Estate and planned giving can offer you and your family significant tax benefits, financial flexibility including lifetime income, all while supporting UNC Kenan-Flagler and its future.
Why you should consider a planned gift
If you could reduce 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
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
A revocable planned gift allows 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: To provide a bequest, simply include a paragraph in your will naming The Kenan-Flagler Business School Foundation, Inc. as beneficiary. For example:
“I give, devise and bequeath (the sum of $_____) or (_____% of my estate or the residue of my estate) to The Kenan-Flagler Business School Foundation, Inc., a 501(c)(3) created to maintain funds for the Kenan-Flagler Business School with principal offices located at 300 Kenan Center Drive, Chapel Hill, North Carolina.”
- Life insurance
- Retirement plan assets
Charitable lead trusts
Charitable lead trusts provides 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 the 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.
