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  • Planned Giving is a Win-Win Situation for You and Elmira College

    The Bokelkamp Endowed Scholarship for Health Sciences

    "Once I saw the new state-of-the-art Health Sciences Center, I thought, if only we had that incredible space in 1956, I could have stayed at Elmira College for four wonderful years, instead of two."

     


     

    When the time came to establish her legacy, Janet Bokelkamp Frankovsky ’58 thought of Elmira College, where she began the nursing career that defined her. So, it is at Elmira College in support of the health sciences where she will establish her legacy.


    Janet received an Associate of Arts degree in Liberal Arts and Pre-Nursing from Elmira College in 1958, a Bachelor of Arts in nursing from Columbia University’s School of Nursing in 1959, and a Master of Science degree in Education at SUNY Oneonta in 1969. She spent thirty satisfying years as a school nurse in the Vestal, New York School District.


    Janet wanted her gift to provide for the College’s most pressing needs, so she met with Dr. Norman Smith, President of Elmira College and Peggy Harris Arnesen ’63, Director of Major and Planned Gifts, to discuss the options. President Smith explained the ongoing, principal challenge for a small, private college such as Elmira is continuing to enroll the best and brightest students in a fiercely-competitive market. Providing need-based and merit-based scholarships allows Elmira College to remain among the most prestigious private colleges in recruiting talented, promising students.


    To that end, Janet has placed a bequest in her will to Elmira College and designated in a separate agreement the details for the Janet Bokelkamp Frankovsky ’58 Scholarship for health science majors. Doing this while living ensures her wishes will be carried out to the letter. 


    Janet has also named the Bokelkamp Proficiency Lab in Cowles Hall, a lab space that brings back memories of her nursing education at Columbia Hospital many years ago.


    If you are interested in providing a similar legacy in your field of interest to support deserving Elmira College students, please contact the Office of Advancement and Alumni Relations.

     




    Planned and Major Gift Options


    Charitable Gift Annuity
    IRA
    Life Insurance
    IRA Charitable Rollover
    Charitable Trusts
    How to include Elmira College in your estate plan
    Endowed Scholarship Agreement
    Endowed Award Agreement


    With a carefully thought-out, individualized Planned Gift, you can accomplish all these things:

    - Convert a non-income producing asset into cash
    - Increase your income
    - Benefit Elmira College
    - Generate a Charitable Deduction
    - Avoid Capital Gains Tax
    For example...

    - You would like to create a Planned Gift that will benefit you, your spouse, AND Elmira College
    - You would decide to fund the gift with appreciated assets, like stock or real estate
    - The appreciated assets are used to create a Charitable Gift-Annuity
    - By making the gift this way you can take a partial tax deduction equal to a percentage of the fair market value of the gift
    - The asset can then be sold without capital gains tax consequence for you, the donor
    - The Gift Annuity provides a lifetime income option for you, and for your spouse
    - You can avoid potential estate tax
    - After your lifetime the remainder goes to the College

    The Iris Society

    Elmira College honors those who have established planned gifts through their financial planning by inviting each donor to become a member of The Iris Society.  Members receive an iris pin and are recognized each year in The Benefactor Honor Roll and Calendar.



      For Further Information, contact:
      Peggy Harris Arnesen ’63
      parnesen@elmira.edu 
      Director of Major and Planned Gifts
      Elmira College
      One Park Place
      Elmira, NY 14901
      (607) 735-1893