BequestIf you are looking for a way to leave a lasting legacy, consider naming us as a beneficiary of your will or trust. This is among the most popular ways to give back and allows you to continue to use your assets.
The official bequest language for the Buffalo State Foundation is:
"I, (name), of (city, state, ZIP), give, devise, and bequeath to the Buffalo State College Foundation, Inc., (written amount or percentage of the estate or description of property) for its unrestricted or restricted use and purpose."
Buffalo State College Foundation, Inc.
Tax ID#: 16-6037117
A charitable bequest, also known as a gift from your will or living trust, offers these primary benefits:
Simplicity. Just a few sentences in your will or trust are all that is needed.
Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
Versatility. You can structure the bequest to leave a specific item or amount of money, make the gift contingent on certain events, or leave a percentage of your estate to us.
Tax Relief. If your estate is subject to estate tax, your gift is entitled to a deduction for the gift's full value.
To make a charitable bequest, you need a current will or revocable living trust. If you intend for your bequest to SUNY Buffalo State to be used for a specific program or department, you must include language in your will that reflects those wishes.
Undesignated bequests are unrestricted and are used at Buffalo State for unrestricted purposes.
We are happy to assist you with incorporating charitable gifts in your estate plan that fulfill your personal and philanthropic goals.
This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.