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Giving Through Gift Annuities
UNC-TV is delighted to introduce you to a wonderful way to increase your annual spendable cash, cut your taxes, and make a major gift to your statewide public television network at the same time. With a charitable gift annuity you can do all three!
HOW A GIFT ANNUITY WORKS
A gift annuity is a contract between the donor and the UNC-TV Foundation. In exchange for your gift, we will agree to pay a specified dollar amount to you and/or another beneficiary each year for as long as you (or other beneficiaries) may live. The rate is based on your age at the time of the gift at rates established by the American Council on Gift Annuities. But once your rate is set, it is fixed for the life of the annuity. Your annuity is invested in a reserve fund and is guaranteed and backed by the assets of the UNC-TV Foundation.
PAYMENTS CAN BEGIN NOW OR LATER
If you want the deduction now but want to defer the income until your retirement or a date in the future, we will establish a deferred gift annuity. By deferring the payments, you’ll get a tax deduction during your higher income years and defer payments of higher income until you are in a lower income tax bracket.
Of course, if you wish your annuity payments can begin immediately.
Remember, with a charitable gift annuity UNC-TV will pay you as long as you live. The money never runs out!
HOW MUCH IS REQUIRED TO FUND A GIFT ANNUITY?
Unlike a trust, which sometimes requires hundreds of thousands of dollars to meet
certain minimums, charitable gift annuities can be funded with as little as $10,000. The gift annuity also provides a dependable fixed income with a more favorable tax treatment and is much simpler to establish. Many donors establish several gift annuities over their lifetime as CDs or other funds become available.
HAVE A MATURING CD?
Why not convert a maturing CD to a gift annuity? It’s simple and the benefits will amaze you. If you need to restore lost income and you are charitably minded, then converting that CD may be right for you. Just have the bank make a check payable to the UNC-TV Foundation — we’ll set up an annuity that will pay a higher rate that will never fluctuate, and you’ll have the satisfaction of knowing you have helped secure the future of UNC-TV and all of the great programs and services that it provides the people of North Carolina. What’s more, you’ll get a tax-saving charitable deduction when you itemize your taxes.
WHY NOT USE APPRECIATED ASSETS?
You may have stocks, mutual funds, or other appreciated assets that are paying you little or no income. By contributing appreciated assets to a gift annuity, you’ll increase your income and avoid the capital gains tax on a portion of the gift.
Everyone’s situation is different. Call us and we will prepare a personalized illustration of how a gift annuity can work for and benefit you.
To make a planned gift or for more information about estate planning and how to utilize any of the information here, please contact:
Manager, Major and Planned Gifts
10 T.W. Alexander Drive
Research Triangle Park, NC 27709
Or click here to use our online e-mail form to request more information.
This information is provided solely for informational purposes. We recommend that you consult with a licensed, qualified advisor or attorney before making any estate planning decisions.