Planned Giving and Financial Planning

Planned giving starts with your intention to support the Graduate Center by making a charitable gift. Financial planning and planned giving work together to determine what kind of gift works best with your financial circumstances, often allowing you to make a larger gift than you could otherwise and entailing financial benefits for you as well as the Graduate Center.
 
Here are examples of issues addressed by planned giving:
 

  • You have appreciated stock and would pay a hefty capital gains tax if you sold.

 

  • You want to turn stock that you own into income without losing part of your investment to capital gains taxes.

 

  • You have a vacation home that you rarely use.

 

  • You have a life insurance policy that has outlived its purpose.

 

  • You would like to gift your home but continue to live in it during your lifetime.

 

  • You want to provide income for a parent or another loved one in a tax advantaged way.

 

  • You want to make a significant gift but are concerned about outliving your retirement income.

 

  • You would like a predictable income stream and a higher rate than you are currently receiving on CDs and investments.

 

  • You want to increase the money you are putting away for retirement but have maxed out your contributions to your 401(k) or 403(b).

 

  • Your income in retirement does not allow you to make the gift you would like to the Graduate Center and your largest asset is your IRA or other annuity.

 

  • You want to make a major gift to the Graduate Center in your lifetime while preserving the assets that will go to your heirs.

 
All planned gifts should be discussed with your attorney, accountant, or other financial advisor to maximize the benefits to you. The Graduate Center Foundation can answer questions and help you meet your philanthropic objective.
 
For further information contact Tara McDonnell, at the Graduate Center Office of Advancement: phone (212) 817-7141 or tmcdonnell@gc.cuny.edu.