OrthoCarolina Research Institute (OCRI), is an independent North Carolina IRS designated 501(c)3organization (Tax ID number is #:01-0648145) that operates out of OrthoCarolina clinics.
OCRI is solely supported by charitable donations, grants, and limited research revenue. Whether giving today or planning to leave a legacy with your future investment in OrthoCarolina Research Institute, we want to share various ways you can give to support OCRI’s mission that advances orthopedic treatments, improves quality of life for patients, and educates the medical community.
OCRI will accept cash in the form of currency, checks and wires. In general, the deduction for individuals is for the contribution and is limited to 60% of the donor’s adjusted gross income (AGI) in the year in which the contribution is made. The donor may carry forward and deduct any excess over the next five (5) years. Deductions may be subject to certain other limitations based on income.
These are charitable dollars already set aside that can be used any time of the year to give to OCRI. In addition, using your donor advised fund as part of your overall estate plans, streamlines legacy giving.
When you put money into your Donor Advised Funds (DAF) you receive a tax deduction and you can donate to one or more charities now or years in the future. If you would like to make a gift now through your DAF, click the link below to find your fund:
Legal name: OrthoCarolina Research Institute
Address: 2001 Vail Ave #300, Charlotte, NC 28207
Federal Tax ID number: 01-0648145
Phone Number (for assistance): 704-945-7710
A donation to OCRI is a heartfelt way to celebrate a milestone or to memorialize those who have touched your life. You can designate your gift to a specific sub-specialty area at OrthoCarolina that is most meaningful to you, or you can direct it to the area of the greatest need.
When you make your gift indicate it is an honor/memorial gift and include the mailing address of the person you would like us to notify of this tribute. We will let them know you have made a gift in honor/memory of someone special.
Giving appreciated stock, real estate, or other non-cash assets remains the most cost-effective giving option. You receive a fair market value deduction at the time of your gift and avoid capital gains on the sale of appreciated assets. OCRI will accept publicly traded stocks, bonds, and readily marketable mutual fund shares. Special attention may be required for gift transactions with unique tax considerations (e.g., restrictions on excess business holdings, restricted or controlled stock and capital gains treatment of discounted bonds upon maturity).
Individuals age 70½ and older can make direct transfers of up to $100,000 per year (and up to $200,000 per year for married couples) from individual retirement accounts to OCRI without having to count the transfers as income for federal tax purposes. Since no tax is incurred on the withdrawal, gifts do not qualify for an income tax charitable deduction but are eligible to be counted toward an individual’s minimum required distribution.
OCRI accepts gifts of real property, including land, office buildings, residences and vacation homes. The acceptance of any such gift is subject to our gift acceptance policy (GAP). In addition, IRS rules regarding income tax deductions for charitable gifts require a qualified appraisal by a qualified appraiser and such an appraisal provided by the donor will be required by the gift acceptance committee, defined in the GAP.
If you have any questions about how to incorporate OCRI into your planned giving arrangements, contact us at research@orthocarolina.com
OrthoCarolina Research Institute is a fully registered and compliant 501(c)3 tax-exempt organization. Our Tax ID number is #:01-0648145 and your donation is tax-deductible within the guidelines of US law.
Plan and define a gift during your lifetime as part of your overall financial estate planning, that will take affect after your passing. Just as you can bequeath your assets to family and friends, you can also name a nonprofit, such as OCRI, as a beneficiary.
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