Giving Options

Different types of planned gifts are appropriate for specific purposes and certain assets are suitable for particular structures of gifts. Please refer to our planned gift asset chart for further information.

Bequests are a vital part of the School of Engineering's planned giving program. Many donors, after evaluating their family and philanthropic goals, make bequests to the School of Engineering to help support its many programs through their wills, trusts, insurance or retirement plans.

Life Income Gifts benefit both the School of Engineering and donors. Donors can receive numerous tax and financial benefits by creating a life income gift, such as a charitable gift annuity or charitable remainder trust. The donor makes an irrevocable contribution of assets to fund the trust or annuity, may claim an immediate income tax deduction for part of the contribution's value, and also receives income for life or for a fixed term of years. When the trust or annuity term ends, the remaining assets can be directed to support programs at the School of Engineering.

Retirement Plan Gifts

Life Insurance Gifts

Charitable Lead Trusts can make an agreed payment to the School of Engineering for a specific term of years or for someone's life. Thereafter, the lead trust assets are either returned to the person who created the lead trust (this person also receives an income tax deduction when the trust is created) or passed on to children, grandchildren or other loved ones (applicable estate or gift taxes on the value of the gift to the child or other heir are reduced or completely eliminated).

Real Estate Gifts can provide funding for life income gifts or establish a retained life estate. If you are considering making a gift to the Institute through real estate, please contact the Office of Development at (718) 260-3364 or email plannedgiving@poly.edu.

Outright Gifts of Tangible Personal Property (assets other than cash and publicly traded securities) can have differing tax consequences depending upon how long that asset has been held and whether it is related to the charitable purposes of the Institute. These questions should be evaluated prior to making the gift. The Office of Development can help assess and direct a gift of tangible personal property, privately held securities, or real estate so that it meets your philanthropic goals.