Please consider The New School and its schools and individual programs as you plan for the future and the future of your heirs. A planned gift enables you to become part of the university's commitment to its students and to society for years to come. Your gifts help maintain standards of excellence at the university, and preserve it for future generations. Imagine how your legacy will live on, supporting and enhancing the education of students and enabling them to help transform tomorrow. With a planned gift, you can make this happen. To learn more about planned giving, please contact W.M. Frankenberger III, Senior Director of Development and Planned Giving, at 212.229.5662 x2208 or email@example.com.
The easiest and most traditional way of supporting the university or its colleges and programs is through a bequest. Simply name the university or one of its divisions or programs as a beneficiary of a set dollar amount or a percentage of your estate. If you already have a will, your attorney can add a codicil to ensure that your wishes are followed without making a new will.
Trusts are excellent vehicles for estate planning. A trust will benefit both you and the university—sometimes in ways you do not expect. Trusts may protect your heirs' assets, pay for your children or grandchildren's education, or assist a family member when you are no longer available to provide for them. Trusts can be set up both to meet your own needs and support the university. You can work with your own financial advisor to set up your trust. You direct how the income is distributed, who controls the trust, how long the trust will last, and what the final disposition of the trust will be. Trusts can be established in your lifetime or through your will using almost any kind of asset.
The New School Pooled Income Fund, managed by the Bank of New York, offers you the opportunity to give a future gift to the university or one of its divisions or programs while enjoying tax benefits and regular income. A pooled income fund is similar to a charitable annuity in that it joins assets from donors and functions.
Benefits to you may include reduced income, estate, and property taxes and lower insurance or upkeep costs. You may also avoid capital gains taxes while enjoying the use of the property during your lifetime.
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