Beneficiary Designation Gifts
Naming UNC Charlotte as the beneficiary of a retirement account, insurance policy, or bank or brokerage account is a savvy way to make a gift that leaves a lasting legacy.
The value of retirement accounts may increase significantly over time, resulting in a substantial tax liability. Leaving these assets to loved ones, other than a spouse, may result in nearly three-fourths of the value being lost to taxes. If you leave other assets to loved ones and use a retirement account to make a gift to UNC Charlotte, UNC Charlotte realizes the full value of the gift.
Making UNC Charlotte the beneficiary of a retirement account, insurance policy, or bank or brokerage account is as simple as completing a beneficiary designation form with the account administrator. These gifts also offer great flexibility as you can easily make changes during your lifetime without incurring legal fees
(IRA/Investment)
Benefits of a beneficiary designation gift
- Support the causes that you care about
- Continue to use your account as long as you need to
- Simplify your planning and avoid expensive legal fees
- Reduce the burden of taxes on your family
- Receive an estate tax charitable deduction
How a beneficiary designation gift works
- To make your gift, contact the person who helps you with your account or insurance policy, such as your broker, banker or insurance agent.
- Ask them to send you a new beneficiary designation form.
- Complete the form, sign it and mail it back to your broker, banker or agent.
- When you pass away, your account or insurance policy will be paid or transferred to UNC Charlotte, consistent with the beneficiary designation.
Information You Need for Beneficiary Designations
| Legal Name: | The Foundation of the University of North Carolina at Charlotte |
| Address: | 9201 University City Blvd., Charlotte, NC 28223 |
| Tax ID: | 56-6059417 |
| Phone Number: | 704-687-0301 |
Important considerations for your future
If you are interested in making a gift but are also concerned about your future needs, keep in mind that beneficiary designation gifts are among the most flexible of all charitable gifts. Even after you complete the beneficiary designation form, you can take distributions or withdrawals from your retirement, investment or bank account and continue to freely use your account. You can also change your mind at any time in the future for any reason, including if you have a loved one who needs your financial help.
Contact us
If you have any questions about leaving a beneficiary designation gift to us, please contact us. We would be happy to assist you.
If you choose to name UNC Charlotte as a beneficiary of an asset or as part of your estate plan, please let us know so we can thank you and recognize your generosity in the Bonnie E. Cone Society.