Planned Giving
Why You Should Consider a Planned Gift
If you could cut your taxes and generate income while making a gift to your alma mater, would you be interested? From bequests to gifts that provide income, there are many ways to tailor a planned gift to best meet your circumstances.
Life Income Gifts
Revocable Planned Gifts
Charitable Lead Trusts
The IRA Charitable Rollover
Life Income Gifts provide you and/or another beneficiary with income for life. After the beneficiary dies, UNC Kenan-Flagler uses the gift in the manner you designate. The gifts are irrevocable.
Benefits to You: You receive an income stream for life, an income tax charitable deduction on a portion of the gift amount, and a capital gain tax savings if you fund your gift with appreciated assets.
Benefits to UNC Kenan-Flagler: Although UNC Kenan-Flagler will not realize the benefit of your gift until some time in the future, the gift is guaranteed.
Gifts with these advantages:
- Charitable Gift Annuity
- Pooled Income Fund
- Charitable Remainder Trust
Revocable Planned Gifts allow you to keep your assets until death. In most cases, these are the simplest to create – through a new will or a codicil to an existing will or through the beneficiary designation of a life insurance policy or your retirement plan account.
Benefits to You: You continue to manage and enjoy the benefits from your assets for life.
Benefits to UNC Kenan-Flagler: Although UNC Kenan-Flagler will not realize the benefit of your gift until some time in the future, we will be aware of your generosity and can plan for the future.
Gifts with these advantages:
- Bequest
- Life Insurance
- Retirement Plan Assets
Charitable Lead Trusts can provide UNC Kenan-Flagler with a current stream of income for the number of years you specify. At the end of that period, the trust assets are transferred to family members you select.Benefits to You: You are able to remove assets from your estate and pass them onto heirs in a tax advantaged way. Depending on the type of lead trust, you may receive an income tax charitable deduction on the amount coming to UNC Kenan-Flagler.
Benefits to UNC Kenan-Flagler: The School can put your gift to work right away to benefit the area in which you are interested.
The IRA Charitable Rollover. Using your IRA to support Carolina just got a lot easier – again!
On October 3, 2008, President Bush signed into law the Emergency Economic Stabilization Act of 2008. While the main feature of the Act is the rescue/bailout package, it also extends certain portions of the Pension Protection Act of 2006 that expired on December 31, 2007. This provision allows individuals who are 70˝ or older to make distributions from their IRA accounts directly to a charity without recognizing the distribution as income. The extended provision is identical to the original Charitable IRA Rollover provision passed in the summer of 2006. The extension covers distributions made in tax years 2008 and 2009.
This opportunity to access IRA assets for lifetime gifts can allow you to create (or add to) a significant legacy to benefit UNC Kenan-Flagler – perhaps the kind of gift that you have always wanted to make. You can find more information about the newly extended IRA Rollover provision as well as learn what you need to do to take advantage of this opportunity by visiting Carolina’s Office of Gift Planning website at: http://giving.unc.edu/plangive/irarollover.htm
To discuss your planned giving options, contact:
Eddie Sartin, executive director of development, at 919.962.3195 or
or
David Routh, the University’s director of planned giving, at 919.962.6856 or
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