Philanthropy at Wagner College takes numerous forms. While many individuals make current or outright gifts (such as a gift to the annual fund or to a specific capital project), others choose to defer their support until a specific point in the future or their death. This investment in the future of Wagner College is known as a deferred or planned gift. Some deferred gifts produce an income for the lifetime of the donors and a secondary beneficiary and most result in income tax and estate tax benefits.
Planned gifts that can be changed by the donor are known as revocable gifts. Such gifts allow the donor to retain control of an asset for his/her lifetime. These gifts often come to Wagner in the future and often provide estate tax benefits. Revocable gifts include bequests by will, gifts from IRAS and pension plans and some gifts of life insurance.
Gifts that cannot be changed, or rescinded, by the donor are known as irrevocable gifts. These include some gifts of life insurance, charitable gift annuities, charitable remainder trusts, charitable lead trusts, and retained life estate. Irrevocable gifts involve an immediate transfer of assets to benefit Wagner at a specific time in the future, or upon the death of the donor or/ and his/her secondary beneficiary. In many cases, the donor receives an immediate income tax deduction, annual income and capital gains and estate tax benefits.
We hope that you will find this, the accompanying Tools of Gift Planning , and other pages and features of the Wagner College Gift Planning site informative, helpful and, yes, inspiring.
