The University of North Carolina at Chapel Hill Foundation, Inc., is available to serve as trustee of charitable remainder trusts established to benefit the University. The Foundation may serve as trustee of a trust if the remainder is irrevocably designated for the benefit of the University or any of its schools, units, departments or for any of the University's affiliated foundations. If you have charitable interests other than the University and wish for the Foundation to serve as trustee, it can do so as long as at least 51 percent (51%) of the remainder is irrevocably designated to Carolina. The minimum amount required to fund a trust in which the Foundation serves as trustee is $100,000.
Carolina’s Charitable Trust Investment Program consists of two options for the investment of the charitable remainder trusts for which the Foundation serves as trustee.
The Endowment Investment Strategy for Charitable Remainder Trusts allows a trust to be invested in tracking units issued by the Foundation that will track the performance of The University of North Carolina at Chapel Hill Investment Fund, Inc. This strategy provides access to the same investment returns as the University’s endowment assets. Trusts invested in the Endowment Investment Strategy are required to have 100 percent of the remainder irrevocably designated for the benefit of the Foundation, the University or any of its schools, affiliated foundations.
The Traditional Investment Strategy for Charitable Remainder Trusts allows a trust to be invested in investment partnerships specifically created by the Foundation to invest the assets of charitable remainder trusts. These partnerships in turn invest primarily in institutional mutual funds, both domestic and international, selected by the Foundation in consultation with UNC Management Company, Inc.
We are happy to talk with you and with your advisors to help determine if a charitable remainder trust might be right for your situation. Please contact Kyle Gray at (919) 966-3352 or firstname.lastname@example.org.