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.

A total of over $9.8 million in pledges, and future gifts are already making a difference! 

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

John Tickle – Co-Chair

ENDOWMENT CONTRIBUTORS

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.