Gift Planning Guide

Build Your Planned Gift

The following information serves as a guide as you consider your gift planning options. If you have questions at any time or require help going through this process, please contact us.

First Step

Are you interested in making a current planned gift by donating assets now or designing gift for a future date (possibly as a bequest upon your death)?

  • Current Planned Gift
  • Future Planned Gift

Calculate a Planned Gift

If a life income gift is an option you are considering, please use this calculator to evaluate basic financial results of potential planned gifts including deductions, annuity rates, and income. You may also choose to submit the results of the calculations to the Office of Development by e-mail at plannedgiving@poly.edu, phone: (718) 260-3364, or fax: (718) 260-3449.

Current Planned Gift

Planned gifts are a very effective strategy for both supporting the School of Engineering and providing for you and your loved ones. The next step is to consider if you would prefer to provide a fixed income, variable income, or lump sum for yourself or other beneficiaries.

  • Fixed Income
  • Variable Income
  • Lump Sum

Fixed Income

There are two main methods to provide a fixed income through planned giving. A gift annuity creates an income stream for up to two beneficiaries per contract and the payments are guaranteed by the full faith and credit of the School of Engineering. A Charitable Remainder Annuity Trust (CRAT) distributes a fixed dollar to multiple beneficiaries with payments supported by the asset held by the trust.

Variable Income

Donors interested in an income stream that will vary based on the investment performance of the trust should consider a Charitable Remainder Unitrust (CRUT). A charitable remainder unitrust distributes a fixed percentage of the value of trust based on an annual revaluation. As the value of the trust changes over time, typically increasing, the payments from the trust will adjust correspondingly. Charitable remainder unitrusts are also very useful when donating non-liquid assets, such as real estate.

Lump Sum

Donors interested in providing a lump sum to heirs with impressive tax benefits should consider a lead trust. A lead trust will provide annual payments to the School of Engineering for a term of years designated by the donors. After the term has expired, the lead trust will terminate and all assets remaining in the trust will pass to heirs. The unique nature of certain lead trusts can provide a significant lump sum to heirs with no gift or estate tax.

Planned Giving Fund Table