Boys and Girls Homes of North Carolina, Inc.

Strategies for Giving

Opportunities to Help

Boys and Girls Homes Country Store

Christmas Cards By The Children (Christmas In-Lieu)

Memorial or Honor Gift to Boys and Girls Homes

Suggestions for How You May Help

Two Bucks To Back A Kid Program

Planned Giving  The wisdom of King Solomon is enthusiastically affirmed by many who support our ministry to children.  Through your gifts, you, too, can touch the lives of boys and girls and give them hope for a brighter future.

Your gifts may undergird our current program of loving care or help provide a facility and equipment needed to conduct that program.  Your gifts may also provide continuing support for our ministry to children in the years to come.

Someone has said that a person will work more than forty years to accumulate assets, will spend ten years conserving what has been accumulated, but will not take two hours to plan carefully for their distribution.

Through our Planned Giving Program, we can help you lighten the burdens of estate transfer, receive the benefits of lower taxes, and enjoy safe, competitive returns and guaranteed income.

Dr. Albert Schweitzer once said, "The only ones among you who will be truly happy are those who have sought and found ways to serve others."  There is no service more worthy and no service that brings greater joy and satisfaction than reaching out to needy boys and girls with compassion and love.

Outright Gifts  An outright gift provides immediate resources for Boys and Girls Homes, and can provide immediate benefits to the donor.  Outright gifts are gifts of cash, stock, or other securities, an existing life insurance policy or any other property of value such as real estate, art collections, jewelry or antiques.  A tax advisor or attorney should be consulted to determine full tax savings and advantages.  Examples: 

• Mr. Jones donates $100.00 in cash to Boys and Girls Homes which benefits from the cash gift, while Mr. Jones benefits from a tax deduction.
• Mrs. Jones has stock valued at $500,000, for which she originally paid $50,000.  If Mrs. Jones sells the stock, she will pay a significant capital gains tax, and her estate could be subject to taxes as well.  If Mrs. Jones transfers her stock to Boys and Girls Home, she will avoid capital gain taxes, reduce her estate, and contribute generously to the work of Boys and Girls Homes.
• Mr. Jones has a paid-up life insurance policy with a $50,000 face amount.  He no longer needs the insurance and wishes to make a contribution to Boys and Girls Homes.  Mr. Jones contacts his insurance carrier and simply fills out a change of Beneficiary and ownership form, naming Boys and Girls Homes as beneficiary.  He receives a deduction approximately equal to the cash surrender value of the policy.

Payments can be made quarterly or annually, and are based on your age at the time the annuity is established.  Upon your death, the assets that you transferred to Boys and Girls Homes go to the program that you designate at the outset of the agreement if desired.  Examples:

• Mr. Smith, 65, purchased stock 20 years ago for $2,500.  The stock today is worth $10,000, but pays only a small annual dividend of 2.5%.  Mr. Smith transfers the stock to Boys and Girls Homes in exchange for a fixed income for life - an income that translates into a much higher rate of return on his investment.
• You may also make a gift and defer your annuity payout (consult your tax advisor).  For example, a 40 - year - old who defers collecting the annuity until age 65 could receive a more than 20 percent return on the investment.  This is a good way for younger people to provide for their later years and make a gift at the same time.  This program works much like an IRA and carries the same tax advantages.

• Mr. Smith owns a farm which has appreciated in value over the past 50 years.  Also, Mr. Smith requires additional income to supplement social security and other investment income.  His attorney drafts a Charitable Remainder Unitrust and Mr. Smith donates the real estate to the trust.  The trustee then sells the property and invests principle and begins paying Mr. Smith or a family member an income every quarter.  At the death of the income beneficiaries, Boys and Girls Homes receives the balance left in the trust.
• Mrs. Smith owns property or a business which has been part of the family for many years.  She wishes to have the property retained by the family for future generations.  She also wants to contribute a specified amount to Boys and Girls Home each in support of the permanent endowment fund.  Mrs. Smith's attorney drafts a charitable Lead Trust and she donates the property to the trust for a term of 20 years.  The Trust begins paying Boys and Girls Homes an annual income and at the end of the term or death of Mrs. Smith the property reverts to her children.

• Mrs. Smith wants to leave a portion of her estate to Boys and Girls Homes through her existing will. She contacts her attorney and adds a codicil to her Will, naming what she wishes to be left to Bys and Girls Homes.

For the benefits of these programs or further information related to them, please contact Ray Cockrell, Director of Planned Giving, 910-646-3083, ray.cockrell@bghnc.org

Return to Home page  Return to Inside Our Home page

Return to Financial Development page