Who Are Our Planned Giving Donors? Supporters Like You!
When thinking of a legacy gift to a charitable institution, a gift through a will often comes to mind first. Bequests are vital when distributing assets to the people and causes you care about, but there are many versatile, tax-wise, and flexible options for setting up a planned gift to NYU Stern. Featured here are a few of the ways Stern alumni have made a lasting statement of their generosity through planned gifts and, in turn, will influence the future of Stern and impact student lives.
Charitable Gift Annuity
Charles C. Walden (MBA ’72) and Margaret C. Walden
What motivated you to support Stern?
After securing an entry level position in the pension asset management division of Banker's Trust, I decided to pursue an MBA and was fortunate to be admitted to Stern. The curriculum helped me a great deal in developing my investment skills and supplementing the study materials for the CFA program. My Stern experience played an important role in my career development, eventually leading to a CIO position with a life insurance company.
Why did you choose to set up your gift as a charitable gift annuity (CGA)?
For many years I have given modest amounts to Stern. However, when I read a June 2023 piece in the Wall Street Journal that described a new provision in the Secure 2.0 Act for those 70 ½, I decided to seize the opportunity to fund a CGA using a qualified charitable distribution (QCD) from my IRA. Through the CGA, not only would my wife and I receive regular payments for life, but another big positive was that the QCD that funded this CGA counted towards my required minimum distribution (RMD) for the year.
About a Charitable Gift Annuity: With a charitable gift annuity you agree to make a gift to NYU Stern and the School, in return, agrees to pay you a fixed amount each year for the rest of your life. Payments depend on your age at the time of the donation. The balance is used to support our work.
Beneficiary through IRA
Marsha Kublall (CAS ’99, MBA ’10)
What motivated you to support Stern?
Obtaining my MBA from Stern was critical to my professional growth and success, enabling me to execute a difficult career pivot during a historically challenging job market. I also met so many inspiring individuals during my time at the School, including two of my absolute best friends. As a scholarship recipient myself, I understand how such a gift can profoundly change the life of someone you may never meet but who will be forever grateful for your generosity. It’s important to me to pay that gift forward as best as I can.
Why did you choose the option of making Stern a beneficiary of your IRA?
I've always known I wanted to include a gift for Stern and NYU in my estate plan, but I wasn't sure how to do it. After speaking to a member of Stern's Annual Giving team, I learned about the specifics of the planned giving option of making Stern a beneficiary of my IRA and how easy it is to establish a gift. I specifically chose to fund my gift via my IRA because it's a tax-efficient method and very straightforward to set up.
About a Beneficiary Designation: To name NYU Stern as a beneficiary of your IRA, life insurance policy, or Donor Advised Fund, start by requesting a change-of-beneficiary form from your policy administrator or download the form from your provider's website.
Charitable Remainder Trust
Edward Fox (MBA ’75), Former member, Stern Executive Board
What motivated you to support Stern?
During my time at Stern, I had the opportunity to learn from incredibly talented scholars and curious, intelligent students, and it gave me an even greater appreciation for the value of education. My Stern MBA also provided me with foundational support in finance, investments, and accounting.
Why did you choose to set up your gift as a charitable remainder trust (CRT)?
I view the charitable life-income gift as a strategy that provides philanthropic support for Stern while keeping in mind my own financial and tax circumstances. This type of gift enables me to give back and seek a benefit for myself in a way that works out best for the School and my family.
About a Charitable Trust: If you have built a sizable estate and are looking for ways to receive reliable payments, consider a CRT. This type of irrevocable trust provides you or other named individuals income each year for life or for a period not exceeding 20 years. At the end of the trust term, the balance in the trust goes to NYU Stern.
Learn more about planned giving options at Stern—from gifts that will pay you income during your lifetime to tax-efficient investments in your and Stern’s future by contacting us at plannedgiving@stern.nyu.edu or 212-998-4161.