Skip to Content

Leave a Living Legacy

Paul Noon

Paul Noon III '15

"It's amazing to know that there are people who are willing to support students who are working as hard as we can to be here," says Paul Noon III '15. "I have a lot of gratitude toward those who support scholarships."

Like many students, Paul had some tough choices to make when he picked which university to attend. "Ultimately, I sat down with my parents, and we decided because of the great career opportunities at Rensselaer that we would find a way to make it work financially," Paul says. "However, it was a pretty daunting task and it became even more difficult when we had unexpected financial difficulties at home during my freshman year. This was another stress on top of all of the normal stress of classes and work study."

Fortunately, when Paul visited the financial aid office, he received some welcome news. Because of the generosity of Harry C. Jaecker '34, who established a scholarship in honor of his brother for students enrolled in the School of Engineering, Paul could receive the John H. Jaecker '33 Memorial Scholarship.

"Getting this scholarship was a huge relief," Paul relates. "It made a really big difference in my life by allowing me to stay at Rensselaer and graduate here. I certainly hope to have the opportunity in the future to establish a scholarship that will allow hard working students to go to a great university like Rensselaer. I know how I'm really lucky and really blessed to be here, and I owe a lot of that to the scholarships I received."

Learn How You Can Help
Planning a gift through your will is a wonderful way to create a lasting legacy. It won't cost you anything today, and it will support future generations of Rensselaer students like Paul Noon III. Please visit us at www.alumni.rpi.edu/bequest for suggested legal language to include Rensselaer in your will. If you would like to give back to Rensselaer with a planned gift, contact Art Tracy '92 MS at 518-276-2561 or tracya@rpi.edu. We would be happy to help you find the gift that's right for you, at no obligation.

Click here to check out the different ways to give.

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.