Which method of giving is best for you?

In creating your estate plan you must reflect upon your personal needs, the special needs of your family, and your commitment to TC3 or other worthy causes. Planned giving offers creative strategies for alumni and friends of TC3 to make a gift to the College while also achieving personal financial goals.

The choice to support TC3 is a personal one, unique to each individual, and the array of planned giving options are just as varied. Whatever form your planned gift takes, you will have the satisfaction of knowing that generations of students will benefit from your foresight and generosity and your gift has supported excellence in higher education.

Listed below are several of the ways you can make a planned gift to TC3 through the TC3 Foundation. We would be pleased to meet with you to discuss what gift options may be best for you.

Bequests

The easiest way to become a member of The Shaw Legacy Society for TC3 is to make a provision for the TC3 Foundation in your will. A bequest allows you to support TC3’s mission with a gift of a specific amount, a percentage of your estate, or the residual amount remaining after you have cared for the needs of your family or other loved ones. You don’t have to be a millionaire to leave a gift to the College in your estate and you may also bequeath stocks, bonds, tangible personal property, real estate, or other assets to the College. Remember to notify TC3 in writing that a provision has been made for the College in your will; your leadership may impact others’ decisions and we would like to recognize your support of the College by including you in The Shaw Legacy Society for TC3.

A simple way to express your support of the College is to endow your annual gift to the TC3’s Annual Campaign. As an example: a loyal and generous supporter, who has contributed $100 to TC3’s Annual Campaign for many years, may consider naming the College in her/his will as the beneficiary of $2,000 to endow an annual gift. The interest from this $2,000 gift, which would approach $100 annually (at 5% interest), would be given in perpetuity in the donor’s name to TC3’s Annual Campaign.

Beneficiary Designation

Name the TC3 Foundation as beneficiary of your pension fund, retirement plan, or a bank account. TC3 will receive a specific amount or a percentage of this fund at death and the gift will not diminish the resources available to you during your lifetime.

Life Insurance

Do you have a life insurance policy you no longer need to ensure your family’s security in the event of your death? By making TC3 Foundation the sole beneficiary of an idle insurance policy, the face value becomes available to support the mission of the College. You may also purchase a new policy and name the Foundation as the owner; your annual premium is a tax-deductible gift to the College.

Life Income Gifts

Secure a life income for yourself, your spouse or perhaps another individual by establishing a charitable gift annuity or charitable remainder trust. These types of gifts may be funded with cash, securities, or other highly appreciated (low cost basis) assets and often have a higher rate of return than traditional investments. As a donor you will receive an income stream for life, a portion of which may be tax free, with the remainder passed on to the TC3 Foundation at the end of your lifetime. TC3 works with the Research Foundation of SUNY to provide professional guidance relating to life income gifts.

We make a living by what we get, but we make a life by what we give — Winston Churchill