ʯÁñÊÓƵ

Planned Giving – Your Opportunity to Advance the Future of ʯÁñÊÓƵ 

Gift planning with the ʯÁñÊÓƵ Foundation allows you to meet student needs today and tomorrow while also meeting your financial and personal planning objectives. It allows you to make gifts beyond what you thought would be possible. 

See the Planned Giving Brochure

Create a Legacy

Will / Living Trust

A bequest is a gift to the ʯÁñÊÓƵ Foundation that is not payable until death. A simple designation in your will or trust costs nothing during your lifetime and provides the peace of mind that your gift can be modified should your circumstances change.

Retirement Plan Assets

Retirement plans such an IRA, 401(k), or 403(b) can be subject to double taxation including ordinary income tax and estate tax. Retirement plan assets left to the ʯÁñÊÓƵ Foundation may reduce the size of your estate and subsequent tax liability for your heirs.

Life Insurance Policy

The ʯÁñÊÓƵ Foundation can be named as the beneficiary of a life insurance policy, which can be modified at any time should your circumstances change. 

Stock and Appreciated Securities 

Giving appreciated securities can be more tax efficient than giving cash. When making a gift of securities to the ʯÁñÊÓƵ Foundation directly, you will receive an income tax deduction for the full market and may avoid paying any capital gains tax.

Charitable Remainder Trust

A charitable remainder trust is an irrevocable trust that generates an income stream for you, your family, or other designated beneficiary for a fixed length of time, or for a lifetime, and will name the ʯÁñÊÓƵ Foundation as the remainder beneficiary.

Donor-advised Fund

You can make a gift from your donor-advised fund to support the ʯÁñÊÓƵ Foundation, Inc.

Cash

Cash is the easiest way to make a gift to the ʯÁñÊÓƵ Foundation and provides the maximum tax deduction. The ʯÁñÊÓƵ Foundation accepts cash, check, credit card and wired funds.

The information provided does not constitute tax or legal advice. A consultation with your estate planning attorney and/or financial planner will help you determine the best vehicle for you and your family.  Always confer with your own advisors prior to making a charitable gift.

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Legal Name:

ʯÁñÊÓƵ Foundation, Inc. 
Tax Identification Number: 16-6071031

The ʯÁñÊÓƵ Foundation is a 501(c)(3) non-profit organization, and all contributions are tax deductible to the extent allowed by law. If you have already included ʯÁñÊÓƵ in your estate plans, please let us know as we would like to thank you and ensure the purpose of your gift is fully understood. 

 

Sample Bequest Language:

I give and devise to ʯÁñÊÓƵ Foundation, located in Oneida County, New York, the sum of $____ OR ___% of my residuary estate, or the rest, residue, and remainder of my estate to be used for its general purposes (or for the support of a specific affiliate, fund, or program). 

This information is provided for illustrative purposes only and should not be considered legal or financial advice. We encourage you to discuss these options with your attorney or financial planner. 

 

For more information, please contact: 

Deanna Ferro-Aurience
Executive Director of Institutional Advancement and the ʯÁñÊÓƵ Foundation, Inc. 

1101 Sherman Drive
Utica, New York 13501
(315) 731-5797
dferro-aurience@mvcc.edu