Life-income gifts such as gift annuities and charitable remainder trusts can provide you with an income stream, significant tax savings, and the satisfaction of providing NYU Langone Hospitals or NYU Grossman School of Medicine with vital long-term resources.
Charitable Gift Annuity
You donate cash, securities, or other assets, and you (and/or up to two beneficiaries) receive fixed payments for life. Your payments never change regardless of market fluctuations. Payments can begin immediately (if you are 60+) or at a future date. The older you are when payments begin, the higher your annuity rate will be. If you’re 701/2 or older, you can make a one-time election from your IRA to fund your CGA
Charitable Remainder Trust
A CRT can be established for your lifetime or a term of up to 20 years. The trust makes payments to the beneficiaries at a specified percentage.
A CRT can be created with cash, securities, real estate, a business interest, cryptocurrency, or other assets. Upon termination, the remaining assets are distributed to NYU Langone. There are two types of CRTs (unitrust and annuity trust) and several variations of this gift structure that provide opportunities to enhance your retirement and achieve personal and financial goals.
Next Steps
- Contact Staci Weininger, Senior Division Director, for additional information or to learn more about the different options for supporting NYU Langone Hospitals or NYU Grossman School of Medicine with your gift.
- Seek the advice of your financial or legal advisor.
- If you include NYU Langone Hospitals or NYU Grossman School of Medicine in your plans, please let us know so we can be sure to welcome you to our John Revere Society.