By making a planned gift, you can make a lasting impact on Morehead Planetarium and Science Center and on science education in North Carolina for years to come time. At the same time, you may realize financial and tax benefits for you and your family.
Some people think that planned giving is just for people of a certain age or the extremely wealthy. It’s not! Through careful planning, many people can use planned giving to make a larger gift to an organization like Morehead than they ever realized possible while still achieving all of their financial goals.
Types of Planned Giving
Wills, Life Insurance Policies and Retirement Plan Accounts
These gifts are revocable planned gifts. They allow you to keep your assets until death. In most cases, these are also the simplest types of planned gifts to create. They can be created through 1) a bequest in a new will or a codicil to an existing will or 2) through the beneficiary designation of a life insurance policy or your retirement plan account. We encourage you to tell us if you have included us as a beneficiary in your planning so that we can properly thank you, plan for the future and ensure that your wishes are carried out in the manner you had intended.
Annuities and Charitable Remainder Trusts
These are life income gifts that provide you and/or another beneficiary with income for life. After the beneficiary dies, Morehead uses the gift in the manner you designate. The gifts are irrevocable.
Charitable Lead Trusts
These can provide Morehead with a current stream of income for the number of years you specify. At the end of that period, the trust assets are transferred to family members you select. These types of gifts are advantageous to you because you are able to remove assets from your estate and pass them onto heirs in a tax-advantaged way. Depending on the type of lead trust, you may receive an income tax charitable deduction on the amount coming to Morehead.
Morehead Legacy Club
All persons who document a planned gift to Morehead will become members of the Morehead Legacy Club. Legacy Club members are recognized on an ongoing basis and receive periodic updates from Morehead about its programs and plans for the future. Read about the Evans' legacy gift to Morehead.
The first step is to let us know that you are interested in exploring planned gift possibilities. Contact us by phone or email (contact information below). The Morehead team will then work with you, your financial advisors and the experienced UNC gift planning team to create a plan that allows you to meet your goals. Don't worry if you haven't decided to make a planned gift. We're still happy to talk with you and to explain various planned giving options.
If you’d like to learn more about gift planning before contacting us, please visit the UNC Gift Planning website. This website goes into greater detail about planned gifts and how someone might use the different types of gifts to achieve their goals.