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Create a Lasting Legacy
With Your Gift

With gift planning, you can provide long-lasting support for Carolina while enjoying financial benefits for yourself. Meet your personal financial goals while making a difference for the University's future.
Learn About Ways to Give

Gift Annuity

You transfer your cash or stock to The University of North Carolina at Chapel Hill Foundation, Inc. in exchange for fixed payments (with rates based on your age) for the rest of your life.

If you are tired of living at the mercy of the fluctuating stock and real estate markets, a gift annuity is for you because in exchange for your gift we promise to make fixed payments at a rate based on your age.

Benefits of a charitable gift annuity

  • Receive fixed payments to you or another annuitant you designate for life
  • Receive a charitable income tax deduction for the charitable gift portion of the annuity
  • Benefit from payments that may be partially tax-free
  • Further the charitable work of The University of North Carolina at Chapel Hill with your gift

Charitable gift annuity video

How a charitable gift annuity works

A charitable gift annuity is a way to make a gift to support programs at Carolina that are important to you.

  1. You transfer cash or long-term highly appreciated stock to The University of North Carolina at Chapel Hill Foundation, Inc.
  2. In exchange, you receive fixed payments for life. The payments can be quite high depending on your age, and a portion of each payment may even be tax-free.
  3. You will receive a charitable income tax deduction for the gift portion of the annuity.
  4. You also receive the satisfaction, of knowing that you will be helping further Carolina's mission.

If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax. Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity.

Gift annuity options

  • Current charitable gift annuity (payments begin within one year). With a current gift annuity, you may transfer cash or property in exchange for fixed payments beginning as early as this year. You will receive an income tax charitable deduction this year for the value of your gift.
  • Deferred charitable gift annuity (for payments at future date). Perhaps you are not ready to begin receiving payments until a future date, such as when you retire. With a deferred gift annuity, you establish the gift annuity today, receive a charitable income tax deduction this year, but defer the payments until a designated date sometime in the future. Best of all, because you deferred the payments, your annual payment will be higher when the payments start than they would have been with a current gift annuity.
  • Flexible deferred charitable gift annuity (gives you flexibility as to when the payments will start). With a flexible deferred gift annuity, you retain the flexibility to decide when the annuity will begin making payments. As with a deferred gift annuity, you establish the annuity today and receive a charitable deduction this year, but the payments are deferred until such time as you elect to begin receiving the payments.

Other Considerations

The University of North Carolina at Chapel Hill Foundation, Inc. requires a minimum funding level of $20,000 for Charitable Gift Annuities. The Foundation generally follows the annuity rates recommended by the American Council on Gift Annuities (ACGA). The minimum age is 50 years or higher and payout rates are capped at the current ACGA rate for an 80 year old. CGA payments are guaranteed by the unrestricted assets of the Foundation. For any large CGA with respect to which the annual payment to the beneficiary is $30,000 or greater, a risk concentration analysis shall be performed prior to accepting the CGA.


The University of North Carolina at Chapel Hill Foundation does not accept charitable gift annuities in all states due to registration requirements. Please see the chart below to determine if they are offered in your state.


Arizona
Colorado
Delaware
District of Columbia
Florida
Georgia
Illinois
Indiana
Kansas

Kentucky
Louisiana
Maine
Massachusetts
Michigan
Minnesota
Mississippi
Nebraska
New Mexico

North Carolina
Ohio
Rhode Island
South Carolina
Texas
Utah
Vermont
Virginia
Wyoming

Contact us

If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.