Planned Giving

Foundation For The Carolinas can help you and your financial advisors develop a planned gift that meets your philanthropic and financial goals. A planned gift is one that is originated during your lifetime but not available to Foundation For The Carolinas until after your death or some other later event. 


Types of Planned Gifts

Bequest
A gift from your will (or from a trust) allows you to make a future gift to your fund at Foundation For The Carolinas. This is the simplest way to provide for your community and may reduce your estate tax liability. While you should work with your attorney to develop specific language that is appropriate for your situation, sample bequest language may be found here

Charitable Remainder Trust
A Charitable Remainder Trust (CRT) allows you to make a future gift to your fund at Foundation For The Carolinas while retaining income payments for yourself (and/or others) for life or for a fixed number of years. A CRT provides an immediate income tax charitable deduction in the year the gift is made and may reduce your estate tax liability. Moreover, a transfer of appreciated assets to a CRT does not trigger a taxable capital gain. 

Charitable Lead Trust
A Charitable Lead Trust (CLT) allows you to make a current gift of income payments to your fund at Foundation For The Carolinas while retaining the right for the principal to be returned to you (and/or others) upon your death or after a fixed number of years. A CLT provides an immediate income tax charitable deduction in the year the gift is made and may reduce your estate tax liability. Moreover, a transfer of appreciated assets to a CLT does not trigger a taxable capital gain. 

Retirement Plan Assets
Retirement plan assets may be ideal assets for use in meeting philanthropic goals because they can be subject to various layers of taxation upon death, including estate and income tax. Making a future gift of retirement plan assets to your fund at Foundation For The Carolinas may reduce your estate tax liability, while allowing you to leave to other beneficiaries (i.e., your descendants) assets that receive more favorable tax treatment. For more information on making a gift of retirement plan assets, see Retirement Plan Assets at Assets Accepted and Tax Considerations.

Life Insurance Policies
You may use one or more life insurance policies to make a future gift to your fund at Foundation For The Carolinas. To use a life insurance policy to make a gift to your fund at the Foundation, you could name the Foundation as the beneficiary of a new or existing policy or transfer ownership of a new or existing policy to the Foundation. For more information on making a gift of life insurance proceeds, see Life Insurance Policies at Assets Accepted and Tax Considerations.

Non-Cash Assets
Foundation For The Carolinas has the capacity to evaluate and accept non-cash assets, including publicly traded securities, mutual funds, real property, and business interests. For more information on making a gift of non-cash assets, see Assets Accepted and Tax Considerations.

 



For more information on planned giving, contact:


Douglas W. Benson, J.D.
Associate Counsel & Vice President – Planned Giving
704.973.4594
dbenson@fftc.org

Holly Welch Stubbing, J.D.
Executive Vice President
704.973.4557
hstubbing@fftc.org