ECU launches new giving program for donors
East Carolina University, along with three other UNC System institutions, is now offering a new way for alumni and friends to enhance their philanthropy.
A partnership with TIAA Charitable will provide donors with a leading-edge, donor-advised fund program, which 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, which charities they want to support.
“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 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.”
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.
Currently, four UNC System universities are participating in this initiative, including ECU, North Carolina Agricultural and Technical State University, North Carolina State University, and the University of North Carolina at Pembroke. The fund program is open to all of the UNC System institutions.
“Donor-advised funds are a great way to create a legacy through giving, because the fund can be shared with family members and the institution can be named a beneficiary,” said Christopher Dyba, vice president for university advancement.
“This new program offers a simple, flexible process for donors to advance their philanthropy. We are excited to provide our donors this gift option for all of our four ECU Foundations,” added Greg Abeyounis, senior associate vice chancellor for planned giving.
Donors who would like to learn more or make a contribution may contact Abeyounis by phone at 252-328-9573 or via email at abeyounisg@ecu.edu.
About TIAA Charitable
TIAA Charitable (https://www.tiaacharitable.org) was established by TIAA, a trusted partner to academic and nonprofit institutions for a century. TIAA Charitable is an independent public charity dedicated to encouraging philanthropy by helping donors make the most of their generosity.
The material is for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. Certain products and services may not be available to all entities or persons. Past performance does not guarantee future results.
TIAA Charitable does not provide tax advice. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.
Contributions to the donor-advised fund are irrevocable. All recommendations from donors are subject to review and approval by TIAA Charitable.
###
ECU News Services
Howard House, 1001 E. Fifth Street
Greenville, NC 27858
ecunews@ecu.edu
Phone: 252-328-6481
news.ecu.edu
Contact: Erin Shaw, University Communications
Telephone: 252-737-1505