Giving FAQs


     

  1. How do I make a donation to Hilbert College?
  2. How will my donation help Hilbert College?
  3. What kinds of outright giving options are there?
  4. Is my donation tax deductible?
  5. What is planned giving? What kinds of planned giving options are there?
  6. What are the advantages of planned giving?
  7. Does Hilbert have a matching program for employers who wish to match employee donations?
  8. I am an employer. How do I participate?
  9. I am an employee. How do I find out if my employer participates?
  10. How does support from corporations and foundations help Hilbert?
  11. What are some potential areas for foundations and corporations to fund?
  12. How do I create an endowed gift or scholarship?
     

1. How do I make a donation to Hilbert College?
To make a donation to Hilbert College, simply fill out the online donation form on the Make a Gift page, or call us at (716) 649-7900, ext. 300, or e-mail us and we'll be happy to mail you a pledge form.

2. How will my donation help Hilbert ?
A gift from you to Hilbert helps provide scholarship aid and funds faculty development; it assists with everyday expenses such as building operations; and it allows the college to explore new opportunities for growth. Specifically, thanks to the generosity of people like you, the first phase of a new student apartment complex is fully occupied and the second phase is well on the way to completion. The college has also added new faculty, more academic program options, such as majors in forensic science/ crime scene investigation, rehabilitation services and communication studies, and additional minors.

3. What kinds of outright giving options are there?
You can make an outright gift of cash, securities, real property, or personal property.

4. Is my donation tax deductible?
Gifts are tax deductible to the fullest extent of the law. In addition, gifts in the form of appreciated securities can earn extra tax advantages because not only do you get an income tax deduction, but you can also minimize capital gains tax.

5. What is planned giving? What kinds of planned giving options are there?
Planned giving refers to charitable gifts that are arranged with forethought and planning and are executed over an extended period of time or at some point in the future.

Hilbert offers several ways for donors to make planned gifts, including through life insurance, bequests, charitable remainder trusts, or charitable lead trusts.

6. What are the advantages of planned giving?
Planned gifts are a popular method of giving because they can provide tax benefits and sources of income. The advantages of planned giving include being able to make a larger charitable gift than you thought possible; a reasonable and reliable rate of return on low-yielding assets; minimizing capital gains tax; an immediate charitable income tax deduction; removal of assets from an estate and tax savings for heirs; continual personal use of an asset with promise for a future gift; and enhance value to assets other than cash when gifts are funded by appreciated securities, real estate, closely held stock, or life insurance.

7. Does Hilbert have a matching program for employers who wish to match employee donations?
Yes. Go to our Matching Gift section for more information.

8. I am an employer. How do I participate?
Contact Hilbert's Office of Institutional Advancement at (716) 649-7900, ext. 340 or e-mail us.

9. I am an employee. How do I find out if my employer participates?
To find out if your employer is a matching gift company, contact the personnel, human resources or community relations office where you work.

10. How does support from corporations and foundations help Hilbert? What are the benefits?
Your partnership with Hilbert College will allow us to continue offering excellent programs in the face of funding challenges; assure that our programs continue to be top quality; and assist in preparing our students for successful careers in their chosen fields.

Additionally, through corporate relations, we can use our assets to address the needs of our corporate partners. Some ways we have supported our corporate partners is through recruitment and hiring, internships, and faculty expertise.

11. What are some potential areas for foundations and corporations to fund?
Corporations and foundations fund many of the same programs that interest our individual donors, such as scholarships, building construction and maintenance, special academic projects and classroom support, research studies, and internship stipends.

12. How do I create an endowed gift or scholarship?

Building the Hilbert College endowment is one of the highest priorities for College leadership, allowing Hilbert to develop programs of lasting quality for students. Endowed gifts are meant to exist in perpetuity and are invested for long-term growth. Each year, approximately five percent of the endowment fund’s earnings are made available in the form of a payout supporting student scholarships and College programs. The Board of Trustees, in consultation with the College, may vary the spending rate to meet the needs of the endowment, adjust to market conditions, and ensure preservation of capital. Return on the endowment exceeding the normal spending allocation is typically held in reserve for years when the return does not meet the spending allocation.

Scholarships
Generous gifts to scholarships make it possible for Hilbert to continue building an extraordinary community of scholars, with funds assigned according to need and merit. In addition to meeting pressing financial needs, students connect with the donors who have supported them through annual letters or campus visits, creating a relationship with the generous partners who have supported their educational aspirations.
Hilbert College has many named endowed scholarships that provide support to students. The minimum gift required to establish a named endowed scholarship is $10,000. Only endowed funds meeting threshold criteria will be named. A gift of any amount may be designated for the support of scholarships and will reside in a pooled scholarship fund.
Guidelines for Establishing a Scholarship
Creating a named scholarship is one way you can assist students and leave a legacy to Hilbert. It's also a very meaningful way to honor family and friends.
Step 1: Determine Type of Scholarship Fund
The first step is to determine whether you would like to establish an "endowed" scholarship or an "annual" scholarship.
Endowed Scholarships
Endowed scholarship funds are designated to be permanent and perpetual. The minimum amount to establish an endowed scholarship at Hilbert College is $10,000. This gift amount can be made in full at the outset or with an initial commitment that is added to over time until the endowment level of $10,000 is attained. If the endowed scholarship fund reaches a total of $250,000, it will be considered fully endowed. The principal of the fund will be invested to produce income and an annual award will be disbursed to a deserving student(s). As regulated by NYPMIFA guidelines, the principal will remain untouched in perpetuity unless explicit permission is given by the donor for extenuating circumstances.
 Annual Scholarships
Annual scholarships can be established with an outright gift of $1,000. An annual commitment of $1,000 per year for four years is recommended, and the annual gift is awarded to recipients over the four-year period. Unlike an endowed scholarship described above, an annual scholarship is not a permanent fund and is awarded only as long as you (or others) choose to contribute to the fund.
Step 2: Establish Scholarship Criteria
As a scholarship donor, you choose the name of the scholarship as well as the criteria. The Office of Institutional Advancement staff is available to help you create the criteria for your scholarship. Endowed and annual scholarships at Hilbert are awarded to deserving students based upon area of interest, program of study, geographical origin, leadership potential, merit, financial need, academic achievement and/or other criteria. Hilbert College must agree to any special award conditions established by the donor.
Step 3: Administration of Scholarship Funds
Major contributors of a scholarship fund are notified annually when the scholarship recipient(s) has been selected and the contributors are informed of the name and hometown of the recipient, as well as the amount of the award. Recipients often write a thank you note to the donor, and in some cases, the recipient and donor are able to meet.
Tax Benefits of Funding a Scholarship
An outright gift in the form of cash or appreciated securities will allow you to receive immediate tax benefits in the year you make the gift to Hilbert College. In the case of appreciated securities, you also avoid capital gains taxes by transferring ownership of the funds to Hilbert.
You can also provide for your scholarship in your estate plans. Estate gifts or planned gifts are an easy way to establish a scholarship without affecting your current income or assets.
Selection criteria
You can aid in establishing the scholarship criteria by expressing your intentions for the award. Hilbert College will draft the scholarship criteria according to your specifications and present it to you for your approval.
Notification of student award recipient
You will be notified annually when the scholarship recipient(s) has been selected. You will be informed of the name and hometown of the recipient, as well as the amount of the award and status of the fund.