Goals and Benefits
Your Goals |
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Your Strategy |
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Your Benefits |
Make a gift for SUNY Cortland through the Cortland College Foundation’s future that costs you nothing now. |
Include a gift from your will or trust (cash, specific property, or a share of the estate). |
A great way to help SUNY Cortland through the Cortland College Foundation build financial strength and provide resources that maintain our traditions. | ||
Avoid capital gains liability and take an income tax deduction. |
Use appreciated securities instead of cash to make your gift. |
Buy low and give high — while avoiding capital gains tax. | ||
Leave more of your estate to your heirs. |
Name SUNY Cortland through the Cortland College Foundation as beneficiary of your retirement plan, and leave less-taxed assets to family. |
Eliminate income tax on retirement plan assets, and free up other property to pass to your heirs. | ||
Continue to receive benefits back from the assets you give to SUNY Cortland through the Cortland College Foundation — and thus make a larger gift. |
Create a life-income plan like a charitable gift annuity or a charitable remainder annuity trust or charitable remainder unitrust. |
Receive income for your lifetime, receive a charitable deduction, and diversify your holdings. | ||
Reduce high tax liability now; gain additional income later. |
Establish a deferred gift annuity. |
Receive a larger deduction and a higher income rate than an immediate payment annuity. | ||
Create a long-term gift that won't draw funds from your estate. |
Create a new life insurance policy, or donate a paid-up policy of coverage you no longer need. |
Increase your ability to make a significant gift to SUNY Cortland through the Cortland College Foundation. | ||
Reduce gift and estate taxes and leave more of your assets to your heirs. |
Create a charitable lead trust to pay income to SUNY Cortland through the Cortland College Foundation for a fixed time, then pay the remainder to your heirs. |
Reduce gift and estate taxes, and freeze the taxable value of growing assets before they pass to your family. | ||
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