A bequest is the simplest and most common way to establish a planned gift with the Carnegie Institution. This type of gift can be tailored to meet your individual needs.
A charitable remainder trust provides you and/or another beneficiary with income for life or for a specified period of time. Thereafter the trust distributes the remaining assets to the Carnegie Institution. A trust of this kind can be tailored to meet your individual needs.
A charitable lead trust provides a stream of income to the Carnegie Institution for a pre-determined period and thereafter distributes the remaining assets to family members or other heirs that you have named.
Assets from an employer’s pension or profit-sharing plan, or from other retirement plans such as an IRA or a Keogh plan, offer another option for remembering the Carnegie Institution in your estate plans.
You may also designate the Carnegie Institution as the beneficiary of an existing or new life insurance policy. This kind of gift will allow you to make a significant contribution to the Carnegie Institution without a large cash outlay.
To understand the differences and benefits of these planned giving options, see this comparison chart.