CAROLINA LEG ACY
Photo by Steve Exum
y Paying it forward y
David Moore hopes others will have the same
great experience he had at Carolina
David Moore ’ 66 ’ 69 (law) has made giving back
to Carolina a priority over the years. A brush with
mortality merely clarified his intentions.
“My health played a major role in my paying
more attention to my estate,” he said.
After earning two degrees from Carolina, Moore
practiced law at Smith Moore Leatherwood LLP in
Greensboro. He specialized in civil litigation.
As a child, Moore suffered back-to-back bouts
of rheumatic fever, which scarred the valves in his
heart. He had no further significant symptoms until
2004, when he began to experience recurring arrhythmias and deteriorating heart function.
His doctors recommended retiring from a high-stress career. He received two prosthetic valves in
2006, at age 62. “Thankfully, my life was saved by
medical science,” he said. “That led me to focus
on what was important.”
Moore grew up on a dairy farm in Caldwell
County. He always knew he was going to college.
What wasn’t as clear was how he was going to pay
for it. That problem was solved when he received a
Morehead Scholarship (now called the Morehead-Cain). “It was a miraculous thing,” he said.
“Carolina opens up your horizons to the world.”
The law school gave him excellent legal training, a professional career path and a community
of peers. “My experience at Carolina Law created
an extended family,” he said. “My law school
classmates remain my best friends.”
So, after providing for his family in his estate, he
wanted to provide for Carolina. He directed that
the law school and the Morehead-Cain Foundation
would be listed as beneficiaries of his 401(k). Moore
knew that retirement plan assets owned at death can
be the most highly taxed assets in an estate –as much
as 65 percent of the total account value. By structuring his gift in this way, a portion of these funds
won’t be subject to taxation upon distribution.
“It seemed to be a wonderful way to pay forward
the benefits that had been given to me at the University and at the law school.”
Now Moore, who has served on the board and as
president of the Law Alumni Association, knows
that future students can receive scholarship money,
just like he did.
“I’m glad to be alive,” he said. “I enjoyed my
career and my law practice very much, but now I’m
privileged to enjoy a new season of life that continues to be enriched by my Carolina experience.”
If you’re interested in creating
your Carolina legacy,
please contact Candace Clark,
associate director of
919-962-3967 or 800-994-8803,