Leaving a Legacy through Planned GivingBe our super star! Through the help of wills, trusts, life income funds, real estate, retirement plans, and life insurance gifts, you will ensure that the Black United Fund will be able to keep serving underserved minority and low-income communities well into the future. Planned Giving allows you to make a lasting gift that will impact their community for years to come.
By establishing an endowment fund at the Black United Fund of Oregon, you will be able to better support minority and low-income communities and participate in our professionally managed investment program.
Please give serious consideration to creating your legacy through a Planned Gift. If you have already made this commitment in your estate plan, let us know so we can acknowledge your generosity. For more information contact Kimberlee Sheng at or 503-282-7973.
How to include Black United Fund of Oregon, Inc. in your Will or Living Trust
A bequest tailors your gift to fit your circumstances and accomplish your philanthropic goals. You may fund a bequest with cash, securities, real estate, tangible personal property, or any other type of property. Consider using the sample wording below, which includes Black United Fund of Oregon, Inc.’s legal name.
Unrestricted gift by bequest
I give and bequeath to Black United Fund of Oregon, Inc., an Oregon Corporation located at Portland, Oregon, [written dollar amount, or percentage of the estate or of the residuary estate, or description of property], for its general purposes.
Bequest for a specific purpose
I give and bequeath to Black United Fund of Oregon, Inc., an Oregon Corporation located at Portland, Oregon, [written dollar amount, or percentage of the estate or of the residuary estate, or description of property] for [specific purpose] at the Black United Fund of Oregon. In the event that such use shall become impractical, then for such purpose as the Board of Directors of Black United Fund of Oregon, Inc. at their discretion shall determine.
When making a bequest, keep in mind the following:
Always consult your attorney or other professional about your estate plan.
Meet with the Black United Fund of Oregon, Inc. Executive Director to align your goals with our giving opportunities.
Naming BUFO as a Beneficiary
If you have a life insurance policy that is no longer needed to provide for dependants, consider making BUFO the beneficiary. This may enable you to make a significant gift to BUFO without using any of your estate's capital. A further option is to make BUFO both the beneficiary and owner of a paid-up policy. Doing so will earn you an immediate tax deduction equal to the policy's cash value. Contact the policy's issuing agent for instructions.
Some assets, such as IRAs, Keogh Plans, and other qualified retirement plans, do not pass directly through your will and require you to name a beneficiary. Consider making BUFO a full or partial beneficiary. Such plans can be excellent choices for charitable gifting because they are taxed more heavily than other assets—sometimes greater than 60 percent. However, by making BUFO the beneficiary, the full value of the account will pass to BUFO to be used for low-income and minority communities.
In all of your decision making, please notify Black United Fund of Oregon, Inc. of your decision. We want to thank you and stay in touch.