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Sharing a Dream With Future Rensselaer Students

Victoria Candelora

Victoria (Gardner) Candelora graduated from Rensselaer in 2003 with a plan: drive a "sweet" car in five years, own a house in 10 years and give back to the school that helped her meet these objectives in 15 years. Today, Victoria has already accomplished all of these goals, and she attributes much of her success to the foundation laid at Rensselaer.

Majoring in management with a dual concentration in finance and marketing, Victoria recalls that her course work at the Lally School of Management and Technology correlated closely to the work she does today as a manager at Accenture, a consulting firm. "The courses at Lally were dead-on in both content and structure," Victoria says. "The school's leadership wants to prepare you to change the world, and students leave Rensselaer with an idea of how to do it."

Victoria developed her leadership skills outside of the classroom as well. She was active in her sorority, Alpha Gamma Delta, and was captain of the tennis team her senior year. She was also a member of the management honor society.

Victoria and her husband, David, met at Rensselaer where they were both student orientation advisors. The couple now lives in Connecticut, where Victoria enjoys attending events sponsored by the Hartford Chapter of the Rensselaer Alumni Association.

Recognizing the significant role that RPI played in her life, Victoria began making financial gifts to the school so that others could have the same opportunities she did. "If I can help enhance the Lally experience in any way, shape or form, I'll be happy," she says.

In addition to making contributions to Rensselaer's annual fund, Victoria has also included the school in her estate plan. Designating Rensselaer as a beneficiary of her IRA took just a few simple steps and was a tax-savvy way to support the school. "I feel fortunate to have an estate to plan," Victoria says. "I came out of Rensselaer with a huge tool kit for life. I give back so the school can continue to provide that for future generations."

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Rensselaer students and graduates have been applying science to the common purposes of life since 1824. Making RPI a beneficiary of your retirement account is an excellent way for you to partner with us in fulfilling this vision. Please visit our website or contact Art Tracy, Director of Gift Planning, at (518) 276-2561 or to learn more.

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 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.

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