Gift of a Lifetime
Barry Feirstein, '74, is an active member of the Board of Trustees of the Brooklyn College Foundation (BCF) and highly regarded in the investment world. Barry established a BCF Charitable Gift Annuity (CGA) because he saw that an investment in the CGA program would allow him to merge two big priorities in his life – providing for his parents and supporting Brooklyn College.
"My Parents and Brooklyn College created the opportunities that helped me succeed,' Barry observed. “I’ll always be grateful, and I'm excited to give back to two of the most profound influences in my life. As an investment manager, I recognized the tremendous opportunity the Brooklyn College gift annuity program provides.”
"Through this gift, I'm ensuring that my parents have guaranteed income for their lifetimes (a large portion of which is tax free), and eventually, a significant gift to the College while allowing me a major tax deduction. What a great·win-win-win' situation! My parents' support and encouragement helped me obtain a top-flight education at Brooklyn College, and now that education allows me to give back to both of them.”
Barry chose a creative way to utilize a CGA to help loved ones and himself – as well as Brooklyn College. There are many ways to take advantage of this flexible vehicle. You can use it to provide tax-favored income for yourself or your loved ones while reaping a significant tax deduction. You can receive quarterly payments immediately (if you're over 60) or can defer payments to generate even greater income. The payments are backed by the full faith and credit of the Brooklyn College Foundation.
Please join our growing Legacy Society, a group of friends like Barry Feirstein. You will play a vital role in securing the future of your alma mater by making a provision for Brooklyn College in your estate plans.