Life Income Plans

Among the life-income plans are Charitable Gift Annuities, Deferred Gift Annuities,Charitable Remainder Unitrusts, and Charitable Remainder Annuity Trusts. While all of these instruments provide a charitable tax deduction and lifetime income, each have different elements. For example, with the Annuities, the income is limited to two individuals while with the Trusts, there can be several income beneficiaries

Gift Annuities:

Gift Annuities are agreements between a donor and The University at Albany Foundation
by which the donor makes a gift to the Foundation and, in turn, the Foundation makes fixed, lifetime annual payments to one or two named income beneficiaries. There are two types of
Gift Annuities that are offered by UAlbany.

Charitable Remainder Trusts:

Charitable Remainder Trusts are tax-exempt accounts established to receive and manage gifts designated to provide income to one or more individuals with the "remainder" going to UAlbany or other qualified charitable entity. The account is managed by a trustee, which can be the donor although often the trustee is a financial institution or experienced individual or firm. Preparation of the trust document is generally done in consultation with attorneys who specialized in estate planning. There are two general types of such trusts.

 

Information provided is not intended to be estate, tax or financial advice. We recommend that you seek professional counsel on such issues from your attorney, accountant, or other financial advisor.  

Investing in students - Lawrence and Marie Shore Life Sciences Graduate Student Scholarship

Lawrence and Marie Shore Life Sciences Graduate Student Scholarship:
2011-12 Shore Scholars, Erica Hutchins and Kevin Liu explore Life Sciences with Biological Sciences Professor Ben Szaro.