Planned Giving
Planned giving increases the impact of your giving over time.
Planned giving offers donors exciting opportunities to increase the impact of their giving to Carolina Performing Arts, often while decreasing current or future tax obligations. By its very nature, philanthropy is a personal decision, motivated by many factors and often influenced by a variety of financial circumstances and personal concerns. The timing of a potential gift is especially important to consider.
Make a gift today
Cash, Securities, and Real Estate
If you have adequate resources to take care of yourself and the people you love, you might decide to make an outright gift of cash, appreciated securities, real estate or tangible personal property.
BENEFITS
- Your gift goes to work right away, meeting the current needs and funding priorities of Carolina Performing Arts.
- You get to see your gift make a difference.
- You get an immediate tax deduction.
- You avoid capital gains tax on appreciated assets, including stock and real estate.
Planning now, giving later
Bequests, Wills, Living Trusts, Life Insurance, and Retirement Accounts
If you want to support Carolina Performing Arts but need the assets during your lifetime, a bequest made through a will or trust, or a gift of life insurance or retirement account, may be the best vehicle. All of these methods are simple to execute, either by adding a codicil or amendment to your will or trust, or by naming Carolina Performing Arts as the beneficiary of your life insurance policy or retirement plan.
BENEFITS
- This method of giving is simple and accessible to almost anyone, whatever your financial circumstances.
- Your future gift to Carolina Performing Arts does not impact the resources available to you now.
- You may be able to make a larger gift than you could make during your lifetime.
- Your gift may lower the tax burden on your estate.
bequest language
To provide a bequest, simply include a paragraph in your will naming Carolina Performing Arts as a beneficiary. For example:
I give, devise and bequeath (the sum of $_____) or (__% of my estate or the residue of my estate) to the University of North Carolina at Chapel Hill Foundation, Inc., located in Chapel Hill, North Carolina, for Carolina Performing Arts.
If you prefer to designate your bequest for a specific purpose, we are happy to prepare specific language for you to share with your attorney. The UNC Office of Gift Planning and CPA will work closely together to ensure your charitable goals are fully reflected. We would be honored to work with you.
Giving the asset now, receiving the income for life
Charitable Remainder Trust (CRT) and Charitable Gift Annuity
You may want to continue receiving income from an asset, especially during retirement, and provide for a substantial future gift to support Carolina Performing Arts. With life income gifts, you can also minimize capital gains and income taxes. To set up a life-income gift, you transfer securities, real estate, cash, or other assets to a trust or gift annuity that will ultimately benefit Carolina Performing Arts, but you retain the right to receive income for life or for a set number of years.
Benefits
- Life income gifts give you a source of steady income.
- You can receive immediate income-tax benefits and eliminate or lower estate and gift taxes.
- You can make a charitable gift while maintaining, or enhancing, your current standard of living.
Supporting Carolina Performing Arts now, heirs receive principal later
Charitable Lead Trust
If you are in a high gift- and estate-tax bracket, you may wish to consider a charitable lead trust. This allows you to set up a trust for a set number of years, after which the assets pass to your heirs. Meanwhile, Carolina Performing Arts receives the income annually for the term of the trust, putting it to work for enhancing the performing arts at Carolina.
benefits
- Your gift goes right to work, during your lifetime.
- The trust minimizes or eliminates gift and estate taxes.
- Any growth in principal during the trust term passes to your heirs without gift or estate tax.
We are pleased to discuss gift planning options with you. In addition, the UNC Office of Gift Planning offers a variety of specialized services and expertise to help you as you consider your personal needs and charitable goals.
Contact Elizabeth Ayers, JD, Executive Director of Gift Planning at 919.843.5289 or elizabeth_ayers@unc.edu.
*This list of planned giving options was adapted from a planned giving booklet published by the Pride Foundation.
