In addition to supporting the mission of the Brooklyn College Foundation, a planned gift can provide substantial tax advantages, especially on gifts of stocks and real estate. The benefits may include:
- an income tax deduction
- reduced capital gains taxes
- reduced probate costs and estate taxes
- income for life
Simply by taking advantage of incentives the IRS provides, you and your adviser can craft a gift that fits your needs as well as the needs of the Brooklyn College Foundation. Even with the increased standard deduction in the tax law that became effective in 2018, an immediate income tax charitable deduction resulting from a planned gift may lead to itemizing deductions and greater tax savings. A planned gift benefits you, your loved ones, and the foundation.
We are committed to helping fulfill your wishes. If you have any questions, please contact:
Gregory Fabiano
Major and Planned Gifts Officer
Brooklyn College Foundation
718-951-5000 ext. 2531
gregory.fabiano@brooklyn.cuny.edu