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.
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:
" I give, devise and bequeath to the Stony Brook
Foundation, Inc., Stony Brook, NY 11790, (percentage of
residue, sum, or description of property), the principal
and income of which shall be used for (you may describe
a specific purpose for the use of your bequest)."
Bequests may be made in the following ways:
- Specific Bequest. Stipulates an
amount, a percentage, or particular securities
or other assets.
- Residuary Bequest. States that all
or a portion of your estate be given after
specific amounts are distributed to other
- Contingent Bequest. Directs that
your assets be distributed if your primary heirs
do not survive you.
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
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
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
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.
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.
To fulfill a pledge or to make an outright gift using
your credit card, visit our
secure online giving page.