“Planned giving is our opportunity to give the next generation the same outstanding legal education we had.”
– Thomas M. Lamberti ’57
A New Option to Make a Gift from your IRA and Receive an Income in Return
If you are 70.5 years+, you can use up to $53,000 from your IRA as a one-time gift to HLS for a charitable gift annuity, which will pay you and another if included, an income for your lifetimes.
How does planned giving work?
Planned giving allows you to make a significant contribution to Harvard Law School while also addressing some of your own financial and estate planning needs.
Types of Planned Gifts
- Securities and mutual funds that may reduce your capital gains taxes.
- Life income gifts, such as charitable gift annuities and charitable remainder trusts, pay you an income during your lifetime while generating a current income tax deduction.
- Testamentary gifts that preserve access to the principal while enabling you to make a lasting gift to Harvard Law School.
- Gifts from retirement plan assets can reduce your income tax and the taxes your heirs may eventually have to pay.
- Charitable lead trusts that pay an annual amount to Harvard Law School and then distribute to heirs at a reduced transfer tax cost.
What Does Planned Giving Support?
- The Annual Fund, powered by unrestricted gifts, enables the Dean to respond quickly to the School’s most pressing needs and priorities.
- Scholarship funds allow the Law School to admit students based on merit rather than financial means, helping to shape future leaders across both public and private sectors.
- Clinical chairs and professorships enable HLS to recruit and retain top faculty who are leading experts in their fields..
- Unrestricted funds empower Harvard Law School to respond to emerging issues in the legal profession and equip students to tackle real-world challenges.