Bequests, Trusts & Annuities
Bequests
| Annuities
Proper estate
planning ensures the financial security of your family
and the distribution
of your estate to those causes you wish to
support. An important source
of funds for Hunter, planned gifts support
all areas crucial to the
college, including scholarships, fellowships,
department funds, library
funds, and programs. For many donors, a
planned gift is the most realistic
way of making a significant gift to
Hunter College and provides the
satisfaction of making an enduring
investment in future generations
of Hunter students. For more
information about planned giving opportunities
at Hunter College,
please contact the Office of Planned Giving at
(212) 650-3607.
Bequests
Bequests are the most common and traditional way to provide
significant
help to improve and maintain programs at Hunter College.
You may add
a simple codicil to your will to create a bequest for
Hunter College.
A gift in a will of cash, stock or other marketable
property may be
made outright or in a trust. The assets transferred
will be removed
from your estate, potentially reducing your estate
taxes. The following
sample language can be used to fulfill your
charitable objectives:
General Bequest:
I give, devise and bequeath to The
Hunter College Foundation, 695
Park Avenue, NY, NY
10065 the sum of $ ________ (or other specific
marketable property) for the benefit of Hunter College.
Percentage
Bequest: I give, devise and bequeath to
The Hunter College Foundation,
695 Park Avenue, NY,
NY 10065 __________ % of my gross estate for
the
benefit of Hunter College.
Residuary
Bequest: I give, devise and bequeath to The
Hunter College Foundation,
695 Park Avenue, NY, NY
10065 the rest, residue and remainder of
my estate for
the benefit of Hunter College.
Charitable
Gift Annuities
You can make a gift for the future benefit of Hunter College while
retaining lifetime payments for yourself and/or other beneficiaries.
A
charitable gift annuity is an agreement between you and the Hunter
College Foundation that enables you (and/or another beneficiary) to
receive an annual fixed income for life through your contribution
of
cash or stock to Hunter. Tax benefits are many. You receive an
immediate income tax deduction for a portion of the gift, part of
each
annuity payment is tax-free, capital gains taxes can be deferred,
and
the value of your gift can reduce your estate taxes. Upon your
death,
the remaining part of your gift is used by the Hunter College
Foundation to ensure the future of Hunter College’s programs
and
services.
