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Building a Partnership that Lasts

June 17, 2019

As a self-supporting center, we are tremendously grateful for the generosity of our supporters. As we work toward a sensible and equitable future in which medical research and practice fully consider the health of women and sex-and-gender differences, every gift counts.

For our valued friends who would like to make substantial contributions to this important work, Women’s Health Research at Yale can facilitate options to grow the size of a gift while providing significant personal financial advantages.

How does this work? I’ve asked WHRY Advisory Council member Kevin McCann to provide some guidance. Kevin is a partner in the law firm of Kahan, Kerensky & Capossela in Vernon, Conn., an expert in estate planning, and a trustee or co-trustee for private and charitable trusts. Here, Kevin has assembled an overview of how planned giving can increase a donor’s income to keep pace with inflation, avoid upfront capital gains taxes, and reduce estate tax liability, among other advantages:

Gift of Appreciated Property or Securities

Rather than selling a property and paying capital gains taxes on its appreciated value, you can donate the property to WHRY in whole or in part so that the center receives the full value to advance our mission. Meanwhile, you can receive a charitable deduction equal to the property’s fair market value.

Charitable Gift Annuity

With a minimum gift of $10,000, our institution can provide a guaranteed, fixed income to you or one or two other recipients at rates of return that often exceed the yields of CDs, treasury notes, and money market funds. Such an arrangement is backed by the total assets of Yale and includes the benefits of a charitable income tax deduction, partially tax-free payments, and reduced capital gains taxes when a gift is funded with property that has appreciated in value.

Pooled Income Fund

With a minimum gift of $10,000, individuals can combine their contributions into a single fund to maximize their gift, diversify their portfolios, and increase the lifetime income stream to donors or their designated beneficiaries.

Charitable Remainder Trust

Similar to a charitable gift annuity, this option appoints a trustee to manage the funds and pay out the annuity. At the end of the term, the remaining funds come to WHRY.

Charitable Lead Trust

Often established to prepare for retirement or provide future security for young children, this option produces financial and tax advantages by generating an income stream for WHRY for a period of time, after which the remainder is distributed to the beneficiaries.

Legacy Gift

These are gifts of a dollar amount, a percentage of an estate, or a specific asset, as detailed in a donor’s will. When properly structured, leaving the remainder of a 401(k) plan or an IRA to WHRY can be an excellent gift of an asset that otherwise could end up increasing the overall tax liability of an estate and its beneficiaries. Kevin recommends speaking with your tax advisor to structure such gifts carefully to maximize the tax efficiency and avoid unintended tax consequences.

We can help you determine the best options for you to plan for your future, the future of your loved ones, and the future of WHRY. For more information, please contact Ramona E. Gregg at 203-764-6600 or mona.gregg@yale.edu, because there will always be a need to study women and sex-and-gender differences.

With gratitude for your forward-looking generosity,

Barbara M. Riley

Philanthropy Chair 

Submitted by Rick Harrison on May 29, 2019