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Options for Giving

DEFERRED GIFTS

Bequests

• Outright bequests, as well as certain bequests in trust, are not subject to estate taxes.
• Actual cost is less than face value of gift because of tax benefits to estate.
• Bequest can take any of the following forms:
  • Bequest of a dollar amount of particular securities or other property.
  • Residual bequest of all or portion of estate after payment of specific amounts to other beneficiaries
  • Contingent bequest to take effect if other beneficiaries die before the donor
• A bequest can often be arranged simply with the addition of a codicil amending an existing will.

Charitable Gift Annuity

• Provides a fixed income for the lifetime(s) of one or two annuitants.
• Amount paid determined by the rates recommended by the American Council on Gift Annuities.
• The older the annuitant, the higher the level of income.
• Portion of gift and income are tax deductible.

Deferred Gift Annuity

• Offers increased income and tax benefits.
• All basic features and benefits of a gift annuity.
• Income delayed until a future date chosen by donor.
• Rate of return and tax deduction dependent on length of income delay.

Life Income Trusts

• Trust assets are funds or property contributed by donor (usually $100,000 or more).
• Flexibility in type of property that can be donated.
• Real estate and municipal bonds may be used.
• Provides a fixed amount of income. (Charitable Remainder Annuity Trust)
• Provides a variable level of income. (Charitable Remainder Unitrust)

Charitable Lead Trust

• Donor provides assets for use for a limited period of time.
• Funds are invested to provide income to your institution.
• Assets returned to donor or to estate at end of designated period.
• Can fulfill a pledge while reducing estate and gift taxes that might otherwise be due on assets given outright to heirs.

Wealth Replacement Trust

• Protects inheritance interests of heirs.
• Contributes assets to your organization either outright or through planned giving vehicles.
• Using resulting tax savings, donor purchases a life insurance policy with heirs as beneficiaries.

Life Insurance

• Make your organization sole owner and beneficiary of paid-up policy.
• Receive income tax deduction for the cash surrender value of policy.
• If policy not fully paid, continue to pay premiums.
• Receive tax deduction for annual premium amounts.

Pooled Income Fund

• Operates much like a mutual fund.
• Contributions pooled and managed by investment advisors.
• Income paid to donor and second person, if desired, until beneficiaries are deceased.
• Income fluctuates based on earnings of fund.
• Immediate tax deduction for portion of gift.
• Avoids capital gains tax if appreciated securities are given.
• Gifts to Pooled Income Fund are irrevocable.

HOW TO CONTRIBUTE TODAY!

Your support is vital to our on-going mission to serve the Children of Central New York. Make a gift on our secure on-line site using a MasterCard or Visa credit card.

...or download: PLEDGE FORM text

When contributing to the Golisano Children's Hospital—
If you would prefer to mail in your contribution, please download PLEDGE FORM and send to the Foundation.

Upstate Medical University Foundation
Eileen M. Pezzi
Vice President for Development
pezzie@upstate.edu
750 East Adams Street
Syracuse, New York 13210

Phone: 315 464-4416