Stevens 150 Legacy Challenge
A matching challenge to inspire planned gifts as alumni approach and celebrate their milestone reunion during Stevens’ 150th anniversary.
The Stevens 150 Legacy Challenge is a matching gift program that enables Stevens alumni in or approaching a milestone reunion year to have an immediate impact when they make planned gifts to the university (e.g., via bequests in a will or living trust, retirement-plan beneficiary designations, charitable gift annuities, etc.).
When you document a planned gift to Stevens, you can immediately direct Stevens 150 Legacy Challenge matching funds to support construction of the University Center Complex. For every $10 of your pledged planned gift, $1 of Legacy Challenge matching funds (with a cap of $10,000) will be directed to this once-in-a-lifetime project.
Recognition: Groundbreakers Donor Wall and Online Donor Roll and the Stevens Legacy Society
- The names of contributors of planned gifts that result in $10,000 of Legacy Challenge matching funds will be listed as Groundbreakers on a prominent donor wall within the university center.
- The names of contributors of planned gifts that result in gifts under $10,000 in Legacy Challenge matching funds will be listed on a prominent donor roll on The Power of Stevens website.
- When you document your planned gift for Stevens, for any amount, you immediately become eligible for membership in the Stevens Legacy Society.
This challenge began on September 1, 2020, with a pool of $195,000 in matching funds available on a first come, first served basis to any donor who documents a planned gift. As of July 1, 2021, $74,500 matching funds remain. The Stevens 150 Legacy Challenge program will end when the matching funds have been depleted. Make an impact now by documenting your planned gift today!
Q: What types of planned gifts qualify for the Stevens 150 Legacy Challenge?
A: Planned gifts eligible for matching funds include: bequests via will or living trust, beneficiary designations from a retirement account or bank account, charitable gift annuities, charitable remainder trusts, charitable lead trusts, and more. If you want to know if your gift qualifies for a match, please contact us.
Q: If I have already documented a planned gift with Stevens, will it qualify for this Challenge?
A: Thank you very much for documenting your planned gift with Stevens. The Stevens 150 Legacy Challenge is meant to encourage the creation of new planned gifts or to inform the university about previously established but unreported planned gifts. However, if you have increased the amount of a previously documented bequest, or if you previously documented the gift of a percentage of your trust or residual estate and the estimated value of that percentage has more than doubled, then we may be able to credit the increased value to the Challenge. To confirm that your gift qualifies for a match, please contact us.
Q: How do I document my planned gift for the Stevens 150 Legacy Challenge?
A: You can document your planned gift by submitting a Confidential Statement of Charitable Gift Provision form. Simply print, fill it out, and return it by e-mail to firstname.lastname@example.org or by mail sent to the Office of Development & Alumni Engagement, Stevens Institute of Technology, 1 Castle Point Terr., Hoboken, NJ 07030.
Q: Should my bequest be designated to a specific Stevens program or fund?
A: Your planned gift can be unrestricted or designated to support an existing fund or program, the choice is yours! If you wish to designate your planned gift to create a new fund, please discuss this with the Office of Development because there are minimum gift thresholds to establish a new fund.
Q: What if the value of my bequest exceeds $100,000—will I qualify for more than $10,000 matching funds?
A: We have set a cap of $10,000 on matching funds. Since one purpose of the Stevens 150 Legacy Challenge is to reward many people for documenting their planned gifts to Stevens, we do not want to expend all of our matching funds on a small number of large bequests.
Q: Who made the Stevens 150 Legacy Challenge possible?
A: The Stevens 150 Legacy Challenge has been made possible by the foresight and generosity of the George Habach ’29 Charitable Remainder Trust. Yes, a planned gift from years ago enabled this planned giving challenge today.
Q: How else might I support Stevens with my philanthropy?
A: We hope you will also consider supporting Stevens by making an annual gift to any area of the university that is meaningful to you. We ask that all donors participating in the Stevens 150 Legacy Challenge consider an annual gift.
Stevens 150 Legacy Challenge Gift Confirmation Form
University Center Complex
Michael Governor, Director of Planned Giving
Office of Development & Alumni Engagement
Stevens Institute of Technology
1 Castle Point Terrace, Hoboken, NJ 07030
201-216-8967 | email@example.com
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