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 There
are numerous ways that you can make a gift in support of the
Department of Computer Science at NC State. Everything from
simply writing a check for your annual gift in support of
our current needs to a major or planned gift for an endowment
or a capital project. The numerous options available to you
are divided in two distinct categories; outright gifts and
planned gifts.
Outright Gifts
Gifts of cash are the easiest and most direct
way to support the department. However, other forms of outright
gifts include stocks, bonds and other securities, real estate,
irrevocable life insurance, and gifts-in-kind (such as art
work, sporting event tickets, library collections, or other
personal belongings). Depending on the size of the donation,
cash gifts can provide general support for the department's
overall financial needs, or it can be directed to enhance
classroom technology, support strategic programs and initiatives,
help upgrade or expand our facilities, or fund endowment opportunities
such as scholarships, graduate fellowships, or professorships.
 The
NC State Annual
Fund is perhaps the most recognizable option for making
a yearly cash contribution to the university. Annual Fund
contributions are typically solicited from alumni, parents,
and friends by a team of well-trained students working in
the NC State Call Center. However, an online
giving form is also available for your convenience.
And remember, to maximize the proportion of you gift that
comes back to the department, please specify that you want
your gift to go to the "Computer Science Enhancement Fund".
As an alternative that allows you to ensure 100% of your
contributions are directed to the Computer Science Department,
you can send your tax-deductible contribution directly to
the department. If you do so, please make your checks payable
to "NC State Engineering Foundation Inc.", and write
"Computer Science Enhancement Fund" in the memo section.
Please include your company's "matching
gifts" form, if you have one. You can mail your
contributions directly to Ken Tate, NCSU Department of Computer
Science, Campus Box 8206, Raleigh, NC 27695.
Planned Gifts
Planned gifts often enable a donor to make a larger investment
in the future of the department than they ever thought possible,
but they require careful consideration of the financial, personal,
and charitable objectives of the donors, and frequently involves
input from their financial and legal advisors.
Many planned gifts are outright gifts. Other planned gifts
are deferred where the donor retains some level of control
over the assets for either one or more lifetimes or a term
of years. A will
bequest is perhaps the easiest and most common form
of planned giving. You may make provisions for NC State or
one of the university-related foundations in your will or
living trust by designating either a specific dollar amount
or a percentage of your estate. Bequests under your will or
living trust provide estate tax relief to your estate and
may enable you to provide larger benefits to your loved ones
since charitable gifts are not taxable. Please consider
sharing your plans to benefit NC State via your will or living
trust with us. Doing so allows us the opportunity to express
our appreciation for your support of the University and qualifies
you for membership in the R. Stanhope Pullen Society
A life income gift, such as a charitable
gift annuity or a charitable
remainder trust, pays income to the named beneficiary
for life or a term of years. Only after the life income terminates
are the funds available to NC State for the purpose designated
by the donor. The reserve of the life income gift is the charitable
lead trust which provides income to the charity for
a period of time and then the trust assets revert to the donor
or other beneficiary. Other forms of planned gifts include
life
insurance gifts, retained
life estates, and retirement
plan gifts.
For more information on making a planned gift
and the benefits you and your family might enjoy please contact
Joan DeBruin, Director of Gift Planning at (919) 515-9076
or via e-mail at Joan_debruin@ncsu.edu.
Endowments
An endowment creates financial stability, allowing
NC State to be less dependent on unpredictable sources of
revenue, such as research sponsorship, state and national
government aid. An endowment is created through the establishment
of a permanent fund that is invested and managed. A portion
of annual income generated is used to carry out the donor's
designated purpose. Income earned in excess of the annual
amount spent is added back into the endowment so that it continues
to grow and maintain its purchasing power for future generations.
You do not have to be wealthy to establish an
endowment, as there are a variety of ways to fund your commitment.
Outright gifts and planned gifts such as charitable trusts
and will bequests are popular ways to fund the initial endowment
or add to it in later years. Donors often fund endowments
as a single gift or in the alternative, they spread the payments
over several years in the form of a pledge. Endowed funds
can become family traditions, with succeeding generations
adding gifts to the principal established by a founding donor.
A minimum of $15,000 is required to establish
a permanent endowment. Numerous endowment
naming opportunities exist including:
Undergraduate Scholarship ($25,000 minimum)
Merit Awards Program Scholarship ($50,000
minimum)
Graduate Fellowship Fund ($100,000 minimum)
Endowed Assistant Professorship ($300,000
minimum)
Endowed Professorship ($1,000,000 minimum)
Endowed Chair ($2,500,000 minimum)
Academic Department ($10,000,000 minimum)
For more information about these, or any giving
related questions, contact Ken Tate, NCSU Department of
Computer Science, Campus Box 8206, Raleigh, NC 27695 - (919)
513-4292 or tate@csc.ncsu.edu.
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