Reduce Your Tax Burden through Donating

Carolina Meadows has a proud history of caring which radiates inward and outward to create a vibrant community life. Residents are generous donors to many charities, and are pleased to learn that they can reduce their tax burden by donating through their individual retirement account (IRA).

In most cases distributions from a traditional IRA are taxable in the year the account owner receives them, but a qualified charitable distribution (QCD) is one exception. A QCD is a nontaxable distribution made directly by the trustee of an IRA to an organization that is eligible to receive tax-deductible contributions.

This means that making a QCD can benefit you by reducing your taxable income while supporting qualifying charitable organizations! You do not have to meet the standard deduction or itemizing deductions with a QCD.

When making a gift to the Carolina Meadows Foundation, such as the Employee Emergency Fund or a Gift and Remembrance Fund, we invite you to consider using a QCD for additional tax benefit.  

Residents have also enjoyed the option of making a recurring gift to the Foundation, allowing them to spread the gift out over many months and often increasing the impact of their gift. A recurring gift can easily be made online through www.carolinameadowsfoundation.org. Select the Fund you wish to support (such as the annual Employee Success Fund) and the frequency of gift (monthly or quarterly).

If you have questions, Amy Gorely would be glad to talk with you (amy@carolinameadows.net or 919-370-7213). Thank you!

(Article appeared in June 2023 Meadow Lark)

Continuing our Caring Culture - Support Employees in Need

Meadow Lark – May, 2023 Edition

 By Dick Hoffert, Carolina Meadows Foundation Board Chair

When I moved into Carolina Meadows in 2021, residents told me that our employees are the heartbeat of our community. Residents share a special relationship with our employee team based on mutual caring and respect.

As the new chair of the Carolina Meadows Foundation (CMF) Board of Directors, I am committed to helping further this culture of caring.  At first, I did not realize all the good that CMF does for our community, and particularly our dedicated employees. One example of how CMF helps is our Employee Emergency Fund.     

This fund was started during the pandemic. It raised more than $117,000 from 350 residents and has distributed support to 100 employees in need over the past 3 years. The fund supports financial crisis which affect the employees’ safety, well-being or ability to work. 

The Board is committed to maintaining this crucial life line for our dedicated employees.  After the initial funds were distributed, the Board transferred CMF funds to allow us to continue supporting this vital employee program.  

Here is just one example of how we were able to help.  One employee who had worked at CM  for 11 years needed funds due to a domestic incident where a significant other stole the employee’s savings.  The employee ended up homeless as their own extended family was an unsafe option.  The Employee Emergency Fund provided $600 for a new apartment deposit to get her quickly and safely housed. 

Many of you have expressed an interest in supporting our team, and here is how you can help. You can donate online at carolinameadowsfoundation.org. Click on donate, Employee Fund with sub-designation Employee Emergency Assistance.  You can also write a check to CMF with memo Employee Emergency Fund. Please contact Amy Gorely at 919-370-7213 for more info. Thank you in advance for your caring! 

With Heartfelt Gratitude: Letter From the Board Chair

Being a part of the Carolina Meadows community is one of the best decisions I have ever made. And after this past year,

I could not be more appreciative of our community!

I am proud that the Carolina Meadows Foundation (CMF) established an Employee Emergency Fund in 2018. We had no idea that this fund would play a major role in our assistance during the COVID-19 pandemic. Your gifts to this fund made a tremendous impact.

It is true that Carolina Meadows employees are ESSENTIAL. This took on an even greater meaning in 2020. Employees are essential in what they do. They went above and beyond to keep us safe. They perform their duties with dedication and a caring heart. For this reason, the Foundation’s greatest successes this year were the Employee Emergency Fund and the annual Team Member Fund.

None of this would be possible without YOU. The support of residents, loved ones and employees is what enables the Foundation to continue to make an impact and move into our next phase. We thank you!

Pat Mandell, Board Chair

Carolina Meadows Foundation

You make the Difference: Letter from the Director

The Carolina Meadows Foundation provides funds from generous gifts to help Carolina Meadows achieve our vision to be the best place to live and work. This vision inspires each of us to consider how we can enhance the quality of life and spirit of innovation within our already caring Carolina Meadows community.

The charitable giving focus this year was on supporting our essential employees as they juggle dedication to work with family responsibilities in the midst of a crisis. Future giving foci will include The Fund for Campus Life and The Fund for the Future. More to come!

Whether you want to honor the excellent care of a spouse or family member, celebrate a fellow resident, support employee education or leave a legacy gift, the Carolina Meadows Foundation can connect you with a meaningful giving opportunity.

Please know that your gifts – big and small – make an impact. YOU make the difference. Thank you in advance for all you do and will do for Carolina Meadows!

Amy Gorely, Executive Director Carolina Meadows Foundation

Kevin McLeod, CEO and President Carolina Meadows, Inc.