Private support has allowed Wagner College to build upon its commitment as an educational institution, providing academic and scholarship programs to a diverse student body. The generosity of those who give to the College makes a crucial difference in Wagner College's ability to fulfill its mission.
Wagner has benefited from generous gifts from members of the Wagner community who have taken advantage of incentives for tax-free charitable giving that the IRA Rollover provides. A Relief Act was passed on January 1, 2013 with a few key changes. We hope that you will find this, the accompanying Update Regarding the American Taxpayer Relief Act: Extension of the IRA Rollover helpful and informative.
Life income arrangements vary, but most options offer the following financial benefits:
- An income for life to the donor and second beneficiary
- A charitable income tax deduction
- A higher rate of return than many current investments
- A reduction or avoidance of capital gains taxes; and
- Savings on estate and gift taxes; and professional investment management.
Philanthropy at Wagner College takes numerous forms. While many individuals make current or outright gifts (such as a gift to the Wagner Fund or to a specific capital project), others choose to defer their support until a specific point in the future or their death. This investment in the future of Wagner College is known as a deferred or planned gift. Some deferred gifts produce an income for the lifetime of the donors and a secondary beneficiary and most result in income tax and estate tax benefits.
Planned gifts that can be changed by the donor are known as revocable gifts. Such gifts allow the donor to retain control of an asset for his/her lifetime. These gifts often come to Wagner in the future and often provide estate tax benefits. Revocable gifts include bequests by will, gifts from IRAS and pension plans and some gifts of life insurance.
Gifts that cannot be changed, or rescinded, by the donor are known as irrevocable gifts. These include some gifts of life insurance, charitable gift annuities, charitable remainder trusts, charitable lead trusts, and retained life estate. Irrevocable gifts involve an immediate transfer of assets to benefit Wagner at a specific time in the future, or upon the death of the donor or/ and his/her secondary beneficiary. In many cases, the donor receives an immediate income tax deduction, annual income and capital gains and estate tax benefits.
We hope that you will find this, the accompanying Tools of Gift Planning, and other pages and features of the Wagner College Gift Planning site informative, helpful and, yes, inspiring.
- To make a gift of securities, please authorize your broker to transfer the stock via DTC wire transfer to Wagner's broker, Morgan Stanley in Red Bank, NJ. Please include an accompanying letter with your name, authorization of the transfer, name of the security, number of shares, approximate value, and purpose of the gift to Wagner College. Please have your broker contact the Wagner College Development Office at 718-390-3404 for the DTC and Gifting Account Number. Here is an example of the type of information you need to give your broker:
- I (We) authorize the transfer of 100 shares of ABC and 300 shares of DEF from my account to Wagner College current use account at Morgan Stanley, 20 Linden Place, Red Bank, NJ 07701.
- Your broker should then contact Eric Leifer at Morgan Stanley (email@example.com or 800-726-6971) to notify him to anticipate the transfer. The efax number is 732-676-7820.
- If the gift is for a restricted or endowed fund, or for a special purpose, please e-mail Annmarie Lambiasi, Director of Advancement Services, at firstname.lastname@example.org with your intentions.This e-mail has to come from the donor, not the broker.
- Please download the gift letter below addressed to Wagner College. Fill out the number of shares and the name of the company(ies). If the gift is for a restricted fund or special purpose please note your intentions as well. If the certificate(s) are held jointly, then both parties must sign the gift letter.
- You will also need to provide a stock power form for each company that should be signed the same way as the name(s) appear on the certificate. You can download the “stock power” form below. You do not fill in blanks or anything else on the stock power form -- just sign.
- Do not write on the certificate; do not fill in blanks; do not sign your name(s). Send just as they are.
- Send the gift letter, certificate(s) and stock power form(s) to Annmarie Lambiasi, Director of Advancement Servicves, Wagner College, One Campus Road, Staten Island, NY 10301. For compliance purposes, please send the stock certificate under separate cover, and the gift letter and stock power in a different envelope. We recommend sending via FedEX or UPS, or by US mail with a tracking number.
If you have any questions please contact:
Annmarie Lambiasi, Director of Advancement Services at 718-420-4163 or email@example.com