Gift Planning Benefits You,
Your Family, and Cornell
Dear Friend,
Supporting Cornell is a wonderful thing. Gaining immediate benefits from your generosity while increasing the impact of your giving is even better. By working with a Cornell professional advisor in the Office of Trusts, Estates & Gift Planning, you can create a plan to meet your personal and philanthropic goals. Your personalized gift plan can help to meet individual needs, secure your family's future, and strengthen Cornell—all at the same time.
Integrated into your overall financial plan, gift planning enables you to make a significant impact on the university without committing up-front cash while you reap numerous benefits:
Earn Income, Pay Fewer Taxes, Secure Your Retirement
A life income agreement allows you to make a gift to Cornell University while retaining income for you and/or someone you designate. The income may be fixed for life or vary with investment performance. Part of the income may be tax-free, and you may avoid capital gain taxes on gifts of appreciated property. You’ll earn an income tax charitable deduction for a portion of your gift.
Enhance Your Net Estate
Your family may benefit from certain charitable opportunities that help to reduce or eliminate gift and estate taxes on the transfer of your assets. You can essentially “loan” estate assets and allow Cornell to receive the income for a period of time. Or you may wish to avoid the substantial (up to 80 percent) taxes that may diminish the value of retirement plan balances when they pass to heirs.
Create a Personal Legacy
You can express your enduring support for Cornell’s mission of teaching, research, and public service by making a gift at your death through your will, retirement plan, trust, or life insurance policy. You may reduce your estate taxes by doing so.
Get More From Your Real Estate
The Office of Trusts, Estates & Gift Planning has financial advisors with significant experience with gifts of real estate. You could avoid substantial capital gain taxes, property taxes, and probate expenses by making a gift of real estate. You can also designate Cornell as the succeeding owner of your home or farm, continue to enjoy the property during your lifetime, and earn a sizable tax deduction now.
Thousands of alumni and friends enjoy the benefits of including Cornell in their financial or estate plans. Please use these pages to explore the opportunities available to you and get to know our friendly, highly skilled staff. Then give us a call, send e-mail, or request more information. We’re happy to assist you.
Chip Bryce ’81
Director, Office of Trusts, Estates & Gift Planning
1.800.481.1865
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