CHARITABLE GIFT ANNUITIES

The Charitable Gift Annuity is a simple form of life-income gift that will pay you and/or someone you choose a fixed income, part of which may be tax-free. In addition, you will receive a generous charitable tax deduction and a reduction in gift and estate taxes. Best of all, your gift will support advanced medical research, education, and patient care at NYU Langone Medical Center.

• A charitable gift annuity may be structured as either a one-life gift annuity in which you or your designated beneficiary receive the income for life; or as a two-life gift annuity that provides income to you and another beneficiary, such as your spouse.

• The minimum amount for a charitable gift annuity with New York University is $5,000. The minimum age is 60 years old.

• The annuity rate for which you, or you and your spouse/beneficiary, will qualify is calculated based upon your age(s) at the time of the gift. The older you are, the higher the annuity rate you will receive. NYU follows the rates established by the American Council on Gift Annuities.

• You will be entitled to claim a charitable deduction on your income taxes in the year you establish a CGA. The amount of your deduction is the present value of the charitable portion of your gift, determined by your age(s) and the federal discount rate in effect at the time you make your gift.

• A charitable gift annuity may be established using cash or appreciated securities. If you use securities, you may considerably reduce your capital gains tax liability.

• Upon termination of the charitable gift annuity, the remaining principal will be used for the general purposes of NYU Langone Medical Center or for a specific purpose you have designated.

Example:

For more detailed information about Charitable Gift Annuities, please contact the Director of Gift Planning by phone at 212-404-3653 or 800-422-4483, or by e-mail to plannedgiving@med.nyu.edu.