retirement, millenials, TIAA

TIAA Partnership with University of North Carolina System Launches Donor-Advised Fund Program

Initiative can help donors enhance their overall philanthropy while supporting Institutions within the UNC System

Originally Published by TIAA.
The University of North Carolina System has partnered with TIAA Charitable to provide alumni and friends with a leading-edge donor-advised fund program, which each participating institution can use to enhance its overall philanthropy.

“Our donors are interested in donor-advised funds to help them fulfill their philanthropic goals,” said Timothy A. Minor, vice president for University Advancement for the UNC System. “This System-wide offering provides access that allows each of our 17 individual institutions to offer its own version of the donor-advised fund. Each university has unique needs, and this is one more way to enhance giving opportunities for our supporters.”
A donor-advised fund works like a personal fund dedicated to charitable giving. Instead of writing multiple checks to individual charities, donors put everything into one simple giving fund and can decide now, or later, on the charities they want to support.
Donors can direct contributions to the donor-advised fund in a wide range of investment options, including a suite of funds that explicitly incorporate environmental, social, and governance (ESG) criteria in their investment decision-making. All growth is tax-free, which may allow for larger gifts over time. In addition, all contributions may be eligible for an immediate tax benefit. Further, when donors contribute long-term appreciated securities or real estate, no capital gains taxes are triggered and the full fair market value of the securities could be available for giving.
Currently, four UNC System universities are participating in this initiative, including East Carolina University, North Carolina Agricultural and Technical State University, North Carolina State University, and University of North Carolina at Pembroke. The fund program is open to all of the UNC System institutions.
“Donor-advised funds also create a legacy aspect. The fund can be shared with family members and the institution can be named a beneficiary,” added Minor.
Donors who would like to learn more or make a contribution should contact Kinna N. Clark, director of gift planning services at the UNC System, by calling (919) 843-4703 or email: knclark@northcarolina.edu.

Latest News

Dow Named Among Derwent Top 100 Global Innovators in 2020

Originally posted on Dow.com Dow announced it was named among the Derwent Top 100 Global Innovators by Clarivate Analytics in its 2020 report. The annual report identifies and celebrates the world’s most innovative organizations that successfully develop valuable patented inventions that also have strong commercialization potential based on market reach…

AIG Insurance Careers Month

In honor of the 5th Annual Insurance Career’s Month, AIG is proudly showcasing its dedicated employees. Throughout the month of February, several “Up Close” features have been created following the 2020 themes of philanthropy, diversity and inclusion and insurance as a purpose-driven industry. Priya Kumar from the Investments team shares her…

LGBTQ diversity

More LGBTQ+ Employees Comfortable Expressing Sexuality, Gender at Work

There have been significant strides in LGBTQ diversity and inclusion in the workplace nationally and globally. For example, according to the Human Rights Campaign report, A Workplace Divided: Understanding the Climate for LGBTQ Workers Nationwide, 46% of LGBTQ workers say they are closeted at work, compared to 50% in Human Rights Campaign Foundation’s 2008 Degrees of…

Wells Fargo’s Gigi Dixon Contributes Black History Month Piece to Business Insider

Georgette “Gigi” Dixon is senior vice president and senior director of external relations for national constituents at Wells Fargo. In this role, she leads and coordinates Wells Fargo’s engagement and outreach to national non-government organizations and key stakeholders with the goal of promoting Wells Fargo’s policy priorities. She published a…

Accenture Technology Vision 2020: From Tech-Clash to Trust, the Focus Must Be on People

Originally posted on Accenture.com To compete and succeed in a world where digital is everywhere, companies need a new focus on balancing “value” with “values,” aligning their drive to create business value with their customers’ and employees’ values and expectations, according to Accenture Technology Vision 2020. The 20th edition of Accenture’s…

AbbVie to Present at the SVB Leerink 9th Annual Global Healthcare Conference

Originally posted on AbbVie.com AbbVie, a research-based global biopharmaceutical company, will participate in the SVB Leerink 9th Annual Global Healthcare Conference on Tuesday, February 25.  Michael Severino, M.D., vice chairman and president and Robert A. Michael, executive vice president and chief financial officer, will present at 9:30 a.m. Central time. A live audio webcast…

TIAA Logo

TIAA: Howard University Event Focused on Solving Financial Challenges, Building Economic Strength of African American Community

Originally published on tiaa.org. TIAA and AARP sponsored event featured industry experts, including CBS National News Correspondent, Michelle Miller. On January 31, Howard University convened an important event focused on enhancing the economic strength and financial wellness of African Americans. The event, sponsored by TIAA and AARP, brought together industry…