Contact

Office of Development
Utica College

(315) 792-3053

How to Fund Your Gift

Your planned gift can be funded in several ways.  Click the following gift options to learn about the benefits.

Cash Real Estate Life Insurance
Securities Gifts in Kind Retirement Plan Assets

Gifts of Cash


The simplest way to give. However, you can deduct a cash gift for income tax purposes only in the year in which you contribute it. Your cash gifts are deductible up to 50 percent of your adjusted gross income for the taxable year, but any excess is deductible over the next five years. Return to top.

Gifts of Securities

The best stocks to donate are those that have increased greatly in value, particularly those producing a low yield. Even if it is stock you wish to keep in your portfolio, by giving us the stock and using cash to buy the same stock through your broker, you will have received the same income tax deduction but will have a new, higher basis in the stock. Return to top.

Gifts of Real Estate

If you own property that has appreciated in value, an outright gift may be the simplest solution. You can deduct the fair market value of your gift, avoid all capital gains taxes and remove that asset from your taxable estate. You can transfer the deed of your home or farm to us now and keep the right to use the property for your lifetime and that of your spouse. Return to top.

Gifts in Kind


Gifts of personal or business property are a great way to support our organization. The tax benefits can help you and your family or loved ones. Return to top.

Gifts of Life Insurance


You can donate a life insurance policy to us or simply name us as the beneficiary. For the gift of a paid-up policy, you will receive an income tax deduction equal to the lesser of the cash value of the policy or the total premiums paid. To qualify for the federal charitable contribution deduction on a gift of an existing policy, you must name us as owner and beneficiary. Return to top.

Gifts of Retirement Plan Assets

Did you know that nearly half your retirement plan assets can be eaten away by taxes at your death? Learn how to preserve more of your estate for the people and organizations that matter most in your life. Return to top.

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