Development and Alumni
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A charitable remainder trust combines charitable giving with other financial goals, including life or long-term income with a payout rate of 5% to 7% and capital appreciation. You can establish a charitable remainder trust with a gift of $100,000 or more funded with
cash, stocks, bonds, or real estate. The trust will pay you either a fixed amount (annuity trust) or a percentage of the trust income (unitrust). Upon termination of the trust, New York Medical College will use the property remaining for the purpose you have specified.Unitrust: income fluctuates annually with the fair market value of the trust.
Annuity trust: income payments are fixed and determined when the gift is made, which is attractive to individuals who wish to avoid risk.
Advantages of a Charitable Remainder Trust
• You will receive income for life or for a specified term of years.
• If you make your gift with low-yielding securities or other assets, you may actually
increase your current income.
• If you make your gift with appreciated securities or other assets, you may avoid
capital gains taxes.
• You will receive an immediate income tax charitable deduction.
• You may reduce your estate tax.
• You will have the satisfaction of supporting NYMC.
• And you will be invited to join the Legacy Society.
More information
To request brochures, specific gift examples, or other information, call 914-594-4550, send an email to the University Development Office at development@nymc.edu, or write to:
New York Medical College
University Development
Valhalla, NY 10595
We will work with you and/or your advisors to ensure that after your lifetime your gift benefits an area of the College that is important to you.
The New York Medical College Planned Giving pages are intended to provide general information, not legal or tax advice about specific situations or problems. Donors are encouraged to consult a lawyer or accountant for legal or tax matters.