Year End Giving

RPI offices will be closed from Monday, December 25, 2023 through Monday, January 1, 2024. Please use the following as a guide to make your year-end gift.

Year-End Giving Tips

Your philanthropic support plays a key role in our ability to provide a world-class education to future generations of RPI alumni. As you consider your year-end giving options, here are a few tips to maximize your year-end donation!

Charitable Gift Annuity (CGA): The Gift That Pays You!

2023 is the Year of the Charitable Gift Annuity (CGA)!

  • Higher payout rates
  • Larger charitable income tax deductions
  • More tax-smart opportunities to create a legacy at at RPI

The IRS discount rate is at an all-time high, meaning you receive a higher charitable deduction for your gift in addition to receiving payments for life, no matter what the markets do.  The table below illustrates the rates and payments of a $25,000 gift:

Age Age 65 Annual Payments Age

70

 Annual Payments Age

75

 Annual Payments
Immediate 5.4% $1,350 5.9% $1,475 6.6% $1,650
Deferred five years 7.2% $1,800 8.1% $2,025 9.3% $2,325
  • With a gift annuity, you donate using cash, marketable securities, or other assets, and we, in turn, pay you a fixed amount for life.*
  • Establish a CGA before 12/31/23 for a 2023 charitable deduction.

To learn more about CGAs, please contact Drew Babitts, Director of Gift Planning, at babita@rpi.edu or 518-276-8365.

*CGAs may not be available to residents in certain states.  Age restrictions apply.

Annuities are subject to regulation by the State of California. Payments under this agreement, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association.  A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. This information should not be considered legal, accounting, or other professional advice. Your actual benefits may vary depending on several factors, including the timing of your gift

Qualified Charitable Distribution (QCD) from Your IRA

Quick Facts:

  • Must be 70 ½ or older.
  • Donate up to a total of $100,000 per year.
  • Must be transferred directly from your IRA to Rensselaer.
  • Does not create taxable income, nor is it tax deductible.

DOWNLOAD A SAMPLE LETTER FOR YOUR IRA ADMINISTRATOR

Donating Long-term Appreciated Securities: The Benefits

Quick Facts:

  • Costs less because you paid less. No capital gains tax.
  • Itemizers can deduct the fair market value.
  • Eliminate capital gain from your portfolio by repurchasing the security with the cash you would have donated.

VIEW TRANSFER INSTRUCTIONS

Donor Advised Fund Gifts

  • Donor Advised Fund gifts are another year-end gift option and make an immediate impact to help our students change the world.

VIEW DETAILS AND GIVE NOW FROM YOUR DONOR ADVISED FUND

Please note that the content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice.

Frequently Asked Questions (FAQ)

What are my options for year-end giving?

Gifts of cash (money order) or personal check are generally tax deductible up to 50% of the donor’s adjusted gross income. Any excess can be carried over for five years.

Send your gift to RPI via secure lockbox:

Rensselaer Polytechnic Institute
Gifts Processing Center
P.O. Box 3164
Boston, MA 02241-3164

For information about giving stock and securities please visit our Appreciated Securities page.

For information about all our giving options please visit our How to Give page.

Note: If you’d like to make a gift in honor or memoriam, please indicate the name of the person on the memo line in your check, or on the online form. You may also email us and let us know a recent gift is in honor or memoriam.

How do I ensure that my contribution is counted in 2023?

For your year-end contribution to be credited for the 2023 tax year, please make your gift on or before December 31, 2023.

Will someone be available to answer my questions during the time period the Rensselaer offices are closed?

Yes, a representative will be available via phone (518) 276-6055 and email to answer questions. We will return your message as soon as we can.

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