The Investing in Queens’ Future Campaign is an important fundraising effort that builds upon the past generosity of alumni, faculty and staff, foundations and corporations. This campaign represents the beginning of a journey of renewal and transformation for Queens University of Charlotte that will strengthen our position as a pre-eminent Presbyterian and comprehensive liberal arts university in the South, and will enable Queens to provide an extraordinary learning environment that is unparalleled.
In the 21st century, no university can remain competitive without a strong foundation of dependable private support. To remain a top institution, we must secure increasing support from those who believe in Queens’ ability to contribute positively to the lives of our students and the larger community. Your private gifts to Queens make a world of difference for students and faculty, and every dollar counts. All gifts -- large and small -- help Queens transform lives. Your gift will enable the University’s highest aspirations and most ambitious dreams to become reality and will ensure the next 150 years of excellence at Queens.
Ideal gifts are those that match a donor’s passions and dreams with the University’s greatest aspirations. In support of the Investing in Queens’ Future Campaign, consider supporting one or more of four critical areas:
• Facilities to support new building construction and existing building renovations to sustain increased enrollment and new and expanded programs. For more information about facilities initiatives click here.
• Programmatic and Scholarship Endowment to enable Queens to provide the highest quality programming, attract and retain the most talented faculty and recruit deserving and gifted students who will contribute to our innovative and extraordinary learning environment. For more information, please visit the pages for endowed scholarships and/or programs and centers.
• The Queens Fund, McColl School Excellence Fund or annual donor-named scholarships to invest completely in annual expendable financial assistance for hundreds of Queens’ students. For more information about annual giving opportunities click here.
• Planned Giving to provide a legacy of support for Queens University of Charlotte.
Gifts for Today...
|
Gifts of Outright Cash are the most convenient, simple and direct way to give. Cash gifts are fully deductible up to 50 percent of your Adjusted Gross Income (AGI). Amounts given over and above this limit can be carried forward and deducted for up to five years beyond the year of the initial gift. Gifts of Appreciated Securities. You may receive a charitable deduction for the full fair market value of long-term capital gains assets that you contribute, such as stocks and mutual funds held for more than one year. Because the University liquidates the securities, you pay no tax on the sale, and the full value of your gift benefits Queens. Gifts of Real Estate (valued at $50,000 or above). Real estate gifts, such as your home, farm or vacation property entitle you to a charitable income tax deduction up to the full fair market value of the property, not to exceed 30 percent of your AGI. Plus, you avoid paying any capital gains tax on the property’s appreciated value. Gifts of Other Tangible Personal Property. Gifts of personal property, such as works of art, collectibles or jewelry may offer beneficial charitable deductions. Contact the University Development Office at 704 337-2249 to discuss making this type of gift arrangement. Pledges. Individual payment schedules are possible for donors who wish to meet their philanthropic goals for an endowment or annual gift with a pledge. Gifts may be funded with a three- to five-year pledge. For example, if you would like to make an outright gift of $25,000, but are only able to donate $5,000 per year, you may pledge a commitment to Queens of $5,000 per year over the next five years for a total gift of $25,000. Matching Corporate Gifts. Many corporations today offer a matching gifts program and will match your philanthropic gift to the charity of your choice, thus maximizing the impact of your giving. Please check with your human resources department to learn if your company offers this type of program. If not, you may want to consider asking your employer to establish one. |
Gifts for Tomorrow – Planned and Deferred Gift Vehicles…
We invite you to explore these gift options with us and to discuss the potential benefits of each – for yourself, your loved ones and for future Queens’ students. Keep in mind that making a gift of $1,000 or more per year to Queens may make you eligible for membership in one of our giving societies. Membership levels for each society vary and are dependent upon either your annual or lifetime cumulative level of giving. Giving Societies include The Royal Society, The Crown Society, The Ministrare Leadership Society and the Thelma Albright Society. For more information about giving levels for each, please click here.
Queens does not give tax or legal advice. We encourage you to consult with your financial and legal advisors prior to making any decisions related to estate planning and planned giving matters. In certain instances, deferred giving and life income producing gifts directed to Queens are managed by either the Presbyterian Foundation or the Foundation for the Carolinas. In naming Queens as beneficiary of a charitable gift, please refer to the institution as Queens University of Charlotte, a non-profit corporation, organized and existing under the laws of the State of North Carolina, and with a principal business address of 1900 Selwyn Avenue, Charlotte, NC 28274.
Bequests
A bequest gift is a simple and convenient way to make a gift to Queens. It may take the form of cash, securities, real estate, tangible personal property or other assets. Whatever form you choose, your estate receives an unlimited, dollar-for-dollar deduction on estate taxes due. Types of bequests include:
| Specific Bequests – Queens receives a specific dollar amount or a specific asset such as securities, real estate or tangible personal property. Percentage Bequests – Queens receives a specified percentage of the total estate assets. Residuary Bequests – Queens receives a remainder of the estate after all costs and expenses are paid and other bequests are honored. Contingent Bequests – Queens receives the bequest only in the event of the prior death of other beneficiaries. Living Trusts – Much like a will, a living trust allows your heirs to save the time and expense involved with settling an estate through probate. When the trust matures, it automatically becomes irrevocable and assets are distributed as outlined in the trust. |
Gifts That Generage Income for Life for You and/or Others...
Life income arrangements allow you to plan a significant gift, such as establishing an endowed scholarship, while providing for your financial needs and those of loved ones. Typically, donors retain an interest in a portion of the property gifted. This may allow you to continue a stream of income, to pass assets to heirs at a reduced tax rate, and to meet your own financial and philanthropic objectives. This type of gift is irrevocable once funded. asdfa
|
Charitable Gift Annuity – A charitable gift annuity is a simple contract between you and Queens, whereby Queens agrees to pay you a lifetime annuity in exchange for a charitable gift. The amount of the annual fixed payment is generally determined by the amount of the gift and your age. Charitable gift annuities may also be structured to defer income until a future date. In this instance, the income is deferred until a later date, the annuity is increased and you receive a larger deduction. The minimum amount to establish a charitable gift annuity is $10,000. Charitable Remainder Annuity Trusts — A charitable remainder annuity trust is custom designed to enable you to retain a fixed income for your lifetime or a term of up to 20 years, claim a current income tax deduction, avoid tax on capital gains and make a future gift to Queens. Your income is based on the value of the initial contribution and a payout rate that you choose. The lower the annual payments to you, the higher the tax deduction. Annuity trusts require a minimum irrevocable gift of $200,000, and must be funded with a single gift. Charitable Remainder Unitrusts – A charitable remainder unitrust provides a variable income that may grow as the principal grows. It is custom designed with you, the donor, choosing the term (lifetime or up to 20 years), the beneficiaries, and the percentage of payout (the lower the payout rate, the larger the income tax deduction). This type of gift offers an excellent way to preserve your assets for yourself, your children, grandchildren or others, and to provide future support for Queens. Unitrusts require a minimum gift of $200,000. Additional contributions may be made to a unitrust with a minimum gift of $10,000. As with other annuity trusts, the donor’s income tax deduction is based on the amount of the gift, the age of the beneficiaries, and the percentage of the trust received as income. |
| Gifts of Retirement Assets – When passed directly to heirs, assets from a tax-sheltered retirement plan are subject to both income and estate taxes. Naming a charity as the beneficiary of a traditional IRA or other retirement plan, while designating other assets for heirs, can enable you to leave more to loved ones while also making a charitable gift. If you have a will, an effective strategy is to make a specific bequest of your IRA or other tax-sheltered retirement accounts to Queens, or to use a beneficiary form for the same purpose and avoid probate and other costs. Retained Life Estates – In a life estate agreement, you transfer the title to a personal residence to Queens, while retaining the right to occupy and otherwise enjoy the full use of the property for either a term of years, or the lifetime of one or more individuals. Gifts of Life Insurance – Life insurance may permit you to make a substantial gift for a relatively modest annual amount. A gift of a fully paid life insurance policy may also be a handsome gift without any immediate out-of-pocket cost. Naming Queens as owner and beneficiary of a paid-up life insurance policy entitles you to a deduction equal to the cost basis in the policy, or its replacement cost – whichever is less. |
| Charitable Lead Trust – This is a gift vehicle which keeps property in the family. With a lead trust, you make a gift of income for a term of years. After the term has expired, the principal may be passed on to your children or to your estate. Lead trusts may provide a means of directing assets to your children or other heirs in a cost-effective way. They do, however, have a number of income and gift tax consequences that should be considered before making such a gift. |
-------------------------------------
Printed from www.Queens.edu.
Queens University of Charlotte
1900 Selwyn Ave.
Charlotte, NC 28274
Phone: 704 337-2200
Fax: 704 337-2403
Thrive.