Through a variety of giving options, you can support Daemen College – and become an integral part of the college community while providing more opportunities to continue our distinctive educational experience.
Ways to Give
Make your check payable to Daemen College and mail to:
Office of Institutional Advancement
4380 Main Street
Amherst, NY 14226-3592
Call the Office of Institutional Advancement with your American Express, Visa, MasterCard or Discover Card.
1-866.4DC.ALUM, local (716) 839-8212.
Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to our organization.
You may give a gift of stock or bond by electronic transfer or by certified mail.
Please contact us for instructions on how you can transfer stock or bonds from your brokerage or investment account to Daemen College.
If you hold securities in certificate form, you will need to mail two envelopes separately to complete your gift. In the first envelope, place the unsigned stock certificate(s). In the other envelope, include a signed stock power for each certificate. You may obtain this power from your broker or bank. Please remember to use certified mail.
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to Daemen College.
If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.
To leave your retirement assets to Daemen College, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate Daemen College as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.
Benefits of an IRA charitable rollover:
- Avoid taxes on transfers of up to $100,000 from your IRA to our organization
- Satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Daemen College that will make a lasting impact.
With the help of an attorney, you can include language in your will or trust specifying a gift to be made to family, friends or Daemen College as part of your estate plan, or you can make a bequest using a beneficiary designation form.
A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
If you are considering making an outright bequest to Daemen College, we recommend the following language:
I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Daemen College, a nonprofit organization located at 4380 Main St., Amherst, NY, 14226, Federal Tax ID #16-0759798, for Daemen College's general use and purpose.
You may be tired of living at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life.
Benefits of a charitable gift annuity:
- Receive fixed payments to you or another annuitant you designate for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.
- Receive a charitable income tax deduction for the charitable gift portion of the annuity.
Donating appreciated real estate, such as a home, vacation property, undeveloped land, farmland, ranch or commercial property can make a great gift to our organization. Your real property may be given to Daemen College by executing or signing a deed transferring ownership. You may deed part or all of your real property to Daemen College. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal. A gift of real estate will maximize the impact of your giving without affecting your current financial situation.
A gift of your life insurance policy is an excellent way to make a gift to Daemen College. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Daemen College. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include Daemen College as the beneficiary of your policy.
Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.
You can also designate Daemen College as a partial, full or contingent beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. Your estate may benefit from an estate tax charitable deduction.
Your deduction for the gift of life insurance will depend on whether the policy has increased in value above the premiums and whether the policy is paid up or there are remaining payments to be made.