Advisor Resources

Tax-ID # for All Carolina Foundations

Entity	Tax ID No.	For the benefit of...
The University of North Carolina at Chapel Hill	56-6001393	any UNC school, unit or department
The University of North Carolina at Chapel Hill Foundation, Inc.	59-1711424	any UNC school, unit, department or affiliated foundation
The University of North Carolina at Chapel Hill Arts and Sciences Foundation, Inc.	56-1150509	College of Arts and Sciences
UNC Eshelman School of Pharmacy Foundation	56-6037918	Eshelman School of Pharmacy
The University of North Carolina at Chapel Hill School of Public Health Foundation, Inc.	56-1717285	Gillings School of Global Public Health
The Kenan-Flagler Business School Foundation, Inc.	56-0771850	Kenan-Flagler Business School
The Morehead-Cain Scholarship Foundation	56-2462593	Morehead-Cain Scholarship Program
North Carolina Botanical Garden Foundation	56-6076622	North Carolina Botanical Garden
The Educational Foundation, Inc.	56-6058412	Rams Club
The Dental Foundation of North Carolina, Inc.	56-6304130	School of Dentistry
The School of Government Foundation, Inc.	56-1966429	School of Government
The School of Journalism and Mass Communication Foundation of North Carolina, Inc.	56-6034739	School of Journalism and Mass Communication
The U.N.C. Law Foundation, Inc.	56-0934173	School of Law
UNC Health Foundation, Inc.	56-6057494	School of Medicine, Lineberger Comprehensive Cancer Center, UNC Childrens'

Frequently Asked:

I am an executor, personal representative, or trustee with a gift to distribute to University of North Carolina or one of its schools. Whom should I contact?

Pete Henderson
Estates Administrator
Tel: 919-962-0543
Email: [email protected]

My client wants to remain anonymous. Is that possible?

Yes, we are happy to keep your client's name and/or the details of their gift confidential if they so desire. We hope, however, that they are willing to share their name with us so we can thank them personally for including Carolina in their plans. In addition, if they are willing, we would like to review a copy of your client's plans (relating to Carolina) in order to ensure we have a complete understanding of their gift and can carry out their wishes when their gift arrives.

Can gifts be restricted for a particular purpose?

Yes they can but, given the fact that this gift may arrive many years in the future, it is important that the purpose of the gift is flexible enough for Carolina to be able to put to good use when it arrives. We are bound by federal guidelines and the universities non-discrimination policy. It is suggested that specific names of programs, departments, degrees, athletic teams, and facilities can change over time, so we encourage you to use language in the will or trust that provides some flexibility for the dean or president to apply the gift to a substantially similar purpose. See our suggested bequest language for an example.

Will Carolina accept Gift of Real Estate or Real Property?

Yes, residence, vacation homes, or undeveloped land may be donated. When you make a gift of real estate, you can claim an income tax charitable deduction for the full fair market value of the real estate and avoid capital gains taxes on the appreciation. All gifts of real estate require approval by The University of North Carolina Real Estate Acceptance Committee.

Are there minimums to establish an endowed fund?

Yes, there are minimum amounts required to establish each fund, but they change over time and with each foundation. Please contact the Gift Planning Office if you or your client wants to ensure that the bequest or other planned gift will reach the minimum to endow a fund in the future.

Are there minimums to establish life income gifts at Carolina?

Yes, the minimums are:
Charitable gift annuity: $20,000
Charitable remainder trust: $100,000

Can Carolina be the trustee of a charitable remainder trust?

Yes, we can. In order to be the trustee, Carolina must be irrevocably named as at least 50 percent remainder beneficiary.