Frequently Asked Questions
- What’s a planned gift?
A planned gift is a gift made through your estate plan, life insurance policy or retirement account. By leaving a gift in your will—a gift that costs you nothing right now—you make a meaningful impact on the lives of the next generation of students, one that lasts long after graduation.
- Why should I let you know if I plan to leave a gift to YU in my will?
If you have included YU in your estate plan, please let us know so we can thank you and recognize you for your gift. Communicating your plans helps us ensure that your requests are met and guides us in long-term planning efforts. It also allows us to express our gratitude for your commitment and generosity during your lifetime.
- What happens after I inform you I have made provisions to leave YU a legacy gift?
Once you’ve notified us, we will welcome you to the Rabbi Dr. Herbert C. Dobrinsky Legacy Society—which recognizes those individuals who have let us know that they have left a gift to YU in their estates.
- What is the difference between endowed and non-endowed funds?
An endowment is a gift that offers an income to Yeshiva University in perpetuity. It differs from other types of donations in that it remains actively invested, and financial support is drawn from the income generated by the initial contribution. The principal remains untouched, allowing YU to draw on it indefinitely.
An endowment is a meaningful way to establish a permanent remembrance for a loved one or ensure that your own long-term philanthropic goals are realized.
Non-endowed funds are not invested because the funds are spent down for whatever purpose is chosen by the donor.
- What is the difference between restricted and unrestricted funds?
Restricted gifts are designated by the donor for a specific purpose, such as a named scholarship, department chair or program. Unrestricted gifts provide a funding source for YU that is not limited to a specific program, college or department. These gifts allow YU to support its greatest priorities, using your gift wherever it is most needed at the time.
- What assets can be used for a planned gift?
Securities, cash, real estate, business interests, insurance policies, retirement plans and many other assets can be used to make a planned gift to YU. Our planned giving professionals can help explore your best vehicle for making the kind of gift you want to make.
- What if I change my mind about my estate or my financial circumstances change?
While we hope you won’t change your mind, we also understand circumstances do change. YU recognizes that these are your intentions only and they are not legally binding.
- What is the Tax ID Number for Yeshiva University?
The Federal Tax I.D. Number for Yeshiva University is 13-1624225.
For a bequest to RIETS, please use Federal Tax I.D. Number 13-2673756.
For Canadian Donors, please use CANADIAN FRIENDS OF YESHIVA UNIVERSITY, BN/Registration No. 819680851 RR 0001
For a bequest to the Yeshiva University High Schools, please use Federal Tax I.D. Number 20-0247649.
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