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Beneficiary of your IRA or other tax deferred account

You simply ask your financial institution for a beneficiary designation form and include UNCG as a beneficiary. This does not require a modification to your will. Here is why it is so efficient to make charitable gifts from your IRA or other tax deferred account.

Usual estate planning...
Will bequest of $25,000 to UNCG ------> UNCG receives $25,000
IRA assets of $25,000 to Children -----> Children receive only $17,500 (why? income taxes of 30%!)

Better estate planning!
Will bequest of $25,000 to Children ------> Children receive $25,000 (no income taxes)
IRA assets of $25,000 to UNCG -----> UNCG receives entire $25,000 (we're tax-exempt!)

And you don't have to designate UNCG as primary beneficiary of your entire IRA or 401(k) - you can designate UNCG as primary beneficiary of just a portion, or percentage, of it:

"Ten percent (10%) to The UNCG Excellence Foundation, Inc., tax identification number 56-6086393" to establish a named endowment OR to contribute to an existing endowment at the University of North Carolina at Greensboro.

Please contact us for the accompanying pledge form and any questions/concerns regarding your circumstances. This is an important decision and we want to assist you in any way we can.

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