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Planned Giving and Bequests

Planned giving is as easy as (1) making a charitable gift, and (2) saving taxes. We’d like to make it even easier with this introduction on some of the best ways to give- and save. Follow the links on the side bar for specific information on each topic. Please consult the Caltech Y Development Office or your financial advisor with further questions.

UPDATE - The Charitable IRA Rollover: A Giving Opportunity for 2008 and 2009

Gifts of Cash: Gifts of cash are fully deductible- up to a maximum of 50% of the donor’s gross adjusted income.

Charitable IRA Rollover: The Emergency Economic Stabilization Act of 2008, signed into law on October 3, renews a temporary provision that allows donors age 70½ or older to make a direct, tax-free rollover of up to $100,000 from a traditional or Roth IRA to a qualified charitable organization such as Caltech Y; but only in 2008 or 2009.

Gifts of Stock: If a donor owns stock, it is more often tax-wise to contribute stock than cash.

Gifts of Life Insurance: A gift of life insurance can provide a significant charitable deduction.

Gifts of Real Estate: Gifts of real estate can also be tax-wise.

Life Income Gifts: If donors own stock that is yielding low dividends (2-3%), a life-income gift may be appropriate.

Charitable Lead Trusts: Charitable lead trusts are the reverse of the life-income gifts described previously. The income from the trust is first paid the Caltech Y as the charity’s interest leads the way (thus the name of the trust).

Bequests: The Caltech Y can be named as a beneficiary in donors’ wills in any number of simple ways. An outright gift, either a designated dollar amount or percentage of an estate, could be specified.