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Deferred-Payment Gift Annuity

Deferred-Payment Charitable Gift Annuity Diagram. Description of image is listed below.

How It Works

  1. Transfer cash or other property to NYU
  2. NYU agrees to make payments for the life of one and up to two annuitants (payments are backed by our entire assets)
  3. The balance of the transfer inures to NYU

Benefits

  • Payments for life that are favorably taxed
  • When gift is funded with cash, part of payment will be tax-free
  • When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
  • Federal income-tax deduction for a portion of your gift
  • Gift will provide generous support for NYU

 

The information contained herein is offered for general informational and educational purposes. The figures cited are accurate at the time of writing. State law may affect the results illustrated. This is not legal advice. Any prospective donor should seek the advice of a qualified estate and/or tax professional to determine the consequences of their gift. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.

 

Contact Us

Meryl R. Cosentino
Assistant Vice President
Gift Planning, Trusts & Estates
Phone: 212-998-6960
Email: meryl.cosentino@nyu.edu

New York University
70 Washington Square South
New York, NY, 10012
Federal Tax ID#13-5562308

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