Charitable gifts that pay an income, such as charitable gift annuities and charitable remainder trusts, allow for gifts to the Bloomberg School while providing substantial financial benefits for the donor. A variety of these gifts can provide income to one or more beneficiaries, either for a term of years or their lifetimes, with the remainder to be used by the Bloomberg School. These gifts can be funded with cash, appreciated securities, or real property. In most cases, the income produced by the planned gift is more substantial than the income generated by the original asset. The donor receives a charitable income tax deduction for a portion of the value of the gift and favorable capital gains tax treatment if the gift is funded with appreciated securities or real property. Many donors choose to name the Bloomberg School as a beneficiary of their estate. By doing so, they secure an estate tax deduction for the value of the gift, and know that their generosity will support the Bloomberg School for decades to come. An estate gift can be made through various estate planning techniques including a bequest through a will or trust or by naming the Bloomberg School as a beneficiary of a retirement plan or insurance policy. Bequests may be in the form of cash, securities, tangible personal property, or real property. Donors may specify that the Bloomberg School receive a certain amount or percentage of their estate, a particular asset or collection of assets, or the remainder of their estate after providing for other specific bequests. |
