Forward thinking for Lasting Impact
Did you know that there are many ways to support Albany College of Pharmacy and Health Sciences besides making a gift today? You can include a donation to ACPHS within your overall estate or financial plans that preserves the College's mission and provides you and your loved ones with tax benefits in return. Whether you would like to put your contribution to work today or benefit our students after your lifetime, we can work with you to create a charitable plan that helps you to provide for your family and support ACPHS. Contact Marcy Stengel, Director of Development at 518-694-7127 or email@example.com to begin a conversation about your legacy.
Interested in helping the Albany College of Pharmacy and Health Sciences with our mission but aren’t ready to give a gift today? A simple, flexible and versatile way to ensure we can continue our work for years to come is a gift in your will or living trust, known as a charitable bequest. By including a bequest to ACPHS in your will or living trust, you are ensuring that we can continue our mission for years to come. We have a free tool to help you write your will in 20 minutes or less that will help you create a legacy gift to ACPHS. You can protect what matters most and support generations of students to come at no personal cost to you. Get started here.
Give from your IRA
If you’re 70 1/2 or older, you are eligible to make tax-free gifts directly from your IRA to support the Albany College of Pharmacy and Health Sciences, regardless of whether or not you itemize deductions. It’s a powerful way to have an immediate impact on our mission, and comes with great personal tax benefits. We have a free tool to guide you through the process of IRA-giving that takes 10 minutes or less. Get started now.
Let your values live on
Are you passionate about creating a legacy of support for Albany College of Pharmacy and Health Sciences that will carry on your values to the next generation? It's not only possible, it's easy to do with a beneficiary designation. Just name ACPHS as a beneficiary to receive assets such as retirement plans and life insurance policies. Simply fill out the necessary beneficiary forms provided by your retirement and insurance providers. Not only is it simple, but it's also flexible—you aren't locked into the choices you make today. You can review and adjust beneficiary designations any time you want.
Contact Marcy Stengel in the Office of Institutional Advancement for more information at firstname.lastname@example.org or 518-694-7127.
Sample Language to Relay Your Intentions
The following language may aid you and your attorney in preparing your bequest to the Albany College of Pharmacy and Health Sciences. Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage you to share your final will provision with ACPHS to ensure that your wishes can be properly followed and recognized.
You can also use our easy and free tool to prepare a will that can help you clarify your plans and values before you meet with your attorney.
|NAME , I give, devise and bequeath (specific asset; dollar amount; % of estate; etc.) to the Albany College of Pharmacy and Health Sciences , a nonprofit corporation organized in accordance with the laws of the State of New York for the purpose of supporting the Albany College of Pharmacy and Health Sciences, an educational institution, located at Albany, New York. The property comprising this gift may be merged, for investment purposes, with any of the general investment assets of the Albany College of Pharmacy and Health Sciences. The distributions from the gift shall be:|
|a) unrestricted, unless directed by a separate gift agreement.; or|
|b) used to ... (after consulting with the Foundation, include specific gift-use preference(s) here, and include the following sentence to ensure your gift remains useful in the future.)The gift shall be entered in the Foundation’s books and records as the (desired name of fund) Fund, and shall always be so designated. If, in the judgment of the Foundation Board of Trustees, changed circumstances should, at some future time, render the designated use of this fund impracticable, unwise or inappropriate, then the Board shall use the fund to further the objectives and purposes of the Albany College of Pharmacy and Health Sciences, giving consideration to my special interest as evidenced by the purpose described above.|
Turn Your Generosity Into Lifetime Income
When you are looking for ways to help the Albany College of Pharmacy and Health Sciences with our mission, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support ACPHS’s work while receiving fixed payments for life is a charitable gift annuity. Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with ACPHS you can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Discover a Gift That Is Truly Win-Win
Looking for a way to give the Albany College of Pharmacy and Health Sciences a significant gift? If you have built up a sizeable estate and are also looking for ways to receive reliable income payments, you may want to check out the advantages of setting up a charitable remainder trust.
Benefits of a charitable remainder trust include:
- Potential for a partial charitable income tax deduction
- Potential for increased income
- Up-front capital gains tax avoidance
There are two ways to receive payments with charitable remainder trusts:
The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
Provide for Your Loved Ones and ACPHS
Do you want to benefit from the tax savings that result from supporting the Albany College of Pharmacy and Health Sciences, yet you don't want to give up any assets that you'd like your family to receive someday? You can have it both ways with a charitable lead trust.
There are two ways charitable lead trusts make payments:
A charitable lead annuity trust pays a fixed amount each year to ACPHS and is more attractive when interest rates are low.
A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, the payments to ACPHS will increase as well.
Transforming Real Estate to Gift Reality
Want to make a transformation gift to the Albany College of Pharmacy and Health Sciences without touching your bank account? Consider giving the College a donation of real estate. Your gift helps us continue our work for years to come. And a gift of real estate also helps you. When you give us appreciated property you have held longer than one year, you qualify for a federal income tax charitable deduction. You avoid paying capital gains tax. And you no longer have to deal with that property's maintenance costs, property taxes, or insurance.
Another benefit: You don't have to hassle with selling the real estate. You can deed the property directly to ACPHS or ask your attorney to add a few sentences in your will or trust agreement.
There are many mechanisms to donate real estate including an outright gift, via your will or living trust, through a retained life estate, a bargain sale, or within a trust or annuity.