Birth Planning: Knowing Your Options
Planning for baby? Let’s make a plan for YOU, too. Join us for a virtual Birth Planning Course designed to help you think through your birth wishes, learn about care […]
Join The Up Center for our many informative events!
Planning for baby? Let’s make a plan for YOU, too. Join us for a virtual Birth Planning Course designed to help you think through your birth wishes, learn about care […]
We invite you to a Virtual Information Session. You will have the opportunity to meet someone from our team, learn about Foster Care and the important role foster parents play […]
Free event During this class, we will discuss how to understand your credit report and credit score, credit improvement strategies, establishing credit and the benefits of using credit responsibly. For […]
Relax, release, and prepare your body and mind for the journey ahead. Join us for Comfort Measures: The Power of Release at Richard Tucker Library from 6–7 PM. This class […]
We invite you to a Virtual Information Session. You will have the opportunity to meet someone from our team, learn about Foster Care and the important role foster parents play […]
We invite you to a Virtual Information Session. You will have the opportunity to meet someone from our team, learn about Foster Care and the important role foster parents play […]
Parenting doesn’t come with a handbook and for many dads, it also doesn’t come with enough space to talk honestly about stress, emotions, and expectations. Dad 2 Dads is a […]
Join us for a FREE REVIVE! training designed to equip community members with life-saving skills in the event of an opioid overdose. REVIVE! is Virginia’s statewide Opioid Overdose and Naloxone […]
Free event During this class, we will discuss basic financial planning, the importance of a budget, how to develop and budget, savings, and more. Event link: https://us06web.zoom.us/webinar/register/WN_3tSBLJpkScCYVtWi5TvzEg#/registration
We invite you to a Virtual Information Session. You will have the opportunity to meet someone from our team, learn about Foster Care and the important role foster parents play […]
April is National Child Abuse Prevention Month, a time to come together as a community and show our commitment to the safety and well-being of children and families. Join The […]
We invite you to a Virtual Information Session. You will have the opportunity to meet someone from our team, learn about Foster Care and the important role foster parents play […]
An unrestricted gift allows The Up Center to use the funds where they are needed most.
“I give to Child & Family Services of Eastern Virginia, Inc., doing business as The Up Center, a Virginia nonprofit corporation currently located at 580 E. Main Street, Suite 400, Norfolk, VA 23510, or its successor, __________ [written amount, percentage of the estate, or description of property], to be used for its general charitable purposes.”
You may also direct your gift toward a particular program, service area, or purpose.
“I give to Child & Family Services of Eastern Virginia, Inc., doing business as The Up Center, a Virginia nonprofit corporation currently located at 580 E. Main Street, Suite 400, Norfolk, VA 23510, or its successor, __________ [written amount, percentage of the estate, or description of property].
I request that this gift be used for __________ [state the intended purpose] for as long as The Up Center determines that the need exists.
If The Up Center determines that the stated need no longer exists, or that using the gift as originally intended is no longer possible or practical, The Up Center may direct the gift toward a charitable purpose that most closely reflects my original intent.”
The Up Center’s EIN: 54-0674774
We recommend consulting an attorney or financial advisor when including a charitable gift in your estate plans.
A charitable remainder trust — in the form of either a charitable remainder unitrust or a charitable remainder annuity trust — is a charitable giving plan that creates a lifetime income stream for you and your designated beneficiaries, while making a generous gift to The Up Center from the remainder of the donated assets. The payments you received may continue for the lifetimes of the beneficiaries you name, a fixed term of not more than 20 years, or a combination of the two.
With a charitable remainder unitrust (CRUT), your beneficiaries receive a fixed percentage of the unitrust’s current value, as revalued annually, and additional contributions can be made into the fund can be made; whereas with a charitable remainder annuity trust (CRAT), your beneficiaries receive a fixed dollar amount each year, and additional contributions on top of your initial gift are not allowed. For both, no tax is payable by the trust at the time investment gains are realized, either when funding the trust or after, making it possible to enjoy increased income over time based on tax-free growth within the trust.
Another popular option for making a future gift is to name The Up Center as a beneficiary of your life insurance policy, bank account, brokerage account or retirement account. Whether you would like to designate The Up Center to receive a partial or full amount of these assets, updating your beneficiaries is as simple as contacting your plan administrator or account manager.
Assets such as retirement accounts are subject to income tax, and potentially estate tax, when left to individuals. However, because we are a recognized nonprofit organization, The Up Center is exempt from any tax burden when designated as the beneficiary, meaning your generosity can go even further.
A bequest, or a gift made through your will or trust, is an easy and flexible way to make a planned gift. Bequests are a particularly meaningful way to help The Up Center plan for the future while protecting your assets during your lifetime.
An unrestricted bequest allows The Up Center to direct your legacy to the area with most need and sustain everyday operations. Unrestricted bequests are invested in our general endowment fund, where the annual earnings perpetually support our educational mission.
Restricted bequests can be designated to benefit one or more permanent endowment funds that have already been established by The Up Center to support specific programs and services. If no permanent endowment fund meets the desired purpose of your bequest, you may choose to create a new restricted or named endowment fund. Our staff in Gift Planning would be happy to discuss your options with you to ensure that your intentions are fulfilled as stated.
A member of our team will reach out to you shortly.