What the Unsettled Economy Means for Your Giving
You’ve likely heard the phrase “uncertain times” before when the economy was unpredictable. It’s something many of us are now hearing again.
We know your commitment to Culinary Institute of America remains steadfast. But we also respect that in moments like these, you want to make sure your financial future stays strong.
The good news: You don’t have to choose between the two. In fact, you have several gift options that can make an impact at CIA while you protect yourself and your loved ones.
Gifts That Require No Money Today
A gift in a will or trust: It takes as little as one sentence in your will or living trust to support us after your lifetime.
Beneficiary designations: Name Culinary Institute of America as a percentage beneficiary of a retirement account or life insurance policy.
Gifts That May Offer Tax Benefits
Donor advised fund (DAF): Add funds to an existing DAF or open a new one to qualify for a tax deduction. Ready to make an impact? Recommend a grant (or recurring grants) to support CIA.
A gift from your IRA: If you are 70½ or older, you can give from your IRA directly to Culinary Institute of America without paying income taxes. If you are required to take minimum distributions, you can use your gift to satisfy all or part of your obligation.
Appreciated stock: Despite market volatility, if you have held stock for at least one year that has risen in value, you could donate it, qualify for an income tax deduction and eliminate any tax on the appreciation.
A Gift That Pays You
Charitable gift annuity: You make a gift to CIA and receive fixed, reliable income/payouts for life in return, regardless of what happens in the markets.
We’re Happy to Help
For guidance on the best ways to leave a legacy at Culinary Institute of America, reach out to Brad Whitmore at 845-905-4277 or b_whitmo@culinary.edu. We’d be happy to explain the many options available to you.