How to give to Fredonia
Give via payroll deduction
Employees of SUNY Fredonia can donate directly from their biweekly pay.
Give by mail
Make a check payable to:
Fredonia College Foundation
272 Central Avenue
Fredonia, New York 14063
Options for giving
An endowed fund exists in perpetuity for the benefit of a Fredonia student, project or program. While your gift (the principal) remains invested, the income it earns becomes available for expenditure. Endowment funds are invested by the Fredonia College Foundation with the goal of providing both annual distribution and appreciation of the fund balance.
- Required size of gift: A named endowment threshold is $20,000 with restrictions or $10,000 with no restrictions, but you may build your fund beyond this level so a larger expenditure is available every year.
- Memorandum of Agreement: The donor and the Fredonia College Foundation sign a Memorandum of Agreement (MOA) that states the name and purpose of the endowment.
- Permanent and on-going: One year after a fund becomes fully endowed (reaches $10,000 unrestricted or $20,000 restricted use), the permanent and on-going awards process begins.
- Spending the endowment: Four and a half (4.5) percent of the endowment's value is spent annually. The Fredonia College Foundation's Board of Directors determines the spending rate annually.
Endowing a new fund
- Start with $10,000 unrestricted use or $20,000 restricted use - this amount establishes your named endowment immediately.
- Start with $2,000 - build toward your goal. To establish a Building Towards Endowment fund, an initial gift of $2,000 is requested, with a six-year time frame provided to reach the fully endowed level of $10,000 for unrestricted use or $20,000 for restricted use. While a Memorandum of Agreement is completed at the time of the initial gift, a description of the awards process is not published until the fund has reached the fully endowed level with $10,000 or more in gifts within the six year timeframe. If the fund has not realized the endowment threshold within the six years provided, the fund balance is then re-directed after discussions with the donor. The transfer may be to an appropriate fund in the foundation, as identified in the original Memorandum of Agreement, or to the Doors to Opportunity Pooled Funds.
- Start with $1,000 A gift of $1,000 gains entry into the Doors to Opportunity Pooled Funds, where donors will be acknowledged through use of either their name or the name of the account they are building. Once a donor's cumulative giving to the account has reached the level, $10,000 unrestricted use or $20,000 restricted use, the funds may be moved from their account in the pooled fund to a traditional Named Endowment. Awards are made for the academic year beginning after twelve months have passed since the separation from the pooled fund in accordance with the Memorandum of Agreement signed by the donor at the time of entry into the pooled fund. Donors may also elect to leave their account permanently in the Doors to Opportunity Pooled Funds, even though their giving total to the account exceeds the $10,000 threshold required for a separate named endowment.
- Doors to Opportunity Pooled Funds award process: Awards from the pooled funds are made in the name of the Doors to Opportunity Pooled Funds and divided between scholarships (at a minimum of 50 percent) and other priorities established by the Fredonia College Foundation Board of Directors.
Review the 500+ scholarships and awards currently managed by the Fredonia College Foundation.
Look at the naming opportunities available across Fredonia's 256-acre campus.
We will work with you to find a charitable plan that works for you.
The Fredonia College Foundation welcomes gifts of appreciated securities
Many donors choose this type of gift because it is simple to execute, has many income tax advantages and may allow you to make a larger gift than what you might have been able to donate otherwise.
A gift of stock entitles you to a federal income tax charitable deduction. If you itemize and if the stock you wish to donate has been held for more than one year, you are entitled to base it on current fair market value of the securities, regardless of their lower original cost, and you can avoid capital gains tax on any appreciation of the stock by donating the stock prior to sale.
Thank you for your interest in giving a gift of securities to support Fredonia. Once you decide to make this type of gift, transferring the stock to the Fredonia College Foundation is simple. It's important to let us know of your intended gift or transfer so we can identify the source and receipt your gift properly. Please contact our office at 716-673-3321 or by email at email@example.com.
Authorize your broker or agent to transfer the stock to Fredonia College Foundation's account at:
Account Name: The Fredonia College Foundation
Clearing Broker: Fidelity Investments
Account Number: 614-414565
Depository Trust Company Number (DTC): 0226
Information for transferring broker:
Chase Manhattan Bank
One Chase Manhattan Plaza
New York, New York 10005
PTC System, NFSCF