The Margaret and John Bard Society recognizes and thanks those alumni/ae and friends who have included the College in their estate plans.
Consider Joining Today Making a planned gift is a powerful way to strengthen Bard’s future. By including Bard in your estate plans, you become a member of the Margaret and John Bard Society and have the satisfaction of knowing that you are providing for the next generations of Bardians.
For Further Information, Please Contact Debra Pemstein, Vice President for Development and Alumni/ae Affairs 845-758-7405 | [email protected]
Margaret and John Bard Society Members Anonymous Jamie Albright Robert '53 & Marcia Amsterdam John Dennis Anderson F. Zeynep Aricanli '85 Judith Arner '68 Neil & Nancy Austrian Penny Axelrod '63 Mary I. Backlund Donald Baier '67 Ian and Margaret Ball Dennis Barone '77 & Deborah Ducoff-Barone '78 Barbara Barre '69 Joseph Baxer & Barbara Bacewicz Wendy & Alexander Bazelow '71 Stephen H. '74 & Laurie A. Berman '74 Sally Bickerton '89 Carolyn Marks Blackwood Jack Blum '62 Leon Botstein Anne T. Brown Mary Burns '73 Stacy Lyn Burnett '23 Hannah Rose Byrnes-Enoch '08 & Gerald Pambo-Awich '08 Anne Canzonetti '84 Olivia Carino Pia A. Carusone '03 John and Nancy Childs Charles B. Clancy '69 Michelle Clayman Peter Criswell '89 Zachary Cutler '94 Arnold J. Davis '44 Matthew & Mary Deady Brian Glenn Dean '07 & Elizabeth I. Wand Matthew Joseph DeGennaro '96 Nicole de Jesus '94 Michael '65 & Wenny DeWitt Malia Du Mont '95 Michelle Dunn Marsh '95 Gretchen Dykstra Robert C. Edmonds '68 Elizabeth W. Ely ‘65 Kimberly & John Emerson Randy Faerber '73 Mark L. Feinsod '94 Barbara Williams Flanagan '60 Autumn Joy Florenceio-Wain '00 Diana Hirsch Friedman '68 Emily H. Fisher Jeanne Donovan Fisher Neil Gaiman Christopher H. & Helene S. Gibbs Annette M. Gilson '86 Eric W. Goldman '98 Julia B. Greer Barbara S. Grossman '73 George Hamel, Jr & Pamela O. Hamel Nikkya Hargrove '05 & Dinushka DeSilva Michaela (Misha) Harnick Nancy Hass & Bob Roe Helen Hecht Marieluise Hessel Richard Heyman Charles F. Hollander '65 Miranda May Holman Elaine Marcotte Hyams '69 Jill Jackson '81 Henry Jarecki Grace Judson '79 George A. Kellner Jessica Post Kemm '74 Catherine Kleszczewski '91 Peter Kosewski & John Anderson Kenneth Kosakoff '81 Gary & Edna Lachmund Lawrence C. (Kit) Laybourne Gideon Lester Nancy S. Leonard Cynthia Hirsch Levy ‘65 Steve Lipson '65 & Serl E. Zimmerman Jennifer Lupo '88 Thomas M. Maiello '82 Margit Malmstrom ‘66 Norman & Cella Manea Bonnie Marcus '71 Ana Paula Martinez '97 Jonathan Massey '85 Fredric S. Maxik '86 Rita Katherine McBride '82 Lew Millenbach '64 Steven Miller '70 Anne M. Morris - Stockton '69 Sarah Mosbacher '04 Anthony Napoli Mary L. Nathan ‘76 Brian Nielsen '71 Jennifer Novik '98 Karen Olah ‘65 Daniel F. O'Neill '79 James H. Ottaway, Jr. Richard Pargament '65 Edith Penty Eric Perlberg '69 Patricia E. Pforte '08 Ellen Kaplan Perless ’63 Heather Petrie '05 & Nathan Siler Michele A. Petruzzelli '76 Susan Diane Pilla Stacy Pilson '91 Jennifer Gayle Plassman Lorna H. Power Janice H. Rabinowitz ‘51 Max Reimerdes Lynda and Stewart Resnick Steven Richards '72 Irwin & M. Susan Richman James Rodewald '82 & Marella Consolini '82 Catherine Ruggles '98
Emily Sauter '05 Alexandra Shafer '78 & Denis Duman Mostafiz ShahMohammed '97 Elisabeth Semel '72 Kendall (K.C.) Serota '04 Sarah A Shapiro '02 & Nicholas J. Neddo John and Marsha Shyer Denise S. Simon George Smith '82 Rebecca L. Smith '93 Martin Sosnoff Eve C. Stahlberger '97 William N. Stavru '87 Lindsay A. Stanley '12 Albert Stwertka '48 Geoffery Stein '82 Kenneth Stern '75 Charles P. Stevenson, Jr. David H. Swanson Walter Swett '96 Kornelia Tamm '00 Lance Tait '78 Taun Toay '05 Helene Tieger '85 Olivier Te Boekhorst '93 Janis H. Trachtman Zubeida Bibi Ullah-Eilenberg '97 Beth Uffner Marylea van Daalen Lisa Vasey '84 Christine Wallich Karen J. Watkins Susan Weber Wendy Weldon '71 Tyler Williams '19 Michael C. Wolf
Giving Online
We’ve partnered with FreeWill: a free online platform that guides you through the process of making or updating your will, and creating a legacy that inspires curiosity, a love of learning, idealism, and a commitment to the link between higher education and civic participation. It only takes 20 minutes or less. Get started today.
The Margaret and John Bard Society Annual Luncheon held each year in December
Investing in Future Bardians
“We loved our undergraduate years at Bard, but it was neither nostalgia nor a sense of duty that inspired us to include the College in our estate planning. The College ceaselessly works to bring the liberal arts to underserved communities, and the commitment to the link between higher education and civic participation seems increasingly important. We hope you’ll join us in adding Bard to your estate plans.” —Marella Consolini Rodewald ’82 and James Rodewald ’82
The best [we] can do is to support Bard throughout [our] lives, in whatever ways [we] can, and make sure that when [we] die, [our] legacy is in part defined by the place that defined us. —Pia Carusone ’03
It’s so important to me to make sure that I know where my assets will go and not let a stranger direct them.—Eve Stahlberger ’97
Posing here as a young man, John Bard was born in 1819 to a distinguished family of doctors and educators and Margaret Taylor Johnston Bard, ca. 1855.
Did You Know?
In 1860, St. Stephen’s College, a theologically based institution, was created thanks to a bequest made by John and Margaret Bard, in association with the leaders of the Episcopal Diocese of New York. St. Stephen’s would later become known as Bard College, and were it not for this generous bequest, Bard College might not exist today.
Tax-deferred savings plans such as Individual Retirement Accounts, Keogh Accounts, 401(K) and 401(B) plans, and others were created as savings tools for retirement, not as inheritance plans. When the plan ends (often at the end of the plan participant's life or that of a spouse), the proceeds are potentially subject to several forms of taxation: income tax, estate tax, and generation-skipping tax (if grandchildren are included in the estate settlement). An estate or inheritance tax may also be added, depending on where the participant lives.
By naming Bard College as a plan beneficiary, tax-deferred retirement plans pass directly to the College outside of the estate and are not subject to income or estate taxes. This can be accomplished on a Change of Beneficiary form indicating the amount or percentage of assets to be contributed to Bard. The beneficiary can be changed again at any time.
If you own a life insurance policy and no longer require its protection, you may wish to consider transferring ownership of the policy to Bard College. It is also possible to purchase a new policy and transfer ownership to the College. Either gift will generate a charitable income tax deduction roughly equal to the cash surrender value of the policy on the date of the gift. In addition, any premium payments that are made on behalf of Bard College entitle the donor to additional charitable income tax deductions for the amount of the premiums. An alternative is to name Bard College as beneficiary (but not owner) of a new or existing policy. This would allow revocation of the gift should circumstances change. If completed, the eventual gift to the College would qualify as a federal estate tax deduction. The gift of a life insurance policy may allow you to make a larger donation to Bard than otherwise possible.
A bequest, the most common way for donors to provide for the future of Bard College, offers several advantages.
Our partnership with FreeWill enables you to build a legacy with Bard College in just 20 minutes.
A donor may be able to make a larger gift than otherwise possible, the estate may save on estate taxes, and the arrangement is revocable, allowing for changes as needed. You may designate a bequest for a specific purpose or leave it unrestricted. An unrestricted bequest provides general support for Bard and allows the College to use the gift where it is most needed at the time. You can make a bequest to Bard College by preparing a new will or revising an existing one. You can provide for the College in your will by:
Making a specific bequest of cash, securities, or other property by designating an exact dollar amount, a particular asset, or a fixed percentage of your estate.
Making a bequest of all or portions of your residuary estate after it has provided for all other beneficiaries by specific bequests.
Making Bard a contingent beneficiary of the estate by stipulating that the College will receive all or a portion of the estate if named beneficiaries do not survive you.
Making the College the remainder beneficiary of a trust established in the will to provide income plans previously described or a marital trust that pays all income to a spouse for life.
Sample language to include in a will or in a codicil to a will:
For an unrestricted bequest: I give (the sum of ______ dollars) or (all or ______ percent of the residuary of my estate) to Bard College of Annandale-on-Hudson, New York, for its general purposes.
For a restricted bequest: I give (the sum of _____ dollars) or (all or _____ percent of the residuary of my estate) to Bard College of Annandale-on-Hudson, New York, to be used for the following purpose: (state the purpose).
For the bequest of residuary estate: I give (whatever remains) or (_____ percent of whatever remains) of my estate to Bard College of Annandale-on-Hudson, New York, after all specific bequests have been made and all expenses of administering my estate have been paid.
These descriptions provide general information only. For specific information on your personal situation, please consult your legal and financial advisors.
A Charitable Lead Trust (CLT) is an irrevocable trust designed to provide financial support to one or more charities for a period of time, with the remaining assets eventually going to family members or other beneficiaries. Benefits of a CLT:
May eliminate or reduce the estate tax liability of heirs
When the original trust ends, the remainder of the trust can either pass to your heirs, or other designated beneficiary, or revert back to you.
Can provide either a fixed or variable annual income stream
Most effective in a low-interest-rate environment
Charitable Remainder Trust
Charitable Remainder Trust
A Charitable Remainder Trust (CRT) is a tax-exempt irrevocable trust designed to reduce the taxable income of individuals. There are two basic types of CRTs:
Charitable Remainder Annuity Trust (CRAT) - provides a fixed income stream based on the value of the trust when it was established. No additional contributions can be made to this fund.
Charitable Remainder Unitrust (CRUT) - provides a variable income stream based on the annual valuation of the assets in the trust. Additional contributions can be made to this trust.
For further information, please contact
The Margaret and John Bard Society or Planned Giving
Debra Pemstein, Vice President for Development and Alumni/ae Affairs 845-758-7405 [email protected]