Top 5 Reasons to Share Your Plans
Why, you may wonder, does University of North Carolina School of the Arts want to know if you have the University in your estate plans? Don't they know plans may change frequently and for reasons unrelated to the University of North Carolina School of the Arts?
These fair and frequent questions deserve answers. Here are five answers.
LIVING GRATITUDE
- You'll receive lifetime membership in the University of North Carolina School of the Arts Encore Circle, our only giving club offering membership for life to our planned giving donors regardless of amount committed or age at the time of commitment. You are also a member if your commitment is contingent or based on another's life. Learn more about our Encore Circle and the things we do together.
- We'll know about your estate commitment and will be able to appropriately acknowledge and celebrate your commitment with you, perhaps inspiring others to include the University in their plans for the future as well.
- We will better understand your interests and inform you of events and programs that may be of interest to you based on the areas you indicate for future support.
START COUNTING
- We'll include your estate commitment in your lifetime giving record along with the areas of the University you would like to support.
IF YOU'RE IN, YOU'RE IN
- We can create a fund agreement with you (the fun part!) and provide an opportunity most universities do not - grandfather you into the fund minimums in effect at the time you document your estate commitment with us in writing.
- You may establish departmental endowments, allowing department chairs the flexibility to use the money where they deem most important, with a commitment of $25,000 or more.
- You may establish endowed scholarships and faculty support funds with a commitment of $25,000 or more.
- While we welcome any and all donations you wish to make to your fund, you are not required to augment any portion of the fund during your lifetime. We simply link your fund agreement to your donor record; your estate funds it after your passing.
- Grandfathering you into current fund minimums provides you with the confidence your legacy at University of North Carolina School of the Arts will continue for generations to come, regardless of what fund minimums are at the time of your passing.
GET AHEAD OF THE GAME
- Federal and state laws can change over time. In some cases, they can even forbid your fund's original purpose. We can alert you to legislative changes affecting designations and purposes you wish to support at the University level, thereby eliminating the potential for confusion or the inability to use the funds as you ultimately desire.
- Creating a fund agreement now specifying your wishes eliminates the need to change your estate documents under certain circumstances as well.
- If we are unaware of your estate commitment and the purposes outlined in your estate documents are prohibited or impossible for us to execute, unnecessary complications may arise that easily could have been avoided.
SEE IT NOW
We can help you enjoy your investment in the University of North Carolina School of the Arts through a current-use or endowed gift made during your life. For example:
- With a four year commitment, a scholarship may be funded for $5,000 per year. Many donors choose this current-use option to witness the benefit and impact of their philanthropy in advance of an estate gift fully funding the initiative.
- Some donors decide to endow the funds they create now and have their estate add to the fund at the time they pass. These donors often have a desire to see and enjoy the impact of their investment at University of North Carolina School of the Arts today and in the future.
Please consult with your personal advisors on all legal, tax or financial issues related to gift or personal matters. Nothing contained on this page or anywhere on our website should be considered legal, tax or financial advice.
