Ways to Give

Give Online

You can donate online. Through the form you can allocate your gift to NYMC's greatest needs or you can restrict to a specific project, program, or department.

Donate Online

Give by Phone

Call (914) 594-2720 with your credit card information.

Give by Mail

Send your check payable to New York Medical College to:

New York Medical College
Office of Development and Alumni Relations
40 Sunshine Cottage Road
Valhalla, NY 10595

Give by Wire Transfer

If you are planning to wire transfer your gift to NYMC, please let us know: the name of your bank/broker/financial institution/contact information/your name and graduation year/and how you would like your donation to be used (scholarships, area of greatest need, or other). You can send this information to our office via fax (914) 594-2721 or email the Office of Development and Alumni Relations at development@nymc.edu and use the instructions below:

Matching Gifts

Do you or your spouse work for a company with a matching gift program? Many companies have programs allow their employees to direct charitable contributions from their company to organizations that are important to them. These corporate matches typically double or sometimes even triple the benefit of your gift!

Please mail, fax, or email your company’s matching gift form to:

New York Medical College
Office of Development and Alumni Relations
40 Sunshine Cottage Road
Valhalla, NY 10595
Fax: (914) 594-2721
development@nymc.edu

Securities

A growing number of our donors are taking advantage of the opportunity to contribute gifts of long-term appreciated securities to support the mission of New York Medical College.

As a result of your gift, you may:

• Receive an income tax charitable deduction based on the market value of the securities at the time of the gift.
• Avoid capital gains tax on the appreciated value of the securities.
• Increase your income.

The following information can be used by advisors in facilitating gifts of securities:

• Account Name: New York Medical College
• Account Number: Z40337440 (Fidelity)
• DTC #: 0226
• Address:
  • Fidelity Investments (ATTN: TOA Receives)
    O. Box 770001
    Cincinnati, OH 45277

Planned Giving

Whether you include New York Medical College in your will or decide to give via a charitable gift annuity, there can be great benefits for you and your family when making a planned gift. Your estate is entitled to an unlimited charitable tax deduction for bequests to qualified organizations. Through your estate, you can ensure NYMC has the financial resources it needs to transform lives by offering an extraordinary, yet accessible, education to future generations. There are many planned giving options, including some that offer guaranteed lifetime income, and some which allow you to maintain your assets while having an enduring impact tomorrow.

For more information about planned giving options, call (914) 594-2720 to speak with a member of our team.

Leave a Legacy

Bequests

By naming NYMC in your will, you keep absolute control of your assets during your lifetime, yet still have a lasting impact on the College and generations of students to come. We would be pleased to provide you or your attorney with sample language to help you achieve your goals.

Charitable Gift Annuities

Through charitable gift annuities, you can convert cash or appreciated securities into guaranteed income for life, gaining financial security while making a significant gift to support NYMC. You may receive income immediately upon setting up a charitable gift annuity or defer the income until your anticipated retirement age, significantly raising the annuity payments and tax deduction.

Retirement Funds

Because special tax considerations apply to retirement plan benefits, they are a good option for charitable bequests. Simply name NYMC as the beneficiary of your IRA, 401K or other qualified plans. After your lifetime, the residue of your plan passes to the College, tax free.

IRA Charitable Rollover

If you are 70½ years old or older, you can take advantage of the IRA charitable rollover and provide a gift of up to $100,000 from your IRA directly to NYMC without having to pay income taxes. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions. If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

Life Insurance

Option 1: The College becomes owner and beneficiary, while you receive an immediate charitable tax deduction for the policy.

Option 2: By irrevocably assigning and purchasing a new insurance policy specifically for the College, you receive an annual charitable income-tax deduction for payment of the policy premiums.

Option 3: Make NYMC the primary beneficiary. You retain ownership of the policy and have access to its cash value but receive no charitable tax deduction.

Charitable Remainder Trusts

In a charitable remainder trust, you transfer assets to a trustee who pays income for life. You will receive an immediate charitable income-tax deduction based on your age, the amount of the income interest and the federal midterm rate. Upon death, the remainder of the trust benefits NYMC.

Charitable Lead Trusts

A charitable lead trust, which pays income to NYMC for a specified term of years, or your lifetime, is an excellent way to reduce estate and gift taxes while making a significant gift to benefit the College. In addition, you retain the principal in trust for heirs.

Gifts of Retained Life Interests in Real Estate

You can transfer the ownership of a personal residence or other property to NYMC, but you retain the right to use the property during your lifetime. By doing so, you will receive an immediate income-tax deduction based on the property’s value and your age.

We recommend you consult your tax advisor to see if any of these options are right for you. For a detailed description and illustration of potential tax benefits of any of these options, contact the Office of Development and Alumni Relations. Whichever you choose, please contact our gift planning professionals for assistance and additional information.

History Book

The History of New York Medical College highlights the College's rich history of excellence and diversity in medical education and heritage as one of the oldest and largest private health sciences institutions in the United States.

These stunning pages take the reader on a journey through time - beginning with the College's founding in 1860.

Purchase The History of New York Medical College today by emailing development@nymc.edu or calling (914) 594-2720.

Cost per Book: $85

In Person:
19 Skyline Drive
2nd Floor, Room 2S-B62
Hawthorne, NY 10532

Please note: only cash or checks will be accepted.