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Planned Giving

Planned Giving

Thank you for your interest in long-term giving to ASNC.
We offer several ways to give:

Bequest by Will: A legacy of giving

Including a charitable bequest in your will is a simple way to make a lasting gift to the Autism Society of North Carolina (ASNC) and your community. You can leave a bequest to ASNC by adding to an existing will or drafting a new one. Make a gift of a stated dollar amount, specific property, a percentage of your estate, or the remainder after distributions to other beneficiaries. In doing so, you leave a legacy to ASNC and your community, yet preserve and enjoy assets you might need during your lifetime. Plus, the assets distributed to ASNC are exempt from estate tax. We recommend that you consult with your tax advisor or planning professional.

Life Insurance: A simple way to give a significant gift

Giving through life insurance is one of the simplest ways to make a significant contribution to ASNC and establish your legacy of giving. There are two approaches: You can simply designate ASNC as the primary or secondary beneficiary of either 100% or some percentage of the proceeds from the policy. Or you can transfer to ASNC ownership of the policy ā€“ either paid in full or for which you continue making premium payments. The transfer of the policy is a present gift for which a charitable tax deduction may be taken, and your continued premium payments are considered charitable contributions, deductible to the full extent of the law. We recommend that you consult with your tax advisor or planning professional.

Gifts from Retirement Plans: The perfect gift asset

Retirement plan assets (those in qualified plans and IRAs) are ideal for charitable giving, because these assets are often heavily taxed when passed to non-spouse beneficiaries. A future gift of retirement plan assets simply requires a designation of ASNC as the beneficiary of the plan. Making a present gift of retirement account assets during your lifetime has been permitted under recent law for certain tax years; check with your tax advisor before making a gift of retirement plan assets.

Charitable Remainder Trust: Planning for the future ā€“ for you and your community

Giving through a Charitable Remainder Trust allows you to receive income for the rest of your life or a specified term of years, knowing that whatever remains will benefit ASNC. You transfer assets into a trust and receive an immediate charitable deduction. The trust distributes regular income payments to you or to designated family members. You may choose to receive a fixed income or one that changes with market conditions; payments can begin immediately, or you can defer them to increase your tax deduction. The amount of the income payments and the amount of the charitable tax deduction depends on the age of the recipient and the current annuity rate as established by the IRS. Upon the beneficiaryā€™s death or after a defined period of years, the remaining assets in the trust will transfer to ASNC. Consultation with your tax advisor or planning professional will be required.

Charitable Lead Trust: Giving to ASNC and your loved ones

A Charitable Lead Trust permits you to remove assets from your estate and benefit ASNC during the trustā€™s term. Assets selected by you are transferred into a trust, which pays ASNC an annual amount to accomplish its mission. During its term, the trust can be managed by experienced professionals, which may help your trust investments grow over time. When the trust terminates, either upon your death or after a specified number of years, its final assets are transferred to the family members you designate. Any growth in the trust passes to recipients, often with significant transfer-tax savings.

Charitable Lead Trusts offer financial benefits by sheltering investment earnings from income tax, too. However, at the time your trust is established, you may owe gift tax on the present value of your gift to the final beneficiary. Charitable Lead Trusts can be arranged to make annual distributions of a fixed percentage of the trust assets or distributions of a fixed dollar amount. Consultation with your tax advisor or planning professional will be required.

Contact us:

Kristy White, Chief Development Officer

The material presented on this website is not offered as legal or tax advice. Please seek the counsel of your tax advisor, attorney, and/or financial planner to review tax calculations to ensure that a contemplated gift is appropriate for your situation.