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WAYS TO GIVE

Making a gift to the Stony Brook Foundation is a highly effective way to realize your transforming philanthropic power. You can feel confident about investing in a world-class institution while creating tax benefits for yourself and your family, or for your organization.

Gifts of Cash, Check, or Credit Card - Gifts of this type are valuable because the funds are immediately available to the University for the purpose specified. Gifts should be made in U.S. currency and payable to the Stony Brook Foundation. Foreign currency will be valued at the U.S. dollar equivalent on the date the gift is received. If you wish to make a gift via wire transfer, please contact the Stony Brook Foundation. We accept Visa, Mastercard, American Express, and Discover.

All checks should be mailed to:

Stony Brook Athletics - External Services
Attn: Athletic Department Fund for Excellence
Stony Brook Indoor Sports Complex
Stony Brook, NY 11794-3500
(631) 632-6312

Gifts of Marketable Securities - Consult your financial advisor to find out about the possible tax advantages of donating securities, and remember to ask about donating securities subject to capital gains. You can donate publicly-traded securities, the value of which will be the average of the highest and lowest selling prices quoted for the stock on the date of delivery. Marketable bonds or other securities that will mature are acceptable as gifts regardless of maturity date. Please contact us for complete instructions to process a gift of securities.

Gifts of Tangible Personal Property - Specialized equipment, rare books or manuscripts, and artwork are examples of tangible property gifts that the University will accept if the potential gift is of scholarly interest and/or of use to the University. Please note that the Stony Brook Foundation cannot appraise or assign valuation to gifts of tangible property.

Individuals: The law requires that when you estimate your gift at $5,000 or more and intend to claim it as a tax deduction, you must obtain a written appraisal by a qualified independent appraiser. In order for you to claim a gift of tangible personal property on your income tax return, please forward a completed IRS Form 8283 (instructions).

Corporations: Consult your tax advisor for information on the potential tax deductibility of your firm's gift and for the proper procedure to claim it. Gifts of Real EstatePlease contact us to discuss this type of gift.

Gifts of Other Assets - Subject to a thorough review by the Stony Brook Foundation Investment Committee, gifts of non-traditional investments, such as promissory notes, patents, partnership interests, and closely-held stocks, can be donated. Please contact us at (631) 632-6536 if you would like to donate a non-traditional investment to the University.

Planned Giving - The Stony Brook Foundation can accept planned gifts and will serve as sole trustee of any deferred gift that requires the appointment of a fiduciary. Donors who give $25,000 or more are eligible to join the John S. Toll Heritage Society. The Stony Brook Foundation accepts the following types of planned gifts: Bequests, life insurance policies, and charitable gift annuities.

Bequests - A bequest is a gift of any amount or form made to the Stony Brook Foundation in a donor's will. The following is recommended language that may be used to make a gift to the Stony Brook Foundation through your will.

Life Insurance Policies - The Stony Brook Foundation (SBF) must be designated as the irrevocable owner and beneficiary of the policy in order for life insurance to constitute a gift. For policies that are not paid-up, the donor contributes the money required for the premium payments directly to SBF, which will then make the premium payments to the insurance carrier. The minimum amount for the policy is $25,000.

Charitable Gift Annuities - A charitable gift annuity is a contract between you and the Stony Brook Foundation (SBF). The donor transfers assets, and in return, SBF agrees to make quarterly, fixed payments to the donor for the rest of his/her life. The minimum age for establishing an annuity is 55, and the minimum amount for the annuity is $25,000. A deferred charitable gift annuity allows the donor to take a charitable tax deduction to the extent permitted by law while deferring the receipt of income for a term of years.

Matching Gifts - If you are employed by a company or are a corporate retiree, you can often make your generous gift even more effective by checking to see if your employer has a matching gift program for charitable contributions. Taking the time to fill out a form from your company may double or even triple the amount of funding the Stony Brook Foundation ultimately receives.

Please check with your employer or contact us to determine if your employer is a matching gift company.

Honorary and Memorial Gifts -This is a thoughtful way to recognize a relative, colleague, or classmate. Your generosity can acknowledge the life and work of someone close to you and create a lasting tribute to the person honored or memorialized. An endowed gift is an effective way to make an honorary or memorial donation. Please contact us to help you identify honorary or memorial gift opportunities at any level. Pledges - A pledge is a formal commitment that is payable over several years and can be unrestricted, to be used where the need is the greatest , or restricted to a specific program or college. Either way, your generosity can make a tremendous impact.