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Alumnus Believes It Is His Privilege to Help Future Generations

Roger Orloff

Roger Orloff

"I was struck by how well Rensselaer had prepared me when I enrolled in the Harvard Business School. It seemed almost easy by comparison," says Roger Orloff '60.

In the Department of Management Engineering at Rensselaer, Roger found an academic home. His studies, participation in the debate society, writing for The Polytechnic, and fraternity helped prepare him for a successful career in mergers and acquisitions. His professional experience then gave him a deep appreciation for the importance of business ethics.

"Negotiation is a key aspect of mergers and acquisitions," Roger explains. "Ethical issues come up repeatedly. I've always tried very, very hard to act in an ethical manner and to follow the Golden Rule in doing what's best for clients."

Supporting What He Cares About
Roger first began volunteering his time for Rensselaer almost immediately after graduation and he has never stopped. "Whenever Rensselaer needed something done, I sought responsibility for helping." This has included active involvement in alumni clubs, the Rensselaer Alumni Association, the Rensselaer Annual Fund, the Patroon Society and other groups responsible for securing resources for Rensselaer students. His efforts were recognized with the award of the Albert Fox Demers Medal in 2002.

In addition to giving his time, it seemed only natural for Roger to become a regular donor to the Annual Fund. He recently included a gift in his will to support the study of business ethics at the Lally School of Management. "I support the Annual Fund and have planned a bequest because I feel a good degree of what I've accomplished in life was due to my Rensselaer experience and education," Roger says. "With that comes a privilege and obligation to help succeeding generations of students to have the same great opportunities. Giving a planned gift is something from which donors can derive real satisfaction."

You Can Change a Life
You can leave a legacy that touches the lives of Rensselaer students for generations to come by planning a gift through your will. Contact Art Tracy '92 MS at 518-276-2561 or tracya@rpi.edu">tracya@rpi.edu to learn more.

Click here for language you can share with your estate planning attorney to complete a gift in your will.

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to Rensselaer Polytechnic Institute a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Rensselaer Polytechnic Institute [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Rensselaer or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

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

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets 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.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Rensselaer as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Rensselaer as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Rensselaer where you agree to make a gift to Rensselaer and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.