Graduate School of Biomedical Sciences

Gift Planning

student at the microscope

Be Part of the Future of Tufts Graduate School of Biomedical Sciences

Your planned or estate gift leaves a lasting personal legacy of support for scholarship, teaching, and research at Tufts Graduate School of Biomedical Sciences. The Gift Planning Office is here to work with you, your family, and your advisers to help create a plan that meets your financial and philanthropic goals.

Bequests

A bequest allows you to make a long-term commitment without affecting your current standard of living. You can provide for the future of the medical school by naming Tufts as a beneficiary of a specific percentage or dollar amount of your estate. You may support a particular fund or program or your gift may be unrestricted.

Sample Bequest Language

Unrestricted Bequest: 
"I give ________________ to Trustees of Tufts College, of Medford, Massachusetts, for the general purpose and use of Graduate School of Biomedical Sciences."

Gift for preferred purpose: 
"I give ________________ to Trustees of Tufts College, of Medford, Massachusetts, in support of the Graduate School of Biomedical Sciences. It is my wish that this gift be specifically used to support [list donor's specific intent here]. If it becomes inappropriate or impossible to accomplish this purpose of the gift as described herein, then the dean of the Graduate School of Biomedical Sciences may designate this bequest to be used for the benefit of a substantially similar purpose."

If you are in the process of creating a will, your attorney may need the university's tax ID number, which is 04-2103634.

This information is not intended as legal or tax advice. Please contact your attorney if you are considering this type of gift.

Other Types of Gifts

  • Charitable Gift Annuities allow you to make a gift and receive a steady income stream, claim a charitable tax deduction, and support the Graduate School of Biomedical Sciences.
  • Charitable Remainder Trusts offer a way to make a meaningful future gift to the Graduate School of Biomedical Sciences while simultaneously providing income for life or for a specific term for yourself and/or others you name.
  • Charitable Lead Trusts are individually managed trusts that make payments to the Graduate School of Biomedical Sciences or another charity for a specified term or for the life of one or more individuals.
  • Gifts of Real Estate may free you from paying real estate taxes, maintenance costs, and insurance, and can result in capital gains tax savings.
  • Retirement Assets, such as IRAs, 401(k)s, and other qualified plans, provide a very simple way to make a future charitable gift.
  • Other gift types include Business Interests, Life Insurance, and Pooled Income Funds.

Estate and Trust Distribution

If you are working with an estate or trust that is distributing a gift to the Graduate School of Biomedical Sciences, please contact the associate director of estate administration, who oversees receipt of all such gifts on behalf of Tufts University:

Yvette M. Story, Esq. Associate Director of Estate Administration Gift Planning Office 80 George Street Medford, MA 02155 yvette.story@tufts.edu Phone 617-627-3876 Fax 617-627-4541