Planned Giving

Thank you for your interest in making a difference now and in the future for Dementia Alliance of North Carolina and the thousands of families impacted by dementia in our state.  Dementia Alliance of North Carolina is committed to improve the lives of all North Carolinians impacted by dementia, engaging and empowering them through support, education and research. All of our programs are built around a foundation of CARE – providing Comfort, Assistance, Resources and Education for individuals and families living with Dementia. Through our CARE approach, we seek to help North Carolina become a state of caring for caregivers and individuals living with dementia.

Giving through your estate and financial plans can take many forms, but the simplest way to accomplish this is through a gift in your will or living trust.  Gifts through your retirement plans or life insurance are other options.  Most of these types of gifts will feature various tax benefits.  They all, however, have one thing in common: Each gift makes an impact for families living with dementia in North Carolina.

Are you looking to make a lasting impact with the Dementia Alliance of North Carolina of North Carolina? We would be honored to talk with you more about different opportunities to remember the Dementia Alliance of North Carolina in your estate and financial planning.

Including a charitable bequest in your will is a simple way to make a lasting gift to Dementia Alliance of North Carolina and to those we serve across North Carolina.  You can leave a bequest to Dementia Alliance of North Carolina by adding to an existing will or drafting a new one.  Make a gift of a stated dollar amount, a percentage of your estate, or the remainder after distributions to other beneficiaries.  In doing so, you leave a legacy to Dementia Alliance and to your community, yet preserve and enjoy assets you might need during your lifetime.  Plus, the assets distributed to Dementia Alliance are exempt from estate tax.

Ways to Give Through Wills And Trusts

  • Make a gift of a specific amount. A gift of a particular amount may be designated for general use or to fund a special need.
  • Provide for a gift of a particular property. Real estate, stocks and other items of value are examples of properties that can be used to fund charitable bequests.
  • Designate that a percentage of your estate be given to Dementia Alliance of North Carolina through your will or living trust.
  • Give the remainder, or residue, of your estate—that is, what remains after all other bequests to friends and loved ones are satisfied.

Charitable Trusts are flexible planning tools that may be used to accomplish a number of personal and financial goals. Many choose to rely on trusts to provide for management of assets by someone they trust. Others make use of trusts to delay or otherwise manage the transfers of property to loved ones or others due to their age or other circumstances.

Here’s how a charitable remainder trust works:

  • A trust is drafted by an appropriate advisor in consultation with those who will manage the trust.
  • Assets are transferred to the trust to be managed by you or another person or entity you choose to be the trustee.
  • Payments are made from the trust to you and/or others you name for life or other period of time you determine.

A charitable remainder annuity trust is a way to make a gift while ensuring a fixed, regular income. Income from such a trust can be a reliable income supplement in retirement years. The payments received each year will be 5% or more of the amount originally placed in the trust. You determine the exact amount when your trust is created.

Like the annuity trust, the charitable remainder unitrust provides for a gift to Dementia Alliance of North Carolina that allows a donor to first retain income for life or other period of time. But unlike the annuity trust, the income from a unitrust fluctuates over time with the value of the assets placed in the trust.

You determine the annual payment percentage when the gift is made. Each year this percentage (5% or more) of the value of the trust assets is paid to you or others you name. When the value of the investments increases, more income is received. The income will be less if the value of the trust assets declines. If provided for in the trust agreement, additions can be made to a unitrust and an additional tax deduction is allowed for part of any additional amounts contributed.

For those who would like to provide for an income that can grow over time, the charitable remainder unitrust can be an attractive option. Another benefit of charitable remainder trusts is the fact that no tax is payable by the trust at the time investment gains are realized, making it possible to enjoy increased income over time based on tax-free growth within the trust. This can be especially attractive to those who anticipate increases in growth in investments over time.

Giving through life insurance is one of the simplest ways to make a significant contribution to Dementia Alliance of North Carolina and to establish your legacy of giving.  You may do so in one of two ways:  1) You can designate Dementia Alliance as the primary or secondary beneficiary of either 100% or some percentage of the proceeds from the policy.  2)  You can transfer to Dementia Alliance ownership of the policy – either paid in full or fow which you continue making premium payments.  The transfer of the policy is a present gift for which a charitable tax deduction may be taken, and your continued payment of premiums is each considered a charitable contribution, deductible to the full extent of the law.

Retirement plan assets (those in qualified plans and IRAs) are ideal for charitable giving purposes because these assets are often heavily taxed when passed to non-spouse beneficiaries.  To make a future gift of retirement plan assets simply requires a designation of Dementia Alliance of North Carolina as the beneficiary of the plan.  Making a present gift of retirement account assets during your lifetime has been permitted under recent law for certain tax years; check with your tax advisor before making a gift of retirement plan assets.

For more information about how these types of gifts can benefit Dementia Alliance of North Carolina, please contact Heather Hooper, Executive Director at 919-832-3732 or via email.   We also recommend you consult with your tax advisor or planning professional.

*Disclaimer – The information herein does not constitute legal advice from the Dementia Alliance of North Carolina. Each recipient is advised to seek advice from a qualified and licensed attorney within the state where they reside. While all information contained herein is believed to be reliable, there are no substitutes for individual review and analysis of each person’s estate plan and appropriate legal advice concerning such estate plan. Caution should be taken before proceeding with an estate plan or charitable gift without advice from your own tax accounting and legal advisors.