Life Income Gifts
Professor Emeritus Charles Dana set up a
charitable gift
annuity
to benefit the university and
provide added security
in retirement.
Contact Planned Giving to find out if a gift annuity
is right for you.
The Cal Poly Foundation offers several types of income-producing gift plans. Discover how your gift of cash, stock or other property to Cal Poly can provide you and a loved one with annual income.
Charitable remainder trusts and charitable gift annuities can provide you with attractive financial and tax benefits while at the same time create a significant gift for Cal Poly. Depending on your situation, several different life income arrangements are available.
Benefits of a Life Income Gift
- No Capital Gains – No capital gains tax will be due when the appreciated asset is sold, leaving the entire principal amount available to produce income.
- Enhanced Income – Once the appreciated asset is sold, the tax-free proceeds can be reinvested into a portfolio that can be focused on producing income.
- Income Tax Savings – You will receive a current income tax deduction equal to the value of your future gift to Cal Poly discounted to present value.
- Estate Tax Savings – Assets transferred into the gift vehicle are considered outside your estate and are therefore not subject to estate taxation.
- Asset Diversification – The property transferred into the gift vehicle is reinvested into a diversified portfolio.
- Relief from Management Responsibility – You will no longer have the burden of managing an asset, such as real estate, but will instead simply receive periodic distributions.
- Significant Future Support for Cal Poly – Planned gifts allow you to give more generously than you might have thought possible, due to the tax and financial benefits.
Profile in Giving: The Peacheys
Mike Peachey, a 1984 architecture graduate, and his wife Pamela have created a charitable remainder trust to equally benefit the College of Architecture and Environmental Design. Not only does the trust support the couple's favorite higher education programs, but the income generated will build an education fund for their young daughter Samantha.