Planned Giving

Contact Medaille

Buffalo Campus
18 Agassiz Circle
Buffalo, NY 14214
(716) 880-2000
(800) 292-1582

Rochester Campus
1880 S. Winton Rd.
Rochester, NY 14618
(585) 272-0030
(866) 212-2235

Eight Graduate Students 2011
        

Planned Giving Made Simple

Medaille College's mission to foster a diverse learning environment is only possible with the vision and forethought of supporters like you. As you create or refine a plan to protect and provide for your family's future, please remember you can include a gift to the College.

Such giving techniques are called "planned gifts," because with thoughtful planning, you create win-win solutions for you, your loved ones and Medaille.  We invite you to explore planned gifts that can be tailored to your specific situation. For example:

Bequest - making a gift that costs nothing during your lifetime.

A bequest is simply language you place in your will that states a specific amount, or percentage of your estate, to be left to Medaille after your obligations are met.  Just a few sentences in your will or trust are all that is needed to ensure future students can receive an outstanding education that challenges and supports their educational goals.

A will is your opportunity to help the people and organizations that mean the most to you; to sort out your investments, real estate, and other property; to save taxes for your heirs. It's the most important opportunity you'll get in your life to tell the world what you want and how you want it done.

On the other hand, if you die without a will, your property will be taxed and distributed according to the rules and formulas of state laws.   Should that happen there are no provision to give extra assistance to a family member who needs it; to pass on a personal item to a friend or family member you know would appreciate; or to make a gift to your favorite charity.

If you already have a will it may be a good time to review it as tax laws change, and so do family circumstances. Take the time to make sure that your will still works the way you want it to. When you write or rewrite your will, please consider including a bequest to Medaille College. You will be building our future financial strength so we can continue to educate future generations with a gift that costs you nothing during your lifetime.

 

 

A gift to Medaille in your will or revocable trust proclaims your confidence that we will continue to serve our mission and make a difference in the lives of future generations. A bequest:

  • is easy to arrange.
  • will not alter your current lifestyle in any way.
  • can be easily modified to address your changing needs.

Sample Gift Language for your Will

Residual Gift Language

A residual bequest comes to us after your estate expenses and specific bequests are paid:

I give, bequeath and devise all (or ____ percent) of the rest, residue and remainder of my estate to Medaille College, a corporation of the State of New York, located in Buffalo, New York the general and educational purposes of the college.

Specific Gift Language

Naming Medaille College as a beneficiary of a specific amount and purpose, such as a scholarship or specific program, from your estate is easy:

I give, bequeath, and devise to Medaille College, a corporation of the State of New York, located in Buffalo, New York the sum of $_______ , (or, ____ percent of the rest, residue and remainder of my estate) to be used to support ___________________ (name of program or academic area). In the event the need to support _____________ no longer exists, The Board of Trustees shall be and hereby are authorized to use this bequest for a purpose in keeping with the spirit of this gift in the best interest of the College.

Contingent Gift Language

Medaille College can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:

If (insert name) is not living at the time of my demise, I give and devise to Medaille College located in Buffalo, NY, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific fund or program).

You can give stock and realize larger tax savings.

You may name Medaille College as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.

Naming Medaille as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming Medaille as a beneficiary of a retirement plan, you maintain complete control over the asset while living.  At the time of your death the plan passes to support Medaille free of both estate and income taxes.

Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change of beneficiary form from your plan administrator and notify Medaille College.

To explore planned gift options that will provide for your family and support Medaille please contact your financial advisor or call Jeanine Purcell in the Office of College Relations at (716) 880-2259.

I'm grateful for the education I've received.

The instructors were knowledgeable and welcomed class discussions, with
respect for each student's contribution. I've learned how to be a more
effective leader. My capstone class gave insight on how to combine all
the education learned to operate a business. That's when I realized how
much I had sharpened my knowledge.

Medaille College © 2014   All Rights Reserved