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PLANNED GIFTS -
MAKING A DIFFERENCE, OVER A PERIOD OF TIME
Planned
Gifts are charitable gifts that require some thought
and planning before they are made. They often require
the services of professionals such as attorneys, accountants
or financial managers. Planned gifts are popular because
they can provide valuable tax benefits and/or income
for life.
Whether
a donor uses cash or other assets, the benefits of
funding a planned gift can make this type of charitable
giving very attractive to both the donor and charity.
Types
of planned gifts made to Coastal Carolina University
include:
WILLS
AND BEQUESTS
Legal
documents expressing your wishes as to what should
be done following your death concerning the disposition
of your property can be drawn up to include Coastal
Carolina University. You can will Coastal a sum of
money, specified personal or real property, or a share
of your estate’s residue. Your estate may receive
a charitable estate tax deduction at the time of your
death, when the gift is made to Coastal.
CHARITABLE
REMAINDER UNITRUST
A
charitable remainder unitrust is a gift plan defined
by federal tax law that allows you to provide income
to yourself or others for life or a term of years
while making a generous gift to Coastal Carolina University.
As
a unitrust donor, you irrevocably transfer assets,
usually cash, securities, or real estate, to a trustee
of your choice. During the unitrust's term, the trustee
invests the unitrust's assets. Each year, the trustee
pays a fixed percentage of the unitrust's value, as
revalued annually, to one or more income beneficiaries
named by you. Payments must be at least 5% of the
trust's annual value and are made out of trust income,
or trust principal if income is not adequate. Payments
may be made annually, semiannually, or quarterly.
When
the unitrust term ends, the unitrust's principal passes
to Coastal Carolina University, to be used for the
purpose you designate.
CHARITABLE
REMAINDER ANNUITY TRUST
A
charitable remainder annuity trust is a gift plan
defined by federal tax law that allows you to provide
income to yourself or others for life or a term of
years while making a generous gift to Coastal Carolina
University.
As
an annuity trust donor, you irrevocably transfer assets,
usually cash or securities, to a trustee of your choice.
During the trust's term, the trustee invests the trust's
assets. Each year, the trustee provides a fixed dollar
amount to one or more income beneficiaries named by
you. The payments must be at least 5% of the trust's
initial value and are made out of trust income, or
trust principal if income is not adequate. Payments
may be made annually, semiannually, or quarterly.
When
the annuity trust term ends, the trust's principal
passes to Coastal Carolina University, to be used
for the purpose you designate.
CHARITABLE
LEAD UNITRUST
A
charitable lead unitrust is a gift plan defined by
federal tax law that allows you to transfer assets
to your family at reduced tax cost while making a
generous gift to Coastal Carolina University.
As
a lead unitrust donor, you irrevocably transfer assets,
usually cash or securities, to a trustee of your choice.
During the unitrust's term, usually a fixed number
of years, the trustee invests the unitrust's assets.
Each year, the trustee distributes a fixed percentage
of the unitrust's value, as revalued annually, to
Coastal Carolina University. These payments are used
for the charitable purpose you designate and are made
out of trust income, or trust principal if the trust
income is not adequate. If trust income exceeds the
charitable payment for a given year, the trust pays
income tax on the excess.
When
the lead unitrust term ends, the unitrust distributes
all of its accumulated assets to family members or
other beneficiaries named by you.
CHARITABLE
LEAD ANNUITY TRUST
A
charitable lead annuity trust is a gift plan defined
by federal tax law that allows you to transfer assets
to your family at reduced tax cost while making a
generous gift to Coastal Carolina University.
As
a lead annuity trust donor, you irrevocably transfer
assets, usually cash or securities, to a trustee of
your choice. During the trust's term, usually a fixed
number of years, the trustee invests the trust's assets.
Each year, the trustee distributes a fixed dollar
amount to Coastal Carolina University. These payments
are used for the charitable purpose you designate
and are made out of trust income, or trust principal
if the trust income is not adequate. If trust income
for a given year exceeds the annual charitable payment,
the trust pays income tax on the excess.
When
the lead annuity trust term ends, its charitable payments
cease and the trust distributes all of its accumulated
assets to family members or other beneficiaries named
by you.
Would
you like additional information on planned giving?
Contact the Office of University Advancement for free
informational brochures on the topics of:
LEGACY SOCIETY
As Coastal Carolina University embarks upon the 50th Anniversary
Initiative Campaign, the Coastal Educational Foundation is establishing the Legacy
Society, a new initiative which will offer Coastal alumni and friends the opportunity
to invest in the future of the University with a planned gift. The name underlines
the importance of making a gift that will continue to strengthen the value of
our university. By giving something back to preserve and extend the significance
of the university to others, the Society joins together people from all means
and walks of life in this common endeavor. The focus of the Legacy Society is
not on the size of the gift—but the act of giving.
A planned gift is much more than a sum of money. It represents values, caring
and hope. Coastal Carolina wants our donors to know that their gifts are making
a difference for students and for the ideas they wish to perpetuate. Planned
gifts often are given in memory of a loved one. Membership in the Legacy Society
recognizes your intention to provide financial help to Coastal Carolina University
in the future.
As we celebrate the rich heritage of our past during our 50th Anniversary,
let us plan for the future and commit our resources and energy to insure that
future generations continue to receive a quality educational experience.
LEGACY ADVISORY COUNCIL
The Legacy Advisory Council consists of financial professionals with interest
in promoting the continuing growth of Coastal Carolina University through the
use of planned gifts.
Volunteer membership is composed of those practicing in the legal, accounting,
life underwriting, financial planning and consulting and trust officer professions.
Members of the Legacy Advisory Council are:
