Qualified charitable distributions (QCD) transferred from your individual retirement account (IRA) are not taxed and can satisfy your required minimum distribution (RMD) for those donors ages 70.5 and older. While QCDs from an IRA cannot be accepted when goods or services from Einstein are provided, up to $100,000 can be funds directly from a traditional or rollover IRA. To make a gift, please contact your IRA administrator, and then call Einstein’s Office of Development at 718.430.2411 to share your intentions. You can also download the securities donation form here.
Similarly, stocks, mutual funds, bonds, or other publicly traded securities can be transferred as gifts that are both tax-deductible at market value and not taxed for capital gains on the appreciation of the asset. To initiate a transfer, please first consult with your tax advisor, as certain limitations to deductions may apply. Then, please contact Sunny Owusu at sunny.owusu@einsteinmed.org to arrange the transfer. Einstein’s tax ID number is 83-0621846.
Donors can also earn income for themselves and beneficiaries through the establishment of Charitable Gift Annuity (CGA) or Charitable Remainder Trust (CRT) to benefit Einstein. Life income gifts made through CGAs and CRTs qualify for a variety of tax benefits, and be set up through your financial or legal advisor with Einstein included with our legal name, address, and tax ID number:
Legal Name: Albert Einstein College of Medicine
Address: 1300 Morris Park Avenue, Bronx, NY 10461
Federal Tax ID Number: 83-0621846