Gifts the University Can Use Today

We can help you plan and implement outright gifts, some of which can offer special tax advantages or other benefits:

Gifts of Cash, Checks or Credit cards are all acceptable forms of payments. Checks shall be made payable to “Niagara University” and mailed or delivered to:

Niagara University
5795 Lewiston Road
Niagara University, New York 14109

To electronically transfer securities to Niagara University, please follow the steps listed:

    1. Contact your broker directing the transfer of a specific number of shares in a particular company.
    2. Provide you broker with the following delivery instructions:
      Morgan Stanley
      6532 Quaker Street
      Orchard Park, New York 14127
      Toll Free: 888-727-4203

      Contact
      : Lou Licata
      Assistant: Sally Kolkmeyer
      Phone: 716-667-5005
      Email:Sally.Kolkmeyer@ms.com
      Fax: 716-667-9020
      Acct # 571-053204-006
      DTC# 0015

Niagara University Federal Tax ID#:16-0755807

  1. Contact us by mail, e-mail, or phone with information pertaining to the electronic transfer of the gift of securities.  When you initiate a stock transfer, please let us know. This will prevent gifts from remaining unidentified and will help us follow up on gifts that could be lost in transit.
  2. In your letter or e-mail, let us know the name of the benefitting department or fund.
  3. If you need to make a transfer that is not electronic please contact us for other delivery options.
  4. For university records the gift value is the mean of the high and low on the gift date.
  5. The university will send an acknowledgement as soon as possible.
  6. University's contact information for transfer of securities:
    Tiffany Ryan, Gift Accountant, Phone: 716.286.8790, tlr@niagara.edu

Individual Retirement Accounts (“IRAs”) Charitable Rollover

IRA Charitable Rollover

The IRA Charitable Rollover allows a tax-free transfer directly from certain taxpayers’ IRAs to qualified charities, including Niagara University, without income tax consequences. The effect of a qualified IRA Charitable Rollover is that the money transferred from your IRA to Niagara University will count toward your annual required minimum distribution (RMD) and not as income for you.

How the IRA Charitable Rollover Works

IRA Charitable Rollover Sample Letter (2018)

Requirements & Restrictions

  • Age Requirement

    Only individuals who are at least 70 ½ years old at the time of the gift may utilize this provision.

  • Limited to IRAs

    The law allows this provision to be used only for individual retirement accounts (“IRAs”). Section 401(k) plans, section 403(b) plans, and other tax-deferred retirement plans do not qualify.

  • Rollover Cap

    Each taxpayer may utilize the IRA Charitable Rollover by transferring up to $100,000 per tax year. Thus, a married couple could transfer as much as $200,000 under this provision, if each spouse has at least $100,000 in their IRA.

  • Qualified Charities

    Only “public charities” under Sections 509(a)(1) and 170(b)(1)(A) of the Internal Revenue Code qualify. Niagara University meets these requirements.

  • Direct Transfer Required

    A taxpayer may not withdraw funds from an IRA and then give the money to charity. Distributions must be made directly to the public charity from the IRA by the IRA Administrator and not be directed through the account owner.

  • No Goods or Services Received

    The taxpayer may not receive any goods or services in exchange for the IRA Charitable Rollover. Thus, this provision may not be used to fund a Charitable Gift Annuity or a Charitable Remainder Trust. Niagara University would gladly provide documentation to you indicating no goods or services were received in exchange for your gift.

Gifts of Real Estate

Many types of real estate, including personal residences, farms, undeveloped land, and commercial properties, can be used to make a gift to Niagara University.

Donors of real estate receive an income tax deduction and avoid capital gains tax. In addition, your outright gift of real estate typically avoids maintenance costs, property taxes, insurance, and other on-going expenses.

If you are interested in making a gift of real estate, please contact the Office of Planned Giving.

In-Kind Gifts

Your treasures like valuable antiques, stamp and coin collections, works of art and other personal property can make suitable charitable gifts today or after your lifetime. The financial benefits of the gift depend on whether we can use the property in a way that is related to our mission.

If the federal income tax charitable deduction claimed for a gift of tangible personal property exceeds $5,000, you must obtain an appraisal from a qualified appraiser and submit a special IRS form with the tax return on which the deduction is claimed.