Gifts That Cost You Nothing Now
Gifts in a Will and Gifts by Beneficiary Designation are two easy ways to make gifts that will have an impact for generations to come — and they don’t cost anything now.
Gifts in a Will
A gift in your will is one of the easiest ways to create your legacy of impacting the world through life-changing opportunities for deserving students, world-changing scientific discoveries and technological innovations.
Achieve your legacy of global impact with these benefits for you:
Costs you nothing now to give in this way.
You can alter your gift or change your mind at any time and for any reason.
Your gift will create your legacy of re-inventing higher education in science, technology, engineering, and math.
4 simple, “no-cost-now” ways to give in your will
Leaves a gift of a stated sum of money in your will or living trust. For example, you might decide to leave each of your grandchildren $10,000. It’s considered to be ‘general’ because it doesn’t specify from where the money comes.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in creating a world informed and inspired by Rensselaer Polytechnic Institute — and it costs nothing now.
By naming RPI as a beneficiary of these assets, you power the future of higher education. Your gift impacts people of all backgrounds through RPI and becomes your personal legacy to the world.
Reduce or eliminate taxes on retirement assets
Reduce or avoid probate fees
No cost to you now
Create your legacy with Rensselaer
To name Rensselaer Polytechnic Institute as a beneficiary of your retirement plan, contact your administrator to see whether a change of beneficiary form must be completed.
How to Change a Beneficiary Designation
Login to your account or request a Change of Beneficiary Form from your custodian (the business holding your money or assets).
Follow the links to change your beneficiary or fill out the form.
Be sure to spell the name of our organization properly: Rensselaer Polytechnic Institute
Include our tax identification number: 14-1340095
Save or submit your information online or return your Change of Beneficiary Form.
Types of Gifts
A Gift of Retirement Funds (beneficiary of your retirement plan)
You can simply name Rensselaer Polytechnic Institute as a beneficiary of your retirement plan to create your legacy of global impact through Rensselaer.
A gift of funds remaining in your bank accounts, brokerage accounts or certificate of deposit (CD)
This is one of the easiest gifts to give and one of the most useful in accomplishing what you want – supporting our students and faculty. The next time you visit your bank, you can name Rensselaer Polytechnic Institute (Tax ID: 14-1340095) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward impacting students and the world for generations to come.
Donor-Advised Fund (DAF) residuals
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name Rensselaer Polytechnic Institute as a “successor” of your account or a portion of your account value, you build the future of Rensselaer as a top-tier technological research university with global reach and global impact.
If you have bonds that have stopped earning interest and you plan to redeem them, you might owe income tax on the appreciation. That could result in your heirs receiving only a fraction of the value of the bonds in which you invested. Since Rensselaer Polytechnic Institute is a tax-exempt institution, naming us as a beneficiary means that 100% of your gift will go toward our shared mission of impacting the world.
Complimentary Planning Resources are Just a Click Away!
Creative Ways to Make a Major Impact
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Drew Babitts, MBA, CAP®
Director, Gift Planning
Rensselaer Polytechnic Institute