A planned gift to Siena College allows you to make charitable gifts, continue to meet your current income needs, and take advantage of current tax incentives. Gifts of all sizes allow you to carry on the essence of philanthropy inspired by the Franciscan Friars of the Holy Name Province and their establishment of the college in 1937.
Here you'll find all the information you need when considering a planned gift to the College. You will also find information to share with your financial advisor and estate planner. When you are ready, you can use this site to reach out to us to share your plans, let us know what you are considering, or just to start a confidential, no obligation conversation about what's possible.
Members of the St. Francis Society have chosen to extend their legacies while furthering the work of Siena College by including the College in a will, trust, or other legacy gift.
If you've included Siena in your philanthropic plans or intend to do so, please let us know. Sharing your intentions allows us to help you choose the gift that's right for you, and better plan for Siena's future.
Not only do you have options for how your gift will be used, you also have options on what to give and how to give. There are gifts that cost you nothing now, gifts that pay you income, and gifts that allow you to decide what happens when.
Naming Siena as the beneficiary of a retirement plan asset such as an IRA, 401(k), or 403(b) will accomplish a charitable goal while realizing a significant tax savings.
Through a provision in your written and executed will or living trust, you can make a gift to Siena in the form of cash, securities, or real estate. There are many types of bequests. Consult with your attorney to choose the one that best fits your needs and intentions.
When you donate appreciated stocks, bonds, or mutual fund shares instead of cash, your gift costs you less than the amount Siena receives. Youll get a charitable deduction for the full amount of your gift and avoid the impact of capital gains taxes.
If youre 70 ½ or older, each year you can instruct your IRA administrator to transfer all or part of your required minimum distribution (up to $100,000) directly to Siena and avoid paying the tax had you taken it as income.
Like stock, the fair market value of gifts of appreciated assets can be deducted from your income tax today, allowing you to avoid capital gains and reduce estate taxes in the future. There are even ways to donate your home and live there as long as youd like.
Designate Siena to receive all or a portion of the balance of your Donor- Advised Fund (DAF) through your fund administrator. You also can make a grant to us at any time from your donor-advised fund. The balance in your DAF passes to the college when it terminates.
Charitable remainder unitrusts make payments to you or another beneficiary with the remaining value passing to Siena. Charitable lead trusts provide payments to the college with the remaining value passing to your heirs. For the savvy donor, charitable trusts can provide tax-advantaged income, eliminate capital gains tax, or preserve assets for your heirs.
Name Siena as the beneficiary of an existing life insurance policy or donate an existing, paid-up life insurance policy you no longer need.
Planning your estate and legacy for future generations including your charitable interests takes careful evaluation. Our experienced professionals can assist you through the process of completing a gift to the Siena College for the purpose of your choice.
Let’s talk soon-- please find our contact info below, or submit this form.
515 Loudon Road, St. Francis House
If you are working with a professional advisor, or advising a donor, heres a useful guide for including Siena College in a charitable estate plan.