
Gifts of Cash
An outright gift of cash by a donor, for which the donor receives an income tax deduction as prescribed by the current law. Pledging a gift over five years may allow one to make a more substantial gift while affording one the opportunity to adjust the timing and amount of each payment to achieve the most beneficial tax treatment.
Gifts of Appreciated Publicly Traded Securities
A gift of stocks or bonds which are or will be readily marketable. The deduction for outright gifts of appreciated long-term securities (held more than 12 months) is equal to the value of the securities on the date the donor relinquishes control of the assets to the campaign office, and none of the appreciation is taxable for capital gains purposes. The donor may obtain an immediate tax deduction up to 30% of their adjusted gross income.
Gifts of Closely Held Stock
A gift of stock of a private corporation. The donor may avoid capital gains on appreciation of closely held stock, while attaining a tax deduction based on the stock’s fair market value. As with publicly traded stock, the donor may obtain an immediate tax deduction up to 30% of their adjusted gross income.
Gifts of Real Estate / Tangible Property
Property may be donated outright once approved by the Development Committee. An immediate tax deduction is available and capital gains taxes may be avoided.
Bequests
You may decide to make a gift to Brooklyn Law School through your will or living trust. If so, you will become a member of
The Legacy Society, a group of extraordinary graduates and friends who have made the Law School a beneficiary of their estates. Should you decide to remember Brooklyn Law School this way, please let us know, so that we may recognize your generosity. Please call us for suggested language in your documents, so that we can ensure that your gift will be directed as you intend.
Planned Giving
Planned gifts are critical to the Law School. They help us build endowment, fund capital improvements, and underwrite projects of particular importance to the Law School. Such gifts can take many forms. In addition to bequest intentions, they include charitable remainder trusts, retained life estates, charitable lead trusts, and gifts of life insurance or retirement plan assets. This form of giving may result in substantial tax benefits to you and your heirs. Please call us for more information about how planned giving may benefit you and the Law School.
More Information
For more information on these and other opportunities, please contact the Office of Institutional Advancement at (718) 780-7966.
Notice
All gifts are tax deductible to the extent provided by law. This publication provides general information only and is not intended to provide legal or tax advice. You should contact your attorney, accountant or financial advisor for such advice.
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