New York Institute of Energy and Water aspires to be a great research university that has a global impact in energy, water, and environment which are paramount concerns of all nations and peoples and it strives to open wide the doors of opportunity, and to make the world a better place through the power of the mind and the imagination.
New York Institute of Energy and Water is a not-for-profit, with a 501(c) (3) tax-exempt status and all contributions are tax-deductible. There are following opportunities to support the mission of the institution:
An endowed scholarship is a special gift, creating a perpetual financial source that is used to provide student with a quality educational experience. You can establish an endowed scholarship in your name or a benefactor's name. The minimum gift needed to establish a named, endowed fund is $50,000. This amount can be paid all at once or in payments (typically three to five years). Once the fund reaches the $50,000 amount, it will begin to pay out, making it possible to offer student scholarships in the fund's name. Until $50,000 is reached, the interest gained is reinvested in the fund. There are numerous ways to fund an endowment, including outright gifts of cash, bequests, securities, life insurance, retirement assets, or properties. Providing funding through inclusion in a will or another estate planning vehicle such as charitable gift annuity, pooled income fund, charitable remainder trust, personal property, and real estate is also possible to increase the level of an established scholarship.
By making a planned gift, you can make a significant contribution to New York Institute's work to address some of the world's pressing issues through cutting-edge research and the education of tomorrow's leaders and gain financial and tax benefits for you and your family. There are several types of gifts that first pay income to you and your family and then help New York Institute. These also can enable you to dispose of illiquid assets in exchange for income and tax benefits. The lead trust is a gift arrangement that can help you transfer wealth to the next generation in a tax-efficient manner.
A charitable bequest is the easiest and best way to make a gift to New York Institute. By means of your will or other estate plan, you can name New York Institute as the beneficiary of a portion of your estate, or of particular assets in your estate. There are many reasons to make a bequest. A bequest allows you to honor a loved one, while providing critical support to the university through a president's fund, or another fund underwriting research and teaching. Giving by bequest costs nothing now, yet it may give you a great deal of satisfaction to know that your future gift will live on.