A generous gift from two alumni business owners has marked the first time NCCU has benefitted from a new investment vehicle that provides tax benefits and income for donors.
The $220,000 gift from alumni Rae and Audwin Helton is part of a charitable remainder unitrust that was created in October 2017 through an agreement between the NCCU Foundation and N.C. Gift Planning LLC.
The Heltons, both 1981 Eagle graduates, own and operate a successful geographic information systems company in Louisville, Ken.
“We decided to invest in the charitable remainder unitrust because it seemed to be a good fit with what we wanted to do on behalf of the university, and it will provide continued support over time,” Rae Helton said.
Chancellor Johnson O. Akinleye welcomed the Heltons’ contribution to the charitable remainder unitrust, a type of trust that provides a fixed annual income to the donors during their lifetime.
“We are appreciative of the generosity of the Heltons and their thoughtful decision to invest in this unitrust to the benefit of their alma mater,” Akinleye said.