Legacy Giving:
                     What and How to Give

What Can be Given?

Gifts of Cash

A gift of cash is a simple and easy way for you to make a gift.   You can give the gift while you are still living or designate the gift to be given from your estate through your will.

Gifts of Stocks and Bonds

Donating appreciated securities, including stocks and bonds, is an easy and tax-effective way to make a gift to DCPC.

Gifts of Real Estate

Donating appreciated real estate, such as a home, vacation property, undeveloped land,farmland, or commercial property can make a great gift to DCPC.

Gifts of Retirement Assets

Donating part or all of your unused retirement assets, such as a gift from your IRA, 401(k), 403(b), pension or other tax-deferred plan is an excellent way to make a gift.

Gifts of Insurance

A gift of your life insurance policy is another way to make a gift to DCPC.   If you have a life insurance policy that has outlasted its original purpose, consider naming DCPC as the beneficiary of the policy.

How Do I Make My Gift?

Bequest

Charitable Bequests are made through a donor's will.  A will can be written to accomplish a variety of needs, such as benefiting family and friends.  It can also fulfill a desire to support the church or a mission program of the church. The designation may be a specific dollar amount, a percentage of the estate, or it can be the balance or residue of the estate.

Retirement Plans

Designating a charitable beneficiary for retirement accounts such as IRAs, 401(k), 403(b), Keogh, and others may reduce income and estate tax liabilities for the donor and his/her heirs.  A donor may also establish a charitable trust during his/her lifetime using assets from a retirement account.

Beneficiary Designation 

You can designate DCPC as a beneficiary of a retirement, investment, or bank account or your life insurance policy.

Charitable Remainder Trust

This vehicle allows the donor to make future gift to DCPC  while receiving income during his lifetime or a designated heir may receive income for a specified number of years.   The trustee manages the assets and makes payments to the income recipient.   When the income payments end, the remaining trust assets become available for the work of DCPC according to the donor's wishes.

Charitable Lead Trust

This type of trust appeals to individuals who may be subject to a large estate tax.   The charitable beneficiary named by the donor receives payments from the trust, usually for a set term of years.  At the end of the term, the trust assets are returned to the donor's estate or passed on to heirs, usually at substantial tax savings.

Donor-Advised Funds (DAF)

DAF's are like an online charitable checkbook and make giving convenient and flexible.  An irrevocable gift, a DAF provides and opportunity to teach and share philanthropic values with children or grandchildren, and creates a legacy of generosity. The donor (or heirs) can fully manage the fund online, including making grant recommendations and additions to the fund.

How Do I Document My Gift?

Wills or Trusts

It can be a specific dollar amount or a percentage of your estate.   Contact an attorney to amend or create your Will or Trust to include your bequest to Davidson College Presbyterian Church.  Here is suggested language:

"I give to Foundation for Carolinas, a North Carolina non-profit corporation, the sum of _____ dollars ($___.00), in cash or in kind, [could also be a stated percentage or fraction of the estate instead]  for the benefit of the Davidson College Presbyterian Church Endowment Gift Fund. "

Life Insurance or Retirement Account

It can be a specific dollar amount or percentage.  Contact the holder of the policy, account, or plan administrator to make the changes.  Beneficiary should be listed as:

"Foundation for Carolinas, a North Carolina non-profit corporation (FED ID # 56-604-7886), the sum of _____ dollars ($___.00), in cash, or percentage (_%), for the benefit of the Davidson College Presbyterian Church Endowment Gift Fund. "

Notify DCPC

Please notify the Endowment Committee via Trish Jones, DCPC Bookkeeper and Committee Assistant, of your plans to include DCPC in your legacy plan.  CLICK HERE to download a form you can email to Trish.  You may also include additional information about how you wish your future gift to be allocated.