LIFE-INCOME GIFTS

Life income gifts can provide financial security for yourself and/or a loved one while receiving a charitable income tax deduction and possible estate tax saving, and at the same provide major assistance to NYU Langone Medical Center. You and/or your beneficiary would receive income for life, after which the remaining principal is transferred to NYU Langone Medical Center to be used as you have directed.

You may arrange for current lifetime income payments for yourself, or a family member or friend, by making an immediate irrevocable life income gift. You may also establish a life income gift through your estate plan to provide for someone’s financial needs later on.

A life income gift may be particularly attractive if you have low-yielding, but highly appreciated securities—for example a growth stock paying little or no dividends but now worth much more than you paid for it. By using the stock to fund a life income gift to NYU Langone Medical Center instead of selling it yourself, you can avoid or greatly reduce capital gains taxes and increase your spendable income.

NYU Langone Medical Center offers a variety of life-income gift vehicles allowing you the flexibility to choose the one that best fits your needs.

Charitable Gift Annuities
Deferred Charitable Gift Annuities
NYU Pooled Income Fund
Charitable Remainder Trusts

We can provide individualized illustrations to show you how these different life income gifts can benefit you and NYU Langone Medical Center. If you’d like more information as to how these gift vehicles work and which may be best for you, please contact the Office of Gift Planning at 212-404-3653, or 1-800-422-4438, or e-mail at: plannedgiving@med.nyu.edu.