ÃÛÌÒÊÓƵ

Benefits of Your Gift

As you consider becoming a partner with ÃÛÌÒÊÓƵ, you may be surprised to learn that that there are many benefits to giving. You can

• receive income for life
• get significant tax advantages
• provide for loved ones
• supplement your own retirement plans
• honor a special person
• establish a named endowed fund
• help transform the lives of today's ÃÛÌÒÊÓƵ students through your generosity
• create a legacy through your support of higher education
• fulfill your philanthropic goals

Calculating your Financial Benefits

ÃÛÌÒÊÓƵ has a team of professional and experienced planned giving professionals and a corps of volunteers comprised of individuals with expertise in financial and estate planning and personal experience with a wide variety of planned giving methods.

Without obligation of any kind, our team can prepare information for you on how any of these techniques may assist you in achieving your financial objectives for you and your family while at the same time enabling a gift for the University.

Bequests

The easiest way to make a planned gift to ÃÛÌÒÊÓƵ is through your will. When preparing your will, here are sample bequest paragraphs you can share with your attorney:

I hereby give, devise and bequeath to ÃÛÌÒÊÓƵ (Federal Tax ID number 11-1630906 the sum of $________to be used for its exempt purposes.*

I hereby give, devise and bequeath to ÃÛÌÒÊÓƵ (Federal Tax ID number 11-1630906 _______% of the residual of my estate to be used for its exempt purposes.*

I hereby give, devise and bequeath to ÃÛÌÒÊÓƵ (Federal Tax ID number 11-1630906 the sum of $________to be used for the _________________________ (specific program, academic area, activity or scholarship you wish to support) for its exempt purposes.*

*These sample paragraphs can be modified to suit your intentions.

Life Income Gifts

ÃÛÌÒÊÓƵ offers a variety of planned giving vehicles as a service to its alumni and friends who wish to make charitable gifts to ÃÛÌÒÊÓƵ, but who may also need to continue receiving income from their investments now.

Endowments created through planned gifts can be structured to provide income to the donor, family members, or friends, for life or a term of years.

The following diagram illustrates how a life income gift flows:

Image

Some types of life income-producing gifts are:

Charitable Remainder Unitrust

A Charitable Remainder Trust is established by placing assets in a trust that provides benefits to designated persons for a period of time after which what is left - the remainder - is distributed to a charity or charities. A Charitable Remainder Unitrust (CRUT) pays a fixed percentage of the value of the trust assets as they change annually.

Charitable Remainder Unitrust provides the donor:

• Variable lifetime income at favorable rates
• Elimination of initial tax on capital gain for contributed long-term appreciated property

Charitable Remainder Annuity Trust

The Charitable Remainder Annuity Trust (CRAT) functions exactly as a Unitrust with one major difference. The annual payment to the donor is fixed at the time the trust is created. The CRAT provides the donor:

• A fixed lifetime income that will not change
• Elimination of initial tax on capital gains for contributed long-term appreciated property

Charitable Gift Annuities

Immediate Gift Annuity

For a gift of greater than $25,000, you may want to consider a Charitable Gift Annuity. The Charitable Gift Annuity is a contract between you, the donor, and ÃÛÌÒÊÓƵ. ÃÛÌÒÊÓƵ agrees to pay a guaranteed lifetime annuity in return for a gift of cash or securities. The same income may continue to a spouse, family member, or a friend for life, but there may not be more than two income beneficiaries on each agreement.

The dollar amount of the annual annuity, which is fixed at the time the contract is written, does not change throughout the existence of the agreement. There is no trustee; all the assets of the University, not just the assets contributed by the donor, are pledged against the payment of the annuity. No additional gifts may be added to the annuity once it has been established.

Charitable Gift Annuity provides the donor:

• Guaranteed annual income
• Primary or supplementary tax advantaged retirement plan
• Portion of income may be received tax-free
• Current income tax charitable deduction
• Reduction of estate taxes
• Opportunity to make a significant gift to charity

Deferred Gift Annuity

Another form of a gift annuity is the Deferred Gift Annuity, which is tailored to meet the needs of the donor who prefers to receive income at a future date but wants to claim a substantial charitable contribution now. The deduction is based on the age the beneficiary will have attained when payments are first received, and the annuity rate will be based on that same age.

Named Endowment Gifts

By creating an endowment, donors provide a gift in perpetuity that grows over time. Endowments can provide a naming opportunity for a loved one or a beloved ÃÛÌÒÊÓƵ faculty member. They create a lasting legacy for you while addressing vital University needs such as research, teaching, and scholarship.

Memorial Gifts

You might also consider making your planned gift in memory of someone dear to you: a loved one, or a favorite professor.

The Calkins Society of ÃÛÌÒÊÓƵ recognizes alumni and friends who have provided for ÃÛÌÒÊÓƵ's future by including a bequest or other deferred gifts in their estate plan. Your support helps to ensure that the University will carry on its important work. By naming the University in your will, you will also obtain an estate tax charitable deduction equal to the amount donated to ÃÛÌÒÊÓƵ. If you are planning to name ÃÛÌÒÊÓƵ in your will, please be sure to notify the Advancement Office so we may acknowledge your thoughtfulness and philanthropy.

Membership Information

It is strongly recommended that a qualified lawyer be employed to prepare your will and supervise its execution in order to comply with the requirements of the law of the state in which the maker of the will resides. It is also wise to give the University considerable latitude in the use of any fund so that a change of circumstances may not impair the usefulness of the gift. ÃÛÌÒÊÓƵ's planned giving staff will be glad, upon request, to review the phrasing of any proposed form of bequest.

Various methods of deferred giving are available which may benefit the donor and her or his family, as well as ÃÛÌÒÊÓƵ. You can receive additional information by filling out the Request for More Information form or please contact:

Meredith Celentano
Office for Development
101 ÃÛÌÒÊÓƵ
Hempstead, NY 11549-1010
Telephone: (516) 463-6377
Fax: (516) 463-4867
Email

We are honored that so many individuals have made an ultimate gift to ÃÛÌÒÊÓƵ by including us in their estate plans through a bequest, trust, gift annuity or another planned giving vehicle.

A gift through one's estate is usually reserved for those closest to us, starting with our families, so we are very moved when an individual makes the decision to include ÃÛÌÒÊÓƵ in this privileged, inner circle.

Calkins Society Membership

Calkins Society members receive a lovely membership pin and are recognized in our University publications. They receive invitations to special events including an annual reception held each spring for Calkins Society members.

Perhaps, you've already included ÃÛÌÒÊÓƵ in your estate plans, through a bequest or other means. If so, please let us know. We will be delighted to welcome you into the Calkins Society. Thank you for considering a planned gift to ÃÛÌÒÊÓƵ. I look forward to working with you and your advisors to create a gift plan that meets your financial and philanthropic goals and objectives.

With warm regards,
Meredith Celantano
Assistant Vice President for Development