©2009 UC Santa Cruz
Maintained by
giving@ucsc.edu

Site Map

Ways to Give

Planned Giving

Planned Giving, Ensuring the Future of UC Santa Cruz.

Planned Giving is a great way to make a charitable contribution and improve your current income stream. By integrating a planned gift to UC Santa Cruz into your overall financial, tax, and estate planning, you can realize significant financial gains in the form of a charitable tax deduction AND an income stream for life. In addition, a planned gift made with appreciated property can save you capital gains taxes.

Structuring a planned gift deserves time and careful thought. As you explore the options for planning a gift, we suggest you consult with a financial advisor such as an attorney or accountant. We would be happy to assist you in this process and we have a network of professional advisors that would be happy to serve you.

Types of Planned Gifts

Charitable Remainder Trusts

A charitable remainder trust (CRT) is a trust in which you transfer assets (usually appreciated securities, real estate, or cash) to the UC Santa Cruz Foundation. The UC Santa Cruz Foundation then makes payments to you or to other beneficiaries for life. Upon termination of the trust, the remaining assets are transferred to UCSC for use as designated by you in the trust agreement.

Charitable Lead Trust

This is the reverse of a remainder trust. In a CLT, UCSC receives payment for a period of time. At a set date, the remainder goes to another named beneficiary(s). The donor receives significant tax deduction in year in which donation was made and may avoid all capital gains taxes. CLT’s are most often used to keep assets in the family without being penalized with a large tax hit.

Charitable Gift Annuities

A charitable gift annuity is a contract between you and UCSC that specifies that in exchange for a gift to UCSC, you or you and another, i.e., your spouse or child, will receive an annuity that pays you for life. You may begin receiving the annuity payment immediately or you may defer payments until a later date and receive even larger payments. The remaining assets are transferred to UCSC for use as specified by you.

Pooled Income Funds (PIF)

Pooled income funds are like mutual funds. You, along with many other UCSC alumni and friends transfer assets into a pooled fund and invested jointly. All income generated by your portion of the fund is distributed to you. The remaining assets are transferred to UCSC for use as specified by you.

Retirement Assets

Retirement assets, when passed down through one’s estate, as income in respect of a decedent, or IRD, may be penalized as much as 70 percent through income and estate taxes. By simply changing the beneficiary name of any portion of your retirement assets to UCSC you will lessen the tax burden on your estate and support UCSC at the same time.

Retained Life Estate

In a retained life estate you gift your home to UCSC while retaining the right to live in it, enjoying all of its comforts for life. The home is then passed to UCSC and used as specified by you.

Life Insurance

Life insurance is a versatile asset to donate. Donating life insurance may provide you with a current year tax deduction, and future premium payments on a partially paid policy may also be tax deductible.

Bequests

Naming UCSC in your will or living trust as a beneficiary is the simplest way for you to commit lifetime support for UCSC and qualifies your estate for a charitable deduction, reducing your tax burden. You can bequeath property, cash, securities or any other assets to UCSC.

Sample Bequest Language:

I hereby bequeath to the UC Santa Cruz Foundation (Foundation), incorporated as a tax-exempt organization to benefit the University of California, Santa Cruz (UNIVERSITY), located in Santa Cruz, California, the sum of _____ dollars [or alternatively, the ____% of residuary estate; or description of property, etc.] to be directed to the FUND, PROGRAM or SCHOLARSHIP of your choice.