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Union Graduate College Planned Giving
Planned gifts are vital to the future of Union Graduate College.
Your gifts can take many forms, enabling you to make a contribution to UGC while achieving specific personal goals, including:
- taking a significant income tax deduction
- avoiding capital gains tax
- reducing estate taxes
- fulfilling one's charitable wishes
We urge you to consult with your own tax and legal advisors about the tax implications of your planned gift. Union Graduate College representatives will be glad to work with you and/or your advisors to help you tailor a planned gift to your individual financial and charitable objectives.
Ways of Giving
Following are highlights of available Union Graduate College planned giving options. If you would like more information about any of them, please don't hesitate to contact us. All queries will be kept in strictest confidence.
Bequests
A bequest is a gift of any form or amount made outright in an individual's will. Charitable bequests to Union Graduate College can be included when executing a new will or added to an existing will through a codicil. Bequests are one of the simplest ways to distribute your estate, are fully deductible for federal estate tax purposes and can be structured in several ways to meet particular circumstances.
After providing for the needs of your loved ones, you may choose one of several ways to benefit Union Graduate College. Here is suggested language for incorporating a provision for the college in your will:
- I give and bequeath to Union Graduate College, Schenectady, NY, the sum of ___________ dollars. This bequest is unrestricted, and the Board of Trustees may use and expend it for the benefit of the College as it deems appropriate.
- I give and bequeath to the Union Graduate College, Schenectady, NY, the sum of ___________ dollars to be added to the endowment of the College and the income therefore be used for scholarships, academic or general purposes.
- I give and bequeath to the Union Graduate College, Schenectady, NY, the sum of ___________ dollars to be used for capital projects determined by the Board of Trustees.
Cash and Personal Property
Cash gifts are the most popular charitable gifts made to Union Graduate College. They are simple and easy to deliver, and result in a charitable tax deduction for the year given. To obtain an income tax charitable deduction for a gift of property other than money and publicly held securities, the Internal Revenue Service requires that the property's fair market value (if more than $5,000) be established by an appraisal that meets specific tax law requirements.
Securities
Gifts of appreciated stocks or bonds may offer advantages beyond the charitable income tax deduction since one can usually avoid the capital gains tax that must be paid if appreciated securities are sold.
Real Estate
Gifts of appreciated real estate -- a home, vacation property, condominium, undeveloped land -- may enable you to avoid significant tax liability. You can donate property to Union Graduate College in several ways: outright gift, deferred gift, retained life estate and bargain sale of property.
Life Insurance
Gifts of life insurance to Union Graduate College can help you provide for your beneficiaries, achieve substantial tax savings and make a larger gift than might otherwise have been possible. There are a number of ways to give a gift of life insurance. You can contribute the policy to Union Graduate College, name the college the beneficiary of the policy or name the college a successor beneficiary.
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© 2011 Union Graduate College,
Full, part time and accelerated Graduate Masters Degree Study Programs.
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Union Graduate College
80 Nott Terrace, Schenectady, NY 12308 US
Phone: (518) 631-9900 Fax: (518) 631-9901
