Those who remember the College with legacy gifts are recognized as members of the Evergreen Circle, a distinguished group of supporters who, like our students, move always forward with gratitude and purpose. These alumni and friends remind us of the responsibility we have to prepare our students for the challenges and opportunities that lie ahead. Many of them have already named Le Moyne as a beneficiary in their wills or trusts. Others have made gifts through their IRA, life insurance, or sale of a home or business.

Join the Evergreen Circle
Le Moyne Campus
Join the Evergreen Circle

Le Moyne College thanks you for your interest in the Evergreen Circle. If Le Moyne College is in your estate, please download our membership form.

Download Membership Form

Completing this form will allow the College to recognize your generosity and to better plan for the future of the College. Upon completion of this form, it can either be mailed to Le Moyne College or emailed to: cogswek@lemoyne.edu

If you would like someone to contact you regarding Planned Giving options or for more information on the Evergreen Circle, please complete and mail or email the reply card.

Download Reply Card
Gifts of Long-Term Appreciated Assets

Giving a gift of long-term appreciated securities is in most cases more tax advantageous than giving cash. This is because capital gains taxes are avoided on gifts of long-term appreciated assets.

For taxpayers that will not be able to itemize deductions in a given year, gifts of long-term appreciated securities are now an especially important tool in their tax reduction tool kit.

How to Give Securities 
Download Instructions Here
The simplest way to transfer securities, such as stocks, to Le Moyne is through a depository trust company (DTC) transfer. For more information on how to transfer securities or to make a gift of securities online at lemoyne.edu/giving or contact Kate at cogswek@lemoyne.edu or on her cell at (315) 729-5865. If considering a gift of mutual fund stocks, please give Le Moyne extra time to process the transmittal.

IRA Charitable Rollovers have become a popular gift at Le Moyne.

If you are 70 ½ years of age or older and have a traditional Individual Retirement Account (IRA), you can use your required minimum distribution to give to Le Moyne through an IRA Charitable Rollover gift. To make an IRA Charitable Rollover gift to the College, contact your IRA custodian (this link has a form for your convenience) and direct them to distribute it to Le Moyne College. Please include your name and address in the transfer.

More information is online here.

Retirement plans like IRAs, 401(K), 403(B) and other retirement accounts grow tax deferred, often becoming quite large over the years. Unlike many other types of investments, funds withdrawn from retirement accounts can be taxable to you and, eventually, to your heirs. Designating Le Moyne College as the beneficiary of your retirement account may be a very tax savvy thing to do. Retirement accounts left to Le Moyne are removed from your estate for federal estate tax purposes. Plus, there is no income-tax assessed against your estate or your heirs when the funds are transferred to Le Moyne, allowing you to avoid multiple taxes.

If you have a life insurance policy that you no longer need, donating it to Le Moyne College may allow you to take advantage of a charitable tax deduction. For a paid-up policy, you will benefit from an income tax deduction equal to the replacement value of the policy or the tax basis (premiums paid on the policy up until the date of the gift), whichever is less. If premiums remain to be paid, future annual premiums (paid to Le Moyne) will qualify as tax-deductible charitable gifts.

You may wish to review your will and revisit your estate plan. Recent changes in estate tax law may allow you to leave more to your loved ones, tax-free. A charitable bequest to Le Moyne College, whether a specific amount, a percentage of your estate or the remainder after you have provided for your loved ones, will also allow you to create a philanthropic legacy while providing estate tax relief.

Sample Bequest Language:
“I give to Le Moyne College, a non-profit 501(c)(3) organization headquartered in Syracuse, New York, $________ or (specific asset) or _____% of my estate to be used for the following purpose: _________.

Tax ID#: (15-0545841)

Contact Information for Executors:
Kate Cogswell '85, J.D.
Phone: (315) 445-6124
Email: cogswek@lemoyne.edu

Panasci Family Chapel
Actuarial
As used in planned giving, refers to the factors used to calculate the value of lifetime payments to individuals or organizations.
Appreciated Property
Securities, artwork, real estate, or any other property that has risen in value since the donor acquired it. Generally, appreciated property may be donated to Le Moyne College at full fair market value with no capital gains cost.
Annuity
A contractual arrangement to pay a fixed sum of money to an individual at regular intervals. The charitable gift annuity is a gift to Le Moyne College that secures a fixed lifetime income to the donor and/or another individual.
Adjusted Gross Income (“AGI”)
The sum of an individual’s taxable income for the year – the total at the bottom of the first page of the 1040. Individuals may deduct charitable cash contributions up to 50% of AGI; they may deduct gifts of appreciated securities and appreciated property up to 30% of AGI.
Appraisal
An assessment of the value of a piece of property. Donors contributing real or tangible personal property (art, books, collectibles, etc.) to Le Moyne College must secure an independent appraisal of the property to substantiate the value they claim as a charitable deduction.
Basis
The donor’s purchase price for an asset. Mrs. Quinn bought stock for $100 per share and sold it for $175. Her cost basis in the stock is $100 per share.
Beneficiary
The recipient of a bequest from a will or a distribution from a trust.
Bequest
A transfer of property to an individual or organization under a will.
Capital Gains Tax
A federal tax on the appreciation in an asset between its purchase and sale prices.
Cost Basis
See Basis.
Endowment Fund
The permanently held capital of a College such as Le Moyne College, used to support ongoing projects and meet institutional opportunities.
Estate Tax
A federal tax on the value of the property held by an individual at his death (it’s paid by the estate, not the recipients of the bequests). In contrast , state inheritance tax is applied to the value of bequests passing to beneficiaries; it is also paid by the estate before the distributions are made.
Executor
The person named in a will to administer the estate.
Fair Market Value
The price that an object of property would bring on the open market.
Grantor
The individual transferring property into a trust.
Income Interest
In a trust, the right to receive income payments for lifetime or a term of years.
K-1 (also W-2)
The IRS forms that Le Moyne College sends its life income gift participants noting the income paid them by their planned gifts during the tax year.
Life Income Gift
A planned gift that pays income to the donor and/or other beneficiaries for lifetime, then distributes the remainder to Le Moyne College.
Personal Property
Securities, artwork, business interests and other items of property – as opposed to real property, used in planned giving to refer to land and the structures built on it.
Remainder
In a trust, the portion of the principal left after the income interest has been paid to the beneficiary(ies). A charitable remainder trust pays income to the donor or other individuals and then passes its remainder to Le Moyne College.
Remainderman
A legal term for the individual or organization who receives the trust principal after the income interest has been satisfied.
Testator
The individual making the will.
Trust
A transfer of property by the grantor to the care of an individual or organization, for the benefit of the grantor or others.
Trustee
An individual or organization carrying out the wishes of the person who established the trust, paying income to the beneficiaries and preserving the principal for ultimate distribuition.

 
Contact Us for More Information About the Evergreen Circle


Kate Cogswell '85, J.D.
cogswek@lemoyne.edu
(315)445-6124