It is a way to support Hobart and William Smith Colleges without affecting your current lifestyle. We believe that it is vitally important that each gift has the benefit and impact that you intend, and we are here to help you choose the gift that's right for you.
This site is designed to make it easy for you to get the information you need when considering a planned gift. You will also find information to share with your financial advisor and estate planner. When you are ready, you can use this site to reach out to us to share your plans, let us know what you are considering, or just to start a confidential, no obligation conversation about what's possible.
The Wheeler Society recognizes individuals and families who have established a planned gift in support of the Colleges. Since it was established in 1989, The Wheeler Society has welcomed more than 1,000 alumni, alumnae, parents and friends who have invested in the Colleges as they have their own families. Their gifts — both modest and large — have reshaped the Colleges and their future.
You need neither great wealth nor grey hair to become a member of The Wheeler Society. If you've included Hobart and William Smith Colleges in your long term plans or intend to do so, please let us know, so we can welcome you to The Wheeler Society.
Naming Hobart and William Smith as the beneficiary of a retirement plan asset such as an IRA, 401(k), or 403(b) will accomplish a charitable goal while realizing a significant tax savings.
Through a provision in your written and executed will or living trust, you can make a gift to Hobart and William Smith. There are many types of bequests. Consult with your attorney to choose the one that best fits your needs and intentions.
You can turn underperforming assets (cash, stock, CDs, etc.) into a gift to Hobart and William Smith that makes payments to you and a loved one. Your Hobart and William Smith charitable gift annuity will return fixed, semi-annual payments for life and provide tax benefits, too.
When you donate appreciated stocks, bonds, or mutual fund shares instead of cash, your gift costs you less than the amount Hobart and William Smith receives. Youll get a charitable deduction for the full amount of your gift and avoid the impact of capital gains taxes.
If youre 72 or older, each year you can instruct your IRA administrator to transfer all or part of your required minimum distribution (up to $100,000) directly to Hobart and William Smith and avoid paying the tax had you taken it as income.
Like stock, the fair market value of gifts of appreciated assets can be deducted from your income tax today, allowing you to avoid capital gains and reduce estate taxes in the future. There are even ways to donate your home and live there as long as youd like.
Designate Hobart and William Smith to receive all or a portion of the balance of your Donor- Advised Fund (DAF) through your fund administrator (you also can make a grant to us at any time from your donor-advised fund). The balance in your DAF passes to Hobart and William Smith when it terminates.
Charitable remainder unitrusts make payments to you or another beneficiary with the remaining value passing to Hobart and William Smith. Charitable lead trusts provide income payments to Hobart and William Smith with the remaining value passing to your heirs. For the savvy donor, charitable trusts can provide tax-advantaged income, eliminate capital gains tax, or preserve assets for your heirs.
Name Hobart and William Smith as the beneficiary of an existing life insurance policy or donate an existing, paid-up life insurance policy you no longer need.
We welcome the opportunity to answer questions or provide additional information. Please submit this form or use my contact information below for a confidential conversation.
If you are working with a professional advisor, or advising a donor, here's a practical guide for including Hobart and William Smith Colleges in a charitable estate plan.