You
may want to make a substantial gift to Barnard but feel you
cannot afford to give up the income generated by the assets
you would like to donate, or perhaps you have assets producing
an unacceptably low income. By making a life income gift,
you are able to make a capital commitment to the College and
retain an income for yourself and/or a loved one for life
or a term of years. At the end of the term of the arrangement,
the assets are distributed to Barnard, usually for unrestricted
use.
Life income
arrangements come in various forms, but they all offer a number
of important benefits:
Life
income for you and/or another beneficiary you may choose
A sizable
income tax charitable deduction
The
gift assets are removed from your estate, reducing estate
taxes and probate costs
All
Barnard life income plans are professionally managed at
no cost to you
You
will likely find that you are able to make a more generous
gift than you first thought
If you
fund your gift with appreciated securities, you will
realize additional benefits:
Income
from the plan usually exceeds yields on blue-chip stocks
and CD's
You
may donate long-term appreciated property and "unlock" these
assets
Capital
gains taxes are eliminated or significantly reduced
You
may want to make a substantial gift to Barnard but feel you
cannot afford to give up the income generated by the assets
you would like to donate, or perhaps you have assets producing
an unacceptably low income. By making a life income gift,
you are able to make a capital commitment to the College and
retain an income for yourself and/or a loved one for life
or a term of years. At the end of the term of the arrangement,
the assets are distributed to Barnard, usually for unrestricted
use.