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• WAYS YOU CAN MAKE A PLANNED GIFT

  Wills and Living Trusts 

  The Easiest Way to Make an Impact

  Interested in helping UCR School of Business with our mission but feel overwhelmed by the thought of writing another check or giving up your assets today? A simple, flexible and versatile way to ensure the School of Business can provide an outstanding business education for years to come is a gift in your will or living trust, known as a charitable bequest. By including a bequest to UCR School of Business in your will or living trust, you are ensuring that we can continue our mission for years to come.

   

  Beneficiary Designations

  Continue Supporting Our Work After Your Lifetime

  Passionate about helping UCR School of Business students and programs after your lifetime? It's not only possible, it's easy to do with a beneficiary designation. Just name UCR School of Business as a beneficiary to receive assets such as retirement plans and life insurance policies after you're gone. You simply fill out a form that is entirely separate from your will or living trust—which makes this approach an easy way to give. Not only is it an easy way to give, but it's also flexible—you aren't locked into the choices you make today. You can review and adjust beneficiary designations anytime you want.

   

  Gifts That Provide Income - Charitable Gift Annuities

  Turn Your Generosity in to Lifetime Income

  A charitable gift annuity (CGA) is a simple contractual arrangement between you and UCR. In exchange for your irrevocable gift of cash or marketable securities, UCR agrees to pay a fixed sum to one or two people each year for life. The older the recipient, the higher your gift annuity rate. Ultimately, your gift annuity provides vital support to UCR.
  Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with UCR you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.

   

  Charitable Remainder Trusts

  Discover a Gift that Can Benefit You, Your Family and UCR School of Business

  Do you own highly appreciated real estate or marketable securities that would trigger significant capital gains tax liability if you sold it yourself? By making an irrevocable gift of appreciated assets to a charitable remainder trust (CRT), you receive several attractive benefits while ensuring that a UCR School of Business education remains accessible to qualified students.
  Benefits of a charitable remainder trust include:

  • Potential for a partial charitable income tax deduction
  • Potential for increased income
  • Up-front capital gains tax avoidance

  There are two ways to receive payments with charitable remainder trusts:
  1. The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
  2. The unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.
   

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• WAYS YOU CAN GIVE REAL ESTATE

  You can give real estate to UCR in the following ways:

  
  An outright gift

  When you make a gift today of real estate you have owned longer than one year, you qualify for a federal income tax charitable deduction equal to the property's full fair market value. This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes. By donating the property to us, you also eliminate capital gains tax on its appreciation.

  
  A gift in your will or living trust

  A gift of real estate through your will or living trust allows you the flexibility to change your mind and the potential to support our work with a larger gift than you could during your lifetime. In as little as one sentence or two, you can ensure that your support for UCR School of Business continues after your lifetime.

  A retained life estate

  Perhaps you like the tax advantages a gift of real estate to UCR would offer, but you want to continue living in your personal residence for your lifetime. You can transfer your personal residence or farm to UCR but keep the right to occupy (or rent out) the home for the rest of your life. You continue to pay real estate taxes, maintenance fees and insurance on the property. Even though UCR would not actually take possession of the residence until after your lifetime, since your gift cannot be revoked, you qualify for a federal income tax charitable deduction for a portion of your home's value.

  A deferred charitable gift annuity

  Are you tired of the hassles of maintaining your property such as paying taxes, utilities and repair bills? Consider donating the property to UCR in exchange for reliable payments for life for you (and someone else, if you choose). When you arrange a charitable gift annuity, you receive a federal income tax charitable deduction in the year you set up the gift annuity when you itemize on your taxes. If you use appreciated real estate to make a gift, you can usually eliminate capital gains tax on a portion of the gift and spread the rest of the gain over your life expectancy. A gift of unmortgaged property to fund a deferred gift annuity is preferable and generates the greatest tax benefit.

  A bargain sale

  Want to sell us your property for less than the fair market value? A "bargain sale" may be the answer. When you make a bargain sale, you sell your property to UCR for less than what it's worth. The difference between the actual value and the sale price is considered a gift to us. A bargain sale can be an effective way to dispose of property that has increased in value, and it is the only gift vehicle that can give you a lump sum of cash and a charitable deduction (when you itemize) at the same time.

  A charitable remainder unitrust

  You can contribute any type of appreciated real estate you've owned for more than one year, provided it's unmortgaged, in exchange for an income stream for life or a term of up to 20 years. The donated property may be a residence (a personal residence must be vacant upon contribution), undeveloped land, a farm or commercial property. Real estate works well with only certain variations of charitable remainder trusts. Your estate planning attorney, who will draft your trust, can give you more details.

  A charitable lead trust

  This gift can be a wonderful way for you to benefit UCR School of Business and simultaneously transfer appreciated real estate to your family tax-free. You should consider funding the charitable lead trust with real estate that is income-producing and expected to increase in value over the term of the trust.

  A memorial or endowed gift

  A gift of real estate may be a perfect way to honor your loved one in perpetuity. When you make an endowed gift of real estate, your contribution is invested with and becomes part of our endowment. An annual distribution is made for the purpose you designate. Because the principal remains intact, the fund will generate support in perpetuity.

  A donor advised fund

  When you transfer real estate to your donor advised fund, you avoid capital gains taxes and qualify for a federal income tax deduction based on the fair market value of the property when you itemize on your taxes.

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• FORMS OF APPRECIATED SECURITIES

  Securities are most often used to support our work these forms:

  
  An outright gift

  When you donate securities to UCR, you receive the same income tax savings that you would if you wrote us a check, but with the added benefit of eliminating capital gains taxes on the transfer, which can be as high as 20 percent. Making a gift of securities to support our mission is as easy as instructing your broker to transfer the shares to UCR School of Business and include the following DTC delivery instructions: 

  Raymond James Financial Services 
  UCR Foundation’s Broker:  Randall Hord
  3963 11th Street
  Riverside, CA  92501
  Phone: 951.328.1190
  Fax: 951.827.7202
  Email: foundationops@ucr.edu 
  DTC Participant #0725
  UC Riverside Foundation Clearing Account #79709754

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  IMPORTANT
  Because donor information does not transmit through the DTC wiring system, please forward a copy of the completed form to the UC Riverside Foundation via fax (951/827-7202) or email (foundationops@ucr.edu). If you have any questions please call the UCR Foundation at 951/827-6294
  Please Note: For tax purposes, the Gift Date is recognized as the date shares enter the UCR Foundation's clearing account at Raymond James. Your gift will be valued based on the average price (the mean between the highest and lowest selling prices) of the stock on the date received.
   

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  A gift in your will or living trust

  If you aren't ready to give up these assets during your lifetime, a gift of securities through your will or living trust allows you the flexibility to change your mind at any time. You can continue to receive dividends and participate in shareholder votes, and the securities are still yours if you need them for other expenses. In as little as one sentence you can ensure that your support for the UCR School of Business continues after your lifetime.

  
  A donor advised fund

  When you contribute to a donor advised fund with appreciated securities, you may receive a federal income tax charitable deduction for the fair market value of the asset and eliminate capital gains tax. Because of our nonprofit status, Pitzer does not pay capital gain tax when we sell the gifted securities.

   

  A memorial gift

  If you have a friend or family member whose life has been touched by Pitzer, consider making a gift to us in his or her name.

   

  An endowed gift

  Create an endowment or contribute to one that is already established to ensure that your support of UCR Business will last forever.

   

  A charitable gift annuity

  Funding a gift annuity with appreciated securities or mutual funds will not only provide you with reliable payments for life and allow you to support our work, but it can offer numerous financial benefits. First, your annuity payments are often more than the dividends you would receive each year from the securities. Second, you will receive a federal income tax charitable deduction (when you itemize) in the year the gift is made and eliminate part of the capital gains tax you would have paid if selling the securities.

   

  A charitable remainder trust

  Highly appreciated securities are one of the best ways to fund a charitable remainder trust. You may be reluctant to sell such assets directly because of the tax you would pay on the gain; however, if the assets were transferred to a charitable remainder trust, the assets can be sold without incurring the capital gains tax. The trustee can then reinvest the proceeds in order to secure a higher current income yield.

   

  A charitable lead trust

  Rapidly appreciating assets such as stocks are a great way to fund a charitable lead trust. The assets transferred to the lead trust are frozen in value for transfer-tax purposes at the time of funding. At the end of the trust's term, all appreciation that takes place in the trust will pass tax-free to your heirs.
  *State laws govern payable on death accounts. Please consult with your bank representative or investment advisor if you are considering this gift.