Skip to Content

Honoring Parents With a Lasting Legacy

Rose and Peter DeLauri

Rose and Peter DeLauri

Tricia DeLauri grew up watching construction sites with fascination.

"I always wanted to be an architect," Tricia says. "Even as a little kid, I'd be the only one on the bus saying, ‘Did you see that building?'"

Now, thanks to her Rensselaer education, the 1985 graduate is able to look at a building and see what key elements are being expressed in the design and how it came together.

"RPI taught me how to think," says Tricia, who is an Associate at Shepley Bulfinch, an architectural firm in Boston's Seaport. "It taught me how to solve problems."

Giving Back to Honor Parents
Last year, Tricia established the DeLauri Family Travel Award for Architecture Students to honor the memory of her parents. The award fund is part of the Rensselaer endowment so it will benefit many generations of future architecture students.

"Both of my parents were born during the Depression, and neither had an advanced education. Both were the oldest of single-parent families. But they saved up for me to go to college," Tricia says. "I was probably the only 3-year-old who had my own earmarked assets. My parents really taught me the importance of an education."

Tricia chose to fund study abroad because the experience changed her. She was having a hard time with her studies when she headed to Rome for the spring semester in 1983.

"It opened my eyes to how buildings fit into their environment over long periods of time," she says. "And it came at a point in my life when I was 21 years old trying to understand architecture and how I was going to fulfill my role as an architect. I came back a more mature young lady."

Tricia has started contributing to the fund now and she plans on adding to it through her estate in the future.

There are many ways to leave a lasting legacy at Rensselaer. Contact Art Tracy '92 MS at 518-276-2561 or to discuss your options.

eBrochure Request Form

Please provide the following information to view the brochure.

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 give to Rensselaer Polytechnic Institute, a nonprofit corporation currently located at 110 8th St., Troy, NY 12180-3590, or its successor thereto, ______________* [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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 may qualify for a federal income tax charitable deduction when you itemize. 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.