Recently we spent some time going through our archives and appreciating the 105 year history of the United Way of the Greater Dayton Area. There is so much of our region’s history amongst the previous donors and leaders of our organization. While there are many famous Daytonians who have served the community through United Way, there were two who particularly stood out because their gifts are still making a difference for current residents in the communities we serve.
Arthur Beerman was an active philanthropist and United Way donor. After arriving in the US from Lithuania when he was 10, he grew up to build the retail store chain, Elder-Beerman. Arthur created the community that surrounded him with his success and always looked for ways to give back to it. He became a member of United Way’s Legacy Society shortly before his passing. His widow Jesse Beerman as well as his daughter and son-in-law became three of the 10 founding members of our Tocqueville Society in 1985.
John William Berry Sr., a philanthropist who made a fortune taking the Yellow Pages global was also one of 10 founding members of our United Way’s Tocqueville Society and an ardent supporter of our organization—also serving on the Board of Directors for nine years. Created in 1991, the Berry Family Endowment Fund provides annual contributions to United Way of the Greater Dayton Area on behalf of the Berry family, which includes Marilynn Berry, John W. Berry, Jr., Shirley Berry, and Charles D. Berry.
More than 30 years later the Berry and Beerman family’s gifts are still providing area residents with a better quality of life and will continue to far into the future. You can join them in leaving a mark on our community that lasts forever.
There are many ways beyond the workplace campaign, weekly, or monthly gifts to support your fellow neighbors in need through United Way:
Retirement Funds-You can name United Way of the Greater Dayton Area as the designated beneficiary of a retirement plan (401(k), IRA, 403(b)). These are advantageous types of assets to leave to charity because they can be taxed heavily when left to heirs. Designating your retirement plan to United Way ensures that 100% of your gift will support your charitable interests.
Life Insurance- Name United Way of the Greater Dayton Area as a beneficiary of your policy. You will be entitled to an offsetting charitable deduction. You can also name us as the owner and beneficiary of an existing or new life insurance policy. You will receive an immediate tax deduction that usually approximates the cash surrender value of the policy. All premium payments made thereafter are deductible as a charitable contribution.
Bequests– Include a charitable bequest in your will or living trust to United Way of the Greater Dayton Area is a simple way to make a lasting gift to your community. A charitable bequest can be a specific dollar amount, a percentage of your estate, or what remains after other bequests are made.
Gifts that Provide Income
Charitable Gift Annuity- You can establish a charitable gift annuity for as little as $10,000 in cash or securities. You can get an immediate income tax deduction, a guaranteed payment you or your loved one can count on for life, while leaving a legacy that will support the causes important to you forever. A portion of the payments you receive may be treated either as tax-free return of principal or long-term capital gains.
Charitable Remainder Trust- You can establish a charitable remainder trust, which provides you or other named beneficiaries with income for life or for a specified number of years. Establishing a trust is easy. Cash or property is transferred to the trust. The income amount that beneficiaries receive annually equals a fixed percentage of the trust’s fair market value or a fixed dollar amount.
I encourage you to think of ways you can support your community outside the workplace campaign, weekly or monthly gifts. Talk to your financial advisor or call us at 937-225-3060 to discuss how you can impact future generations today.