Legacy Giving

Give the gift that keeps on giving!

Honor loved ones … leave a legacy and more!

“Every man shall give as he is able, according to the blessing of the Lord thy God which he hath given thee.”  Deuteronomy 16:17

A final gift of love—a lasting legacy of hope. Give the gift that keeps on giving! Leaving a legacy of charitable giving for future generations is a rewarding and noble act. You can leave a charitable gift and at the same time provide for the future of your loved ones. Learn how …

If you have already included a legacy gift to The Union Mission in your estate plan, please let us know. Contact our Development Department at 757-627-8686 ext 504. We would like to include you in the Bashford Legacy Circle and thank you and your family for your generosity.


Bashford Legacy Circle

Rev BashfordA legacy is something that remains after we leave this world — something that speaks of our lives. Rev. Ted Bashford, former Executive Director of The Union Mission left a legacy of a great love for his Savior, a commitment to help the poor and needy, and a desire to be a good steward.

In honor of his faithful service, the Bashford Legacy Circle was established to allow faithful donors a way to continue their legacy of giving to The Union Mission, touching the lives of men, women, and children into the future.

Legacy donors to The Union Mission make up the membership of the Bashford Legacy Circle. The Union Mission is pleased to present you with several options for joining this faithful group of donors by making a legacy gift to support God’s work at The Union Mission. Contact our Development Department at 757-627-8686 ext 504 to learn more.

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Wills

A simple way to support the ministry of serving the poor and homeless in Hampton Roads is to leave a bequest to The Union Mission in your will or living trust.

A bequest can take the form of:

  • The remainder of your estate after providing for your family
  • A percentage of your estate
  • A specific dollar amount
  • The addition of a child named “Charity” to your estate plans, directing those funds to the Mission

For a copy of our “Guide to Creating a God-Honoring Will” or more information about legacy giving to The Union Mission, contact our Development Department at 757-627-8686 ext 504.

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Charitable Gift Annuity

This agreement allows you to use an asset, such as cash or marketable securities, and receive fixed payments for life at attractive rates.

Payments can be made for one or two lives at rates based on age. You receive an immediate income tax deduction and part of the income you receive is tax free. Upon the death of the annuitants, the remainder of the gift benefits The Union Mission.

We have partnered with the National Christian Foundation (NCF), one of the largest and most respected donor-directed funds in the country, to provide this charitable gift annuity option to our donors.

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Beneficiary Designation Gifts

After enjoying your assets during your lifetime, you can directly transfer them to help our homeless and poor guests by naming The Union Mission as the beneficiary on your accounts.

The Union Mission can be named a beneficiary of your:

  • Bank account
  • IRA, 401K, or 403B
  • Life insurance policy
  • Publicly traded stocks and bonds
  • Mutual fund shares
  • Savings bonds
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IRA Charitable Rollover Gift

If you are 70½ years or older, you can make a life-changing gift from your IRA account to The Union Mission and potentially save on your taxes.

Gifts up to $100,000 per year that are made from your IRA to a qualified charity like The Union Mission may not be considered taxable income and may qualify for your required minimum distribution (RMD) which could lower your income and taxes. Limitations may apply so consult your tax advisor about making an IRA charitable rollover gift.

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Gifts of Appreciated Stocks

This outright gift immediately impacts the work of The Union Mission and receives favorable tax treatment. You can deduct the full market value of the securities and avoid any capital gains tax on the appreciation.

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