Planned gifts include bequests, gifts of life insurance and retirement plans, and other contributions made through a donor’s estate. Many planned giving options allow donors and their loved ones to receive income during their lifetime from assets that will eventually benefit the North Carolina State Elks Association Charitable Trust Inc. All of these life-income gifts deserve special consideration when making financial and estate plans. Below is an overview of some planned giving options.

Wills, Living Trust, or Retirement Plans
Through a will, living trust, or retirement plan, individuals can make gifts to  that are larger than anything they could imagine in their lifetime. The process is very simple for most individuals. You need only to include appropriate language in your will. Gifts through wills, living trusts, or retirement plans offer a number of advantages:

  • They are revocable by the donor if circumstances change.
  • They realize the donor’s vision for the future in a tangible way without an uncomfortable financial burden during his or her lifetime.
  • Individuals may choose to designate their support to any part of the Trust.
  • For individuals who wish to support at the North Carolina State Elks Association Charitable Trust Inc. levels that will produce an endowment in perpetuity, separate endowment agreements can be created to spell out the donor’s wishes.
  • They may reduce estate tax for the surviving family members.

Please consult your attorney for further advice.

Wording for a Simple Bequest

You can add the text below to the body of your will, or include it in an additional witnessed page, or codicil, at a later date.

“I hereby give and bequeath [amount in dollars or percentage amount] to the North Carolina State Elks Association Charitable Trust Inc., a North Carolina nonprofit, 501(c)(3) tax-exempt organization, having federal tax identification number 56-1886763, with its headquarters currently located at PO Box 29452, Greensboro, NC 27429-9452 , for its general & administrative purposes.”

Please consult your attorney for further advice.

Gift Annuity
There are two types of gift annuities:

Charitable Gift Annuities and Deferred Gift Annuities.

Please contact your financial advisor for information specific to your situation.

Trust

Charitable Remainder Trust, Unitusts, Annuity Trusts, Charitable Lead Trust

Please contact your financial advisor for information specific to your situation.

Life Insurance
A new or existing life insurance policy is a low-cost way to make a significant gift to the Foundation. Often individuals cannot give large sums of money, but this is something anyone can do — designate the North Carolina State Elks Association Charitable Trust Inc. as the beneficiary of their life insurance policy.

Please contact your Insurance and Financial advisors for information specific to your situation.

Real Property
A personal residence, a farm or commercial property that is debt free can help further the work of the NC Elks Charitable Trust. In most cases the property would be sold at fair market value however, the property may be retained as an investment. For example land owned in a remote location may be held and used for the North Carolina State Elks Association Charitable Trust Inc. Programs and sold later.

Please consult your attorney and your financial advisor for advice and information specific to your situation.