Planned Giving

With some planning, you can help ensure the education of students for years to come. There are a number of ways you can contribute—each designed to meet different donor needs. We have provided a brief summary of most of them below. Some planned giving arrangements are appro-
priate at all ages. Some only work well for older people.

Plans that Work Well at all Ages
Giving Through Wills or Living Trusts
This is by far the most popular way of giving to the College. When providing bequests, the choice of which assets go to charity and which ones go to the family is very important. Our Advancement staff or a member of our Planned Giving Advisory Committee can discuss this with you. If you have a taxable estate, a charitable bequest is deductible.

Transfer on Death and Pay
on Death Arrangements
These arrangements are available on bank checking and savings accounts. They are often available for brokerage and mutual fund accounts. You maintain full control of the assets. At your death, they pass to Saint Rose outside of probate.

IRA and Qualified Plan Beneficiary
If you name a beneficiary on your IRA, 401(k), 403(b) or other qualified plan, the assets will pass outside the will. If you name a family member as beneficiary, the proceeds will be income taxable to the beneficiary. In larger estates, they may also be estate taxable. You can name The College of Saint Rose for some or all of the funds. If you do, we will not have to pay taxes on the amount you leave.

Life Insurance
Naming The College of Saint Rose as the beneficiary of all or part of a life insurance policy allows you to double, or triple your contribution to The College of Saint Rose, at no cost to you. Instead of gifting directly to The College of Saint Rose, purchase a life insurance policy. At your death, The College of Saint Rose will receive the death benefit which may be two to ten times more than the amount you contributed. Life insurance is the best way to leverage your gift to the College. Also, if you gift an existing life insurance policy to The College of Saint Rose, you may receive an income tax deduction for some or all of the cash value of the policy.

Insurance Company Deferred Annuities
A Deferred Annuity is where you contribute a lump sum of money in return for guaranteed periodic payments. By naming The College of Saint Rose as the primary or contingent beneficiary of your annuity you can provide The College of Saint Rose with a tax free stream of income. Any gain in the contract before your death is income taxable to you or an individual beneficiary, however, not to The College of Saint Rose.

Charitable Remainder Trust
With a Charitable Remainder Trust you place assets into a trust and receive an income tax deduction for part of the gift. The trust pays you an income for life or for a fixed period, then to the remainder is paid to The College of Saint Rose. There are additional tax advantages when you fund the Trust with appreciated property.

Pooled Income Funds
With a pooled income fund many people are able to contrite to a single fund and receive and income stream in return. Pooled Income Funds are similar to Charitable Remainder Trusts, however, they are less expensive to establish but not as flexible.

Gift of Appreciated Securities
When a gift of appreciated securities is made to the College of Saint Rose the College receives the full market value of the security. The owner benefits by receiving a charitable tax deduction for the full market value as well as avoid paying capital gains tax.

Instructions for Electronic Gift Transfers of Securities

For those 60 and Older
Charitable Gift Annuity
For those of us who are age sixty or older, a Charitable Gift Annuity may be the perfect mechanism. In this plan, you make a gift of $10,000 or more to The College of Saint Rose in cash or securities. The College then makes a commitment to you to pay you a specific amount for your lifetime or the lifetime of two people. There are income tax advantages to the gift as well as the payments. This is an excellent way to convert an asset to guaranteed income for your lifetime. Also, it is especially attractive at older ages where the payout rate can be as high as 10%.

Each of these plans has favorable results on income taxes
or estate taxes (sometimes both). Ask your professional advisor or the College's Office of Planned Giving for details on the charitable gift plans that interest you. If you would like to explore using one of these plans to make provision for the College, please contact Susan Warshany at 518-454-5104.

The Carondelet Society is named after the founders of the College, the Sisters of St. Joseph of Carondelet, who through their pioneering vision, dedication and determination, sought to provide affordable, quality education to all deserving students. The Carondelet Society recognizes individuals who have provided for The College of Saint Rose in their financial or estate plans and have informed us of this commitment. These provisions can be in the form of a bequest, or other type of deferred gift to help secure the future of the College. Members of The Carondelet Society are acknowledged in The College of Saint Rose Annual Donor Report and receive invitations to select special events throughout the year.

For more information contact Susan Warshany Ziegler

You may download print
a planned giving
brochure 336K
for more information.

You can print out a
planned giving
intent form 120K
for these options.

This is not an electronic form because it requires your signature. The form can either mailed to the Office of Planned Giving
or faxed.

Fax: 518-458-5447

If you would like further information on any of these estate-planning tools, please contact:

The College of Saint Rose
Office of Planned Giving
432 Western Avenue
Albany, New York 12203
Phone: 518-454-5104