The Francis J. O'Brien Society was established to honor the memory of Dean O'Brien who gave to so many during his 47 years at ACPHS. This giving society recognizes individuals who have made a charitable planned gift, or who have made known their intentions to include ACPHS in their wills or estate plans.

Donors who have made financial or estate gifts of any size through wills, trusts or other planned gifts help provide scholarships for deserving students, endowments for academic programs and vital support for instructional and research activities.

The College welcomes the opportunity to work with interested donors and their personal advisors to determine if one or more of the below planned giving vehicles is appropriate.

For more information on planned giving, please contact the Office of Institutional Advancement at 518.694.7393 or alumni@acphs.edu.

 

 

Planned Giving Opportunities

Bequests

A bequest is a provision in your will that states that a portion of your estate will go to Albany College of Pharmacy and Health Sciences. You can designate items such as cash (a specific amount), stock, land, art or collectibles. Charitable bequests reduce the size of a donor's estate and save on the state and federal estate tax that a donor's heirs must pay. A carefully written will protects a donor's estate, provides for loved ones and ensures that personal, financial and charitable goals are met. A bequest is simple to create, and an attorney can easily help you insert the proper language into your will.

Bequests can specify a range of potential gift options, including:

 College

  net estate

  provided for family and friends.

 

Charitable Gift Annuities

A gift annuity is a unique charitable gift among the life income agreements. The gift annuity is a contract between the donor and Albany College of Pharmacy and Health Sciences that provides a fixed income payment for the life of up to two beneficiaries. It is part gift, part purchase, with the gift earning a charitable deduction for the donor. The remaining balance creates a life income stream to the designated beneficiary(ies).

 

Charitable Remainder Trusts

The irrevocable trust provides income for the life of any number of beneficiaries. They avoid capital gains taxes on the sale of appreciated assets transferred into the trusts. They can be designed to greatly reduce the gift/estate taxes on assets that provide lifetime income to children and grandchildren as well as other individuals. When the designated time has expired, the trusts' principal becomes property of Albany College of Pharmacy and Health Sciences and is used for the purpose the donor specified.

 

Charitable Lead Trusts

This type of trust may be described as the reverse of the charitable remainder trust. A charitable lead trust is an irrevocable agreement that allows a donor to support a charitable organization during his or her lifetime while leaving substantial assets to heirs. Charitable lead trusts provide an immediate income to the organization and may actually increase the beneficiaries' inheritance through lowered estate and gift taxes.

 

Retirement Plans

Many people participate in various kinds of retirement plans -- IRAs, 401(k) plans, Keough plans, etc. In some cases, there may be significant advantages to using retirement plan assets for charitable giving. Contact your financial advisor if this would be beneficial for you.