Launched in 1994, the Legacy Society recognizes and honors the many benefactors who have made enduring gifts by including Stevens Institute of Technology in their financial or estate plans. Stevens was actually founded with a significant bequest from Edwin A. Stevens, and it is therefore all the more fitting to recognize and celebrate the original foresight and support of the Stevens family through membership in the Legacy Society. Through gift planning, you help assure the University will accumulate and deploy the financial resources that enable us to operate and grow a premier institution training and educating the next generations of technologists and problem-solvers who will address the world's complex problems. Membership in the Society involves no dues, obligations, nor solicitations, but does allow us to thank you and recognize you for the thoughtful plans you have made.
CRITERIA FOR MEMBERSHIP
When you establish a charitable gift annuity or a charitable remainder trust with Stevens, or notify us in writing that you have established a trust, bequest or other planned gift for the University, you immediately become eligible for membership in the Legacy Society. Your planned gift may be for any amount, and your gift may either be unrestricted or designated for a specific program.
To acknowledge your thoughtfulness and generosity, as a member of the Legacy Society you receive an inscribed certificate and lapel pin, special mention in Stevens publications and invitations to special members-only events.
WAYS TO MAKE YOUR GIFT
Membership in the Legacy Society is open to those who have made long-range commitments to Stevens Institute of Technology. There are many ways to incorporate Stevens into your financial and estate planning:
- A bequest by will or living trust, through which you can make an impact on future generations
- The gift of a life insurance policy, whether a policy no longer needed for its original purpose or a new policy enabling a substantial future gift at a very modest annual cost
- A gift of retirement plan assets which would otherwise be subject to potential 'double taxation,' limiting their value to your heirs
- A Charitable Gift Annuity, providing lifetime income to you (or whomever you choose) as well as income and estate tax savings
- A Charitable Remainder Trust, providing lifetime income for you (or whomever you choose), income and estate tax savings, and the avoidance of capital gains taxes on highly appreciated property
- A Charitable Lead Trust, an intergenerational wealth-transfer tool that enables you to both provide for your heirs and give to Stevens – while also sharply reducing gift and estate taxes.
For answers to your estate and gift planning questions, please contact Michael Governor, Director of Planned Giving, at (201) 216-8967 or firstname.lastname@example.org.