CHARITABLE REMAINDER TRUSTS

You may make a future charitable gift to NYU Langone Medical Center by irrevocably transferring cash, marketable securities, or other property, such as real estate or artwork, to a trustee. The trustee may be a bank or other financial institution, a trusted individual, or yourself.

The trustee manages the investment of the assets and pays an income to you, your designated beneficiaries, or both. The income payments continue for your lifetime or your beneficiary’s life (a spouse, child, or other heir), or alternatively, for a term of up to 20 years.

• There are two basic types of Charitable Remainder Trusts:

1. A Charitable Remainder Annuity Trust provides a fixed income stream based on the value of the trust when it is initially established. You may not make additional contributions to an Annuity Trust.

2. A Charitable Remainder Unitrust provides a variable income (a fixed percentage) based on an annual valuation of the assets in the trust. You may make additional contributions to a Unitrust.

• You choose the rate you will receive, generally between 5% and 7%

• The minimum amount required for a charitable remainder trust varies according to the financial institution handling the trust.

• Upon the trust termination date, the remaining principal will be used by NYU Langone Medical Center to support the general purposes of the institution or a patient-care, education, research program or capital project you have specified.

• If you use appreciated securities, real estate, or tangible personal property to fund your charitable remainder trust, you will avoid paying capital gains taxes at the time of the gift.

We will be happy to discuss with you and your advisor the type of planned gift that may best to accomplish your goals, based upon your individual circumstances. For more detailed information about Charitable Remainder Trusts, please contact the Office of Gift Planning by phone at 212-404-3653 or 800-422-4483, or by e-mail to: plannedgiving@med.nyu.edu.