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How It Works

• You write a will or revocable trust directing a bequest to Yale.
• You provide that the bequest first create a life income gift benefiting your designated recipients.
• After their income interest terminates, the remaining balance in the gift passes to Yale to be applied to the purposes you specify.

Benefits

• One estate asset can benefit both Yale and your heirs or other desired beneficiaries.
• Your estate will be eligible to claim a charitable deduction for a portion of the amount of your bequest.
• You can modify your bequest if your circumstances change.

Next

• Frequently asked questions on testamentary life income gifts.
• Contact us so we can assist you through every step.