Planned Giving

Charitable Remainder Annuity Trust

Charitable Remainder Annuity Trust Diagram

How It Works

  1. Create trust agreement stating terms of the trust; transfer cash or other property to trustee
  2. Trustee invests and manages trust assets and makes payments to income beneficiaries you designate
  3. Remainder to Peconic Bay Medical Center for purposes you specify

Benefits

  • Payments to one or more beneficiaries that remain fixed for the life of the trust
  • Federal income-tax deduction for the charitable remainder value of your interest
  • No capital-gain tax when trust property is sold
  • Trust remainder will provide generous support for Peconic Bay Medical Center

More Information

Contact Us

Maureen Brady Curzio
Advisor, Foundation Development
631-548-6080
mbradycurzio@northwell.edu

 

Peconic Bay Medical Center Foundation
1 Heroes Way
Riverhead, NY 11901-9892

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