There are several types of planned gifts you can make to Harvard Law School, depending on your personal estate planning and tax planning needs.
Bequests, Trusts, and IRAs
Testamentary gifts by will, by inclusion in trusts, and by beneficiary designation in IRAs provide important support for Harvard Law School and ensure its long-term financial strength and ability to lead in the research, practice, and teaching of law.
Blended gifts simply refer to a combination of giving strategies—often, a current donation combined with a gift designed to be executed sometime in the future. No matter which gift options are selected, you choose which assets to give and when to give them. Each type of asset can have a different impact on taxes as well as on personal planning, goals, and needs.
A gift annuity is an irrevocable contract in which Harvard promises to pay you a certain sum annually in exchange for your gift. This sum can be designated to up to two beneficiaries.
At the end of your lifetime — and that of the second beneficiary if there is one — the remainder of your gift will go to Harvard Law School. You can designate your gift to a particular priority at Harvard Law School, such as unrestricted funds, scholarship funds, clinical chairs and professorships, or special-purpose funds.
Charitable Remainder Trusts
Charitable remainder trusts are a wonderful way to make a gift while preserving or creating an income stream for yourself from the donated assets. They also allow you to diversify income sources while reinvesting 100% of the amount contributed to your trust because the trust is tax-free and results in finding assets free of capital gains tax.
Charitable Lead Trusts
Charitable lead trusts are a wonderful way to make current gifts to Harvard Law School while creating a way to transfer assets to your heirs in the future or, in some circumstances, having the assets revert to you.
Gifts of Appreciated Securities
By donating appreciated securities to Harvard Law School, you not only avoid paying capital gains tax but also receive a full fair market value tax deduction for your gift. Additionally, Harvard Law School avoids capital gains tax when it sells your donated securities, enabling us to utilize the entire amount of your gift for the purpose you designate.
The gift calculator below will allow you to test out different planned giving scenarios. Click on “Personalize This Diagram” to choose the gift type you are interested in and fill in other details, then click “Submit” to see the results.
For questions or requests for more information, please contact Charlie Gordy at (617) 496-9265 (direct) or firstname.lastname@example.org.