Endowment Giving
An Enduring Mark
Your legacy can endure at SUNY Oneonta Foundation with the creation of an endowed fund. Such a fund continues into perpetuity, as annual distributions are made from investment earnings in order to support the activity or program you designate.
In establishing an endowed fund – in your name or in honor or in memory of a loved one – you are providing future generations the opportunity to remember and celebrate your values and generous spirit.
You can create an endowed fund during your lifetime, over a period of years or all at once. Many donors also establish their endowed funds through bequest intentions.
Funding Your Endowment
Endowed funds can be created during your lifetime with a gift of cash, property, or other assets. In addition, there are other ways to fund your endowed fund while incorporating financial and estate planning needs:
Retirement Plans
Naming your endowed fund as a remainder beneficiary of your retirement plan, such as a 401(k), IRA, or pension plan, is an easy way to make a gift. It is also a tax-wise choice because, although your estate would pay income tax on a retirement account left to your heirs, there is no tax if you give it to SUNY Oneonta Foundation.
Beneficiary Designation
You can name your endowed fund the beneficiary of bank accounts, investment accounts, or life insurance policies. At the end of your lifetime, your endowed fund receives the proceeds directly from your account.
Charitable Bequest
You can make a gift to your endowed fund through your will or trust by including a specific dollar amount or a percentage of your estate, leaving a particular asset — stocks, bonds, mutual funds, real estate, artwork, or other property. Alternatively, you can name your endowed fund as a “residual beneficiary” so that it receives the remainder of your estate after all other bequests have been made.
If you have any questions about endowments or would like more information on planning your contribution, please contact:
Amy Rockwell
Director of Gift Planning
607-436-2481
Amy.Rockwell@oneonta.edu
How Your Gift Helps
Your planned gift to SUNY Oneonta helps us continue our excellence in education Among many things, your support will help us continue to foster our three core values:
Inclusivity — making sure that everyone feels welcome here;
Service — committing to making a difference in the lives of others; and
Sustainability — stewarding resources to foster a just community in ecological balance.Contact
Have you included us in your plans?
Contact
Amy Rockwell
Director of Gift Planning
009 Alumni Hall
108 Ravine Parkway
Oneonta, New York 13820
Amy.Rockwell@oneonta.edu 607-436-2481
Legal Name: State University of New York at Oneonta Foundation Corporation
Federal Tax ID: 22-2403203
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.
