Einstein Legacy Society

Planned Giving at IAS

Established in 1966, the Einstein Legacy Society recognizes those friends of the Institute who have made a planned gift, or informed the Institute of a bequest intention or other provision in their estate plans. The Society honors the memory of Albert Einstein, one of the Institute’s first Faculty members, serving from 1933 until his death in 1955. 

Bequest

A bequest can take the form of a percentage of your estate, or a specific dollar amount, and will not require any commitment of assets at the present time. A bequest can be adjusted any time you review your will. Suggested language for naming the Institute for Advanced Study as the beneficiary of an unrestricted bequest follows below; if you wish to restrict your bequest please contact us so that we may advise you on suggested language:

“I give and bequeath to the Institute for Advanced Study—Louis Bamberger and Mrs. Felix Fuld Foundation, a nonprofit corporation located in Princeton, New Jersey, the sum of _____ dollars ($_____) [or the property described below] for such purposes as the Trustees of the Institute shall determine to be in the best interests of the Institute.”

In addition to a clause in your will, a bequest can be made by naming the Institute for Advanced Study as a beneficiary of a retirement assets account or life insurance policy.

Charitable Gift Annuity

A Charitable Gift Annuity requires a minimum, irrevocable gift of $10,000, and pays a fixed dollar amount each year to one or two persons, who are least age 60, for life. The Gift Annuity is a contract with the Institute and is secured by an annuity reserve fund and the Institute’s assets. Upon the death of the annuity recipients, the residuum of your gift is added to the Institute’s endowment. At this time, payout rates compare very favorably to other fixed income investments, such as CDs. You may claim a charitable income tax deduction for the portion of your original gift that represents the value of the Institute’s interest in the residuum.

Charitable Remainder Trust

A Charitable Remainder Trust requires a minimum, irrevocable gift of $100,000, and allows you to transfer appreciated assets to the Institute for Advanced Study, receive a charitable deduction, and pay a named beneficiary(ies) either a fixed or variable annuity (a “unitrust” amount) of not less than 5% of the trust value over the term of the trust. At the end of the term, the remaining assets are added to the Institute’s endowment. A Charitable Remainder Trust can be set up and funded during your lifetime, or as a testamentary trust—created in your will.

Charitable Lead Trust

A Charitable Lead Trust requires a minimum of $100,000 to be placed in an irrevocable trust, usually for a period of ten to twenty years. The income stream will immediately benefit the Institute for Advanced Study, providing support over the term of the trust, and at the end of the term the remaining assets (and any appreciation) are transferred to a non-charitable beneficiary, often in a younger generation. The current environment makes Charitable Lead Trusts more attractive because the IRS discount rate used to calculate the income interest is low, which enhances the possibility of passing on appreciated property while minimizing gift and estate taxes.  

Remainder Interest in Personal Residence

A Remainder Interest in Personal Residence is a gift of your home to the Institute for Advanced Study while retaining the right to occupy the property for the remainder of your life (a “life estate”). At your death, your retained life estate ends and the Institute for Advanced Study acquires the full property interest. You are able to make a substantial gift of an appreciating asset to the Institute during your lifetime, receive a tax deduction based upon your life expectancy, reduce the value of your taxable estate, and simplify the settlement of your estate.

Who We Are

Members of the Einstein Legacy Society include IAS Trustees, Faculty and Faculty Emeriti, Friends, former Members and Visitors, Staff, and other valued supporters.

Einstein Legacy Society Members

Michael Barnett
Victoria and Hank Bjorklund
Richard B. Black
Enrico Bombieri
Addie and Harold Broitman
Joseph E. Brown
Robert Butow
Claude Calame
Helen and Martin Chooljian
Getzel M. Cohen
Giles Constable
John W. Dawson, Jr.
Hedwig C. H. Dekker
Professor William Doyle, FBA
Masaaki Eguchi
Janet and Arthur Eschenlauer
Graham Farmelo
Carl and Toby Feinberg
Dr. Cloudy (Klaus-Dietrich) Fischer
Dr. Paul Forman
Lor and Michael Gehret
Peter and Helen Goddard
Rachel D. Gray
Edward Greaney
Betty W. (Tina) Greenberg
Phillip A. Griffiths
Robert M. Guralnick
Ralph E. Hansmann
Daphne Hawkes
James F. Hawkins
Sigurdur Helgason
Rosanna W. Jaffin
Akio Kawauchi
Michael Keevak
Tatsuo Kimura
George Labalme, Jr.
Dr. Florian Langenscheidt
Robert Langlands
Walter H. Lippincott
Mr. and Mrs. Robert W. Loughlin
Robert MacPherson and Mark Goresky
Steve Mariotti
Loris and Bruce McKellar
Annette Merle-Smith
Alexander P. D. Mourelatos
Albert Nijenhuis
Sherry B. Ortner
Elena Petronio
Susan E. Ramirez
John H. Rassweiler
Millard M. Riggs
Barbara Heard Roberts
Daniel H. Saracino
Patricia Sato
Richard Donald Schafer
N. J. Slabbert
Jack Steinberger
Chuu-Lian Terng and Richard S. Palais
Franklin K. Toker
Grazia Tonelli
Marilyn and Scott Tremaine
Professor and Mrs. V. S. Varadarajan
Professor C. Franciscus Verellen and Mrs. Isabelle M. Verellen
Morton G. White
Brian F. Wruble

Contact:

Catie Fleming at (609) 951-4542 or cfleming@ias.edu