PRINCETON generations

Ideas and Strategies from the Office of Gift Planning at Princeton University

AG Legacy: Major Impact for You and Princeton

Nassau hall tiger with AG logo

You can make a significant gift to Annual Giving — for your 50th, 55th, 60th, 65th major reunion or beyond — while providing yourself and/or your beneficiaries an income stream.

Princeton’s Annual Giving Legacy program enables alumni to obtain AG major reunion class credit for life income gifts at the requisite level, starting with the 50th reunion.

“The Annual Giving Legacy program is a convenient way to give a substantial gift to Princeton that doesn’t involve an immediate outflow of cash for those with an established charitable remainder trust or a gift annuity,” says Stephen Beckwith ’64.

Gifts with a credit value of $100,000 or more, made through a charitable trust or a charitable gift annuity, are eligible. These gifts can be made in installments and in advance of a major reunion allowing you to spread the deduction over multiple tax years.

Both charitable remainder trusts and charitable gift annuities allow you to donate cash or appreciated assets (including real estate) and receive payments for life or a term of years.

A charitable gift annuity provides guaranteed fixed lifetime payments to you and/or your beneficiaries age 65 or older. A charitable remainder unitrust provides variable payments based on the market value of the trust and has more flexibility in terms of ages and number of beneficiaries. A charitable lead trust makes annual distributions to Princeton for a term of years, after which the trust principal passes to your heirs or back to you.

Donors choose these trusts to achieve charitable goals and to remove assets from their estate and benefit heirs with reduced (usually zero) gift and estate taxes. The remaining principal from your charitable remainder trust or charitable gift annuity, or the distributions from your lead trust, ultimately will generate funds to support Princeton in perpetuity as part of your class’s Annual Giving endowment fund or as an endowment fund in your name — you choose how your permanent legacy gift will be forever recognized at Princeton.

One ’71 alumnus who is making an AG Legacy gift explains it this way: “To say ‘thank you’ to my alma mater in a way that assists the continuation of one of the most precious experiences of my life is a gift I give to me. There were those before me who gave to Princeton and paved the way for me to have great, foundation-solidifying experiences for life, for which I am forever grateful.”

2 comments on “AG Legacy: Major Impact for You and Princeton

  1. Maria LoBiondo
    April 21, 2021

    Thank you for your comment. Princeton is committed to providing a welcoming and inclusive community, which includes ensuring that its information technology supports and encourages participation by a broad range of people. The University follows the highest standards for digital accessibility. You can learn more about these efforts here: https://accessibility.princeton.edu/
    Additionally, the AccessAbility Center opened in 2017 is a student gathering space on campus designed for universal access and intended to foster conversation about ability, access and difference. Read more here:

  2. Dr jk lipner
    April 20, 2021

    My late daughter, Mia Lipner ’90, thanks to Princeton, administration, faculty, and classmates, became a trailblazer in providing internet accessibility to people of all backgrounds and demographics with vision challenges.
    Her frustrating intangible as a blind professional was because she was so good at her specialization (and well compensated) that she was type cast in her specialization and never got her chance to fly or given the opportunity for upward mobility in management in both the public and private sector.

    Are there any Princeton initiatives to address this issue for current and future physically graduates?

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This entry was posted on March 25, 2021 in SPRING 2021.

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Photos courtesy of Raymond Hartman '69, and Daniel Schwartz '72