Planned Giving Options
There are many ways you can make a planned gift to Pratt, and each is associated with distinct benefits that allow you to meet your financial goals. Are you interested in receiving fixed payments now? Are you concerned about reducing estate taxes for your heirs? Do you want to avoid capital gains taxes on your property? The following chart shows how you can tailor a planned gift to fit your needs.
Choose This Option: To Receive These Benefits:
|Bequest||Reduce your estate tax|
|Name Pratt as a beneficiary on your life insurance policy||Receive a current tax deduction and possible future tax deductions|
|Name Pratt as a beneficiary in your retirement plan||Minimize taxation on retirement plan assets|
|Appreciated Securities and Real Estate||Avoid capital gains taxes on the sale of certain assets|
|Charitable Gift Annuity||Receive income tax deductions now and receive fixed payments during your lifetime|
|Charitable Remainder Annuity Trust||Receive a current tax deduction and fixed payments for life|
|Charitable Remainder Unitrust||Receive immediate income tax deductions and payments for life that have the potential to increase|
|Charitable Lead Trust||Reduce taxes on your estate for your heirs|
|IRA Rollover||Avoid income taxes on IRA distributions|
In addition to meeting your financial needs, planned gifts of certain amounts can also advance an area at Pratt that matches your greatest interests. Do you want to provide for future architects? Do you want to further Pratt's chemistry and art curriculum? Do you want to enhance Pratt's landmark campus or help to fortify its endowment? The possibilities are practically limitless.
“As a working artist who wanted to express my gratitude for my Pratt education, I found a planned gift to be a great option to significantly contribute in a way that worked for me.”—Victor Carnuccio, artist, BFA ’79