Gifts That Cost You Nothing Now

Gifts in a will or by beneficiary designation are two easy ways to create your enduring legacy of broadening perspectives, creating opportunities, and achieving goals for years to come — and they don’t cost anything now.

If you have already included a gift in your estate plans to benefit the future of Skidmore College, be sure to let us know so that we may best honor your wishes.

Gifts in a Will

Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact through Skidmore College. Once you have provided for your loved ones, we hope you will consider making our mission part of your life story through a legacy gift.

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A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:



Your gift will help establish your legacy of creating opportunities for our students to learn and grow in the classroom and beyond.


You can alter your gift or change your mind at any time and for any reason.



Costs you nothing now to give this way.

Four simple, “no-cost-now” ways to give in your will

General gift

A general bequest is a gift of a specific amount.

Residuary gift
A residuary gift is a gift of all or a percentage of the remainder of your estate after specific bequests and expenses have been paid.
Specific gift
A specific gift is a gift of a particular piece of property. For example, real estate, funds in a bank account or shares of a corporation. 
Contingent gift
A contingent gift takes effect only if the primary beneficiary or beneficiaries do not live longer than you. In other words, your gift is contingent upon whether or not they survive after you.

You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to Skidmore College contingent upon you surviving your spouse.

Gifts by Beneficiary Designation

It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in helping our students — and it costs you nothing now.

By naming Skidmore College as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of helping our students bring creative thought to life.

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Potential benefits of gifts by beneficiary designation:

Reduce or eliminate taxes

Reduce or avoid probate fees

No cost to you now to give

Create your legacy with Skidmore College

Types of Gifts

Retirement plan assets

You can simply name Skidmore College as a beneficiary of your retirement plan to help us deliver a unique student experience that cultivates and celebrates passions and pursuits.

Life insurance policies

You can name Skidmore College as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, Skidmore College will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.

Bank or brokerage accounts

This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name Skidmore College (Tax ID: 14-1338562) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward broadening perspectives, creating opportunities, and achieving goals for generations to come.

Funds remaining in your donor-advised fund

What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name Skidmore College as a “successor” of your account or a portion of your account value, you enable our students to bring creative thought to life.

How to update a beneficiary designation:

Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.


Please use our legal name: Skidmore College


Include our tax identification number: 14-1338562


Please let us know so we can ensure that your wishes are carried out.

Complimentary Gift Planning Resources are Just a Click Away!