Mallie Ireland has United Way in her blood. This year, she joined the Tocqueville Legacy Circle. "I know United Way will always be here and giving to the Endowment is an investment in the community."
» Read her story.
United Way of Central Alabama
FAQ about United Way’s Endowment
Why does United Way need an Endowment?
Through the years, generous donors have made planned gifts to United Way. The endowment was created in 1981 to invest those gifts and build a financial foundation for the future.
How are Endowment funds used?
The endowment earnings support the annual campaign fund, UWCA initiatives such as Success by 6, and provide matching dollars for current and future gifts. Endowment funds may also be used by the Board of Directors to respond to emergency and immediate needs in our community.
How much does the Endowment currently contribute to UWCA and our partners?
That amount is based on an average of the market value of the endowment’s total assets. For the past few years, the endowment has contributed over $560,000 a year to United Way’s work in the community.
How are the Endowment funds held and managed?
Funds are part of UWCA’s overall investment portfolio and managed by a volunteer Investment Committee of financial professionals.
What kind of gifts may be made to the Endowment?
Many donors have made direct cash gifts to the Endowment, but deferred gifts are most often the choice. Bequests and gifts of insurance are the most common financial vehicles and the endowment is also the beneficiary of trusts and appreciated assets. There are any number of ways to give over several years to gain the most impact. Our staff will work with your estate planner or financial professional to structure a gift benefitting both United Way and you.
What is the Covenant Legacy Society?
The Covenant Legacy Society or CLS recognizes those individuals who have made a current or deferred gift to the endowment of $1,000 or more.
What is the Tocqueville Legacy Circle?
Tocqueville Legacy Circle members have permanently endowed a Tocqueville gift with a current or planned gift of $250,000 or more. We also recognize members of the Million Dollar Legacy Circle who have made a current or planned gift of $1 million or more.