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The Currituck Education Foundation Endowment
OUR ENDOWMENT AND ITS MISSION
The Currituck Education Foundation has established this endowment to provide a sustainable, permanent source of support for our work and mission, expand the number of giving options available to our donors, and build capital for long-term goals and projects that enhance our services.
Gifts may be made in many forms, and gifts of all sizes are most welcome. The Currituck Education Foundation Endowment is invested and administered through the North Carolina Community Foundation.
How can you support the Currituck Education Foundation Endowment?
You can ensure the continuation of our mission in many ways: your direct gift to the fund; your gifts in memory or in honor of friends and family; or your thoughtfully planned bequest. All contributions support our goal to build a strong endowment for the future. All gifts are tax-deductible to the fullest extent allowed by law. Some types of gifts for you to consider include the following:
• CASH GIFTS
The simplest and most convenient way to support the fund is through tax-deductible cash gifts, usually made by check or credit card. (See the "Giving Options" section below.)
• SECURITIES OR REAL ESTATE
Gifts of appreciated securities and real property may provide important tax advantages to donors who have held assets for more than one year. The full fair market value of such gifts may be deductible as a charitable contribution. In the case of restricted or closely held stock, real estate or other unusual assets, the proposed gift may require an appraisal, a review by NCCF counsel and approval of the NCCF Board of Directors.
• WILLS OR BEQUESTS
There are many ways to remember the Currituck Education Foundation Endowment in a will. After providing for heirs, a donor can specify that some or all of the remaining assets be given to the Currituck Education Foundation Endowment, thereby achieving a lasting purpose and reducing the taxable portion of an estate. Suggested language: "I give, devise and bequeath [the following property, $_, or % of my estate] to the North Carolina Community Foundation, a North Carolina nonprofit corporation, to be added to the Currituck Education Foundation Endowment."
• LIFE INSURANCE
The Currituck Education Foundation Endowment may be named as the owner and beneficiary of a previously existing or new life insurance policy. The donor receives an immediate tax deduction, which is generally equal to the policy's cash surrender value. The donor may make ongoing tax-deductible gifts to ensure continuation of premium payments.
• RETIREMENT PLAN ASSETS
Assets held in qualified retirement plans or individual retirement accounts (IRAs) may be contributed to charity. The donor may name the Currituck Education Foundation Endowment as the designated beneficiary of retirement account assets upon his/her death or the death of family beneficiaries.
• CHARITABLE TRUSTS
A donor may wish to make a contribution to the fund but also receive an income interest. Certain charitable trusts may deliver important advantages in financial and estate planning and also enable charitable gifts to the fund. The NCCF does not act in a trustee capacity, but will work with donors and their chosen trustees as the charitable lead beneficiary or remainderman of the trust.
GIVING OPTIONS
• Give online
To make an online gift to the Currituck Education Foundation Endowment, click the following link:
• Give via Check
To make a gift via check to the Currituck Education Foundation Endowment, click the following link:
About the NC Community Foundation
NCCF (NC Community Foundation) is the only statewide community foundation serving North Carolina and has made $184 million in grants since its inception in 1988. With more than $290 million in assets, NCCF sustains 1,200 endowments established to provide long-term support of a broad range of community needs, nonprofit organizations, institutions and scholarships. The NCCF partners with affiliate foundations across the state to provide local resource allocation and community assistance. An important component of NCCF's mission is to ensure that rural philanthropy has a voice at local, regional and national levels.
For more information about NCCF visit our website at:
www.nccommunityfoundation.org
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