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 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.”

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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