The UI Legacy Fund is a unique and customizable succession option for UI Charitable Donor-Advised Funds (DAFs), allowing donors to create a significant and enduring impact that extends far beyond their lifetimes. Whether designed to exist in perpetuity or for a specified period, this fund ensures that a donor’s charitable giving continues to benefit future generations.

Designing a Philanthropic Plan

A key feature of the UI Legacy Fund is the collaborative process of designing a philanthropic plan. During their lifetime, donors work closely with their estate planning team to craft a comprehensive plan that reflects their personal values and long-term philanthropic goals. This detailed plan includes:

• Investment Strategies: Outlining how the assets will be managed to ensure growth and sustainability.

• Disbursement Plan: Specifying the amount to be distributed annually.

• Charitable Organizations and Causes: Identifying the specific organizations or causes the donor wishes to support.

• Contingency Measures: Establishing backup plans in case a chosen charity discontinues operations or deviates from its mission.

This thorough planning process ensures that the donor’s philanthropic intentions are clearly defined and can be faithfully executed.

Funding the Account

For immediate tax benefits, donors can make donations to their existing Donor-Advised Fund by contributing cash, securities, real estate, privately held business interests, or other assets.

Donors also have the option to integrate the DAF into their estate planning strategy, incorporating it as a beneficiary for a diverse range of assets such as retirement accounts, insurance policies, real estate, and numerous other asset categories.

Executing the Philanthropic Plan

Grants from a UI Legacy Fund are disbursed according to the plan established by the donor. Typically, this involves distributing a specified percentage of the fund to the organizations and causes identified in the plan. Donors also have the flexibility to appoint individuals as donor-advisors. These donor-advisors play a vital role in ensuring that annual grants are administered in alignment with the donor’s vision and mission.

By establishing a UI Legacy Fund, donors can rest assured that their charitable intentions will continue to make a positive impact long after they are gone. This fund not only honors the donor’s legacy, but also provides a structured, sustainable approach to philanthropy that benefits future generations.