Giving Options
The Seahawk Club is the lifeblood of the athletic program as fundraising is the No. 1 source of external revenue for the department. There are several ways you can help:
- Join the Seahawk Club at the highest level possible or consider increasing your current membership level by giving an “extra 10 percent.”
- Purchase season tickets and attend our games.
- Spread the word. Let your family and friends know about the Seahawk Club and encourage them to join. You can provide names of people and businesses that are interested in the UNCW athletics but aren’t members of the Seahawk Club to any member of the athletic staff.
Giving Options
- Annual Gifts – Gifts can be made to the general, unrestricted scholarship fund or to a specific sport.
- Scholarship Endowment – The endowment of athletic scholarships is a top priority for the Seahawk Club. You can establish and name a new scholarship or contribute to several existing ones.
- Gift-in-Kind – Businesses and organizations may make donations of products and services to the Seahawk Club that offset expense. The worth of these products and services can be recognized as a gift to the Seahawk Club and will received priority points based on their true cost defrayment to the program.
- Planned/Deferred gifts – Gifts may be made through will provisions, life insurance and other bequests.
Ways to Give
- Cash Gifts – Personal checks can be made payable to “Seahawk Club”
- Credit Card – VISA, MasterCard or American Express are accepted. The Seahawk Club can also bill your credit card as you wish.
- Matching Gifts – If your corporation matches gifts to educational institutions, please indicate so on your pledge card.
- Gifts of Stock/Security – Stocks, bonds, CD’s and other securities may be donated and may allow you to avoid capital gains taxes
Gifts of Cash
Many gifts to UNCW are in cash. Cash gifts may be pledged for payment and then paid later in the year. For the accuracy of your records and those of the university, pledges should be made by means of a pledge card.
Gifts of Stocks and Bonds
Many donors make gifts in the form of appreciated securities in order to benefit from tax advantages. You can receive an income tax deduction equal to the fair market value of the securities, as well as reduce - or eliminate - capital gains taxes on the transfer.
Gifts of Personal Property
Valuable collections, such as works of art, rare books, paintings or antiques, can be subject to estate taxes. By donating such items during your lifetime, rather than at your death, you not only reduce your taxable estate but also reduce your taxable income in the year of the gift.
Gifts of Real Estate
Almost any kind of real estate can make a valuable gift to UNCW. A deed transfer is the most common way to make a gift of real estate to UNCW. An outright gift of real estate provides the donor with a charitable income-tax deduction for the fair market value of the property, while also freeing the donor from real-estate taxes, as well as maintenance and insurance costs.
Another option is a bargain sale, which is part gift and part sale. The property is purchased by UNCW for an amount less than the appraised value. The difference between the fair market value and the purchase price is considered a gift for which the donor entitled to an income tax deduction. There are even methods by which you can contribute your current home now and still reside in it for life.
Gifts of Life Insurance
You may make a gift of life insurance to UNCW by naming it as owner, primary or successor beneficiary, or irrevocable beneficiary, of a whole life policy. The gift may be a paid up policy, an existing policy with cash value, or a new policy.
Gifts That Provide Income
You may wish to make a substantial gift to UNCW but feel you cannot afford to give up the annual income produced by the asset. We can outline several ways to help you make a gift, while retaining an income for your lifetime or the lifetime of others.
While the benefits vary, these arrangements share several attractive features:
Income for life paid to you and/or another beneficiary, such as your spouse. Increased income (if the gift is made to a life income plan that produces a higher yield than the donated asset).
An immediate federal income tax deduction for a portion of the gift's value. Elimination of capital gains tax at the time of transfer (if the asset is in the form of securities or real estate that have appreciated in value). A charitable gift annuity allows a donor to make a gift and receive income for life. Upon the death of the donor's designated beneficiaries, the remaining funds become available to UNCW to support the named endowment. Through a charitable remainder unitrust, a donor receives a fixed income for the trust's term. A charitable remainder trust provides a variable payment, and could be considered a possible hedge against inflation
A charitable lead trust is essentially the reverse of a charitable remainder trust. Rather than receiving the trust's remainder value, UNCW receives the trust's income for a specified period. At the end of this period, the property either reverts to the donor or to a non-charity beneficiary designated by the donor. Established during a donor's lifetime or through a will, charitable lead trusts are best for donors who can forego the income generated by the property for the trust's period of existence.
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