Hugh and Georgia Doug and Tracey Harmon Jill M. Harrison Steve and Tracey Hawkins Debbie Helton The Estate of Edward E. Hicks Mr. and Mrs. Peter Holler Steve Johnson* |
Jerome and Stacy Julian Ronan D. King Rita Kiscaden Chris Lee Gary and Tracy Lilly Keith and Bonnie Liskey Kathy Lowdermilk Mark and Joy Lucas Amber and Carter Massengill Myers and Jan Massengill Mr. and Mrs. Myers N. Massengill, II Rick and Lola McVey Scott Mullins and Suzan Moore Glenn and Vicki Myers Robert and Nicole Peel Beth D. Rhinehart Bradley and Niki Robertson Thomas and Beth Rogers Ben and Dotty Rutherford Joneen and Dale Sargent Harry Scanlan Mr. and Mrs. Clinton E. Sells Settlers Life Insurance Don and Ginia Shawl* Rachel and Lee Shillito Jack and Martha Smith Dalie and Jane Thomas John and Ann Tickle* John and Karen Vann Danea and Mitch Walters/The Don and Priscilla Ward Douglas and Eileen Weberling Jack and Janice Weisenburger Alexander and Maria Whitaker Dave Whitesides 18 Anonymous Members *Million Dollar Contributor |
Endowment Fund gifts are managed separately from UWB annual campaign contributions, utilizing the services and expertise of Manning and Napier as the investment advisor. The UWB Endowment spending policy is designed to provide a reasonable and reliable revenue stream to support the operations of UWB, while preserving the purchasing power of the UWB Endowment. Annual distributions of 4% of The Endowment’s average asset value (of the 20 previous calendar quarters) have already provided nearly $130,000 in total toward the operating budgets of the first two years’ distributions (2018 and 2019).
The UWB Endowment Fund is operated pursuant to the Uniform Prudent Management of Institutional Funds Act and managed by the UWB Endowment Committee, in accordance with a Resolution adopted by the Board of Directions on August 22, 2016. This Resolution is available for your review upon request.
