Planned Giving

Lloyd Matsumoto
Planned giving to Rhode Island College is one of the best ways to leave a legacy!

Amazing Benefits to RIC and You

A gift from your estate can provide significant future support for the college while providing you with:

  • the flexibility you need to take care of yourself and your loved ones
  • immediate tax benefits and income for your future

It can be as simple as adding Rhode Island College as a beneficiary on an existing account or including us in your will. If you are interested in establishing a planned gift in support of a specific cause or to establish endowed funds at Rhode Island College, please give us a call. We would love to talk with you and provide more information about how to include us in your estate plans.

Call Us Today

John Nazarian '54 President Emeritus

A Planned Gift from a Former RIC President

“As president emeritus, Rhode Island College will always have a special place in my heart. My planned gift will leave a lasting legacy for RIC and our students for years to come.” – John Nazarian ’54 President Emeritus

Beneficiary Designations

While you may transfer many of your assets through your will or living trust, a beneficiary designation document controls distribution of your retirement plans, life insurance policies, commercial annuities and a variety of financial accounts. A beneficiary designation is one of the simplest ways to make a gift to RIC. It’s literally as easy as filling out a form.

This gift is simple because you can control the transfer of these assets at your death without changing your will or living trust. All you need to do is request (and complete) a new beneficiary designation form from your plan administrator. There is no need to modify your will or living trust.

Life insurance policies can be used to make a gift to Rhode Island College. Complete a form and return it to the insurance company designating that RIC receives all or a portion of the death benefit associated with your life insurance policy. As an alternative to naming the RIC as the beneficiary, you can transfer ownership of the policy. Transferring ownership results in an immediate income tax charitable deduction and potential income tax savings in the year of the gift.

This is a contract between you and the college in which you agree to make a gift to RIC. In return, you become eligible to take a partial tax deduction for your donation, plus you (or another beneficiary of your choice) receives a fixed stream of income for the rest of your life.

You can endow a trust that provides the college with set payments for a time period of your choosing. The longer the length of time, the better are the potential tax savings for you. When the term ends, the remaining assets in the trust go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

A charitable remainder trust provides you or other named individuals with income each year for life, or a period not exceeding 20 years, from assets you give to an irrevocable trust you create.

You can instruct your bank to pay RIC all or a portion of what remains in a checking or savings account. Your bank can provide you with the appropriate beneficiary designation form.

You can instruct your investment company to transfer to RIC some or all of the investments held in an account at the time of your passing. Your broker or agent can let you know the process for doing this; it may be as simple as adding “T.O.D. to Rhode Island College” after your name on the account.

There are many options for donating your home, second home, commercial building, vacant land, farm or other real estate to Rhode Island College. Real estate can be used to make a meaningful gift and still provide lifetime benefits to the donor.

A gift of artwork, antiques, valuables or other personal property can be an excellent way to support the college. This includes intellectual property and patents.


Establish Your Legacy

Leaving a legacy at Rhode Island College is easier than you might think. We can help you evaluate your options for making a legacy gift.

Featured News & Stories

Rhode Island College entrance


Rhode Island College Foundation

The Rhode Island College Foundation is an independent organization dedicated to raising funds solely for the institution. It is the primary source of private support to the college.