- Can I create income with my gift?
Yes! Hofstra has many plans for Gifts That Pay You Income. You can also provide income for a child, a grandchild, a parent, or a friend. That income can increase cash flow now and/or during retirement, pay for a college education, provide income for aging parents, or perhaps assist a loved one with special needs. You can also provide income to Hofstra by using a Charitable Lead Trust.
- I am unable to make a current gift, but I'd still like to support Hofstra in the future. Any ideas?
An easy and low-cost way to make a gift to Hofstra is to include Hofstra in your will or revocable trust. Gifts by Will are a major source of endowment support at Hofstra . Each individual legacy contributes to our financial strength and ability to meet the needs of our students. If you have not already done so, please consider putting Hofstra in your will or revocable trust. See our Bequest Language page for samples of how to do this. You can also designate Hofstra the beneficiary of Life Insurance, annuities, or Retirement-Plan Benefits.
- What asset should I use to make my gift?
While cash or a check is a simple way to make a gift, you might want to consider the following:
| Gift Type |
Possible Benefits |
| Cash |
- Current income-tax deduction
- Generate income
|
| Appreciated securities, such as stocks, bonds, or mutual funds |
- Elimination or reduction of capital-gain tax
- Current income-tax deduction
- Generate income
|
| Transfer of residential, commercial, or undeveloped real estate |
- Elimination or reduction of capital-gain tax
- Income- and estate-tax savings
- Generate income
- Relief from management
|
| Donate an interest in closely held or family business stock |
- Reduce the cost of passing the business to heirs
- Income- and estate-tax savings
- Generate income
|
| Give us tangible personal property like art, books, or collectibles |
- An income-tax charitable deduction
|
| Make Hofstra the owner and beneficiary of life insurance or annuities |
- Income- and estate-tax savings
|
- Can I direct how Hofstra will use my gift?
Yes, many donors direct that their gifts be used to fund programs, support specific departments, or establish a scholarship. Please be sure to discuss this with a gift officer when you make your gift.
- How will Hofstra recognize my gift?
Your gift will be listed in the Honor Roll of Donors in the fiscal year you make the gift. If your gift is a bequest commitment or through life insurance, life-income plans, or lead trusts, you will become a permanent member of our Calkins Society. Of course, we will also honor any requests for gifts to be anonymous.
Please contact the Gift Planning Office for more information.
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