How You Can Make a Legacy Gift

 Your Goal

  • Bequest: Defer a gift until after your lifetime.
  • Revocable Living Trust: Make a revocable gift during your lifetime.
  • Outright Gift of Cash: Make a quick and easy gift.
  • Outright Gift of Securities: Eliminate tax on capital gains.
  • Gift of Life Insurance: Make a large gift with little cost to yourself.
  • Gift of Retirement Assets: Eliminate the twofold taxation on IRAs or other qualified retirement plans.
  • Charitable Remainder Unitrust: Create a hedge against inflation over the long term and supplement your retirement income.
  • Charitable Lead Trust: Reduce gift and estate taxes on assets you pass to children or grandchildren.

How You Make the Gift

  • Bequest: Name Glendale College Foundation in your will or revocable living trust (designate a specific amount, a percentage, or a share of the residue.)
    Language to Insert Into Your Estate Plans (1.5K PDF)
  • Revocable Living Trust: Name Glendale College Foundation the beneficiary of assets in a living trust.
  • Outright Gift of Cash: Simply write a check.
  • Outright Gift of Securities: Contribute long-term appreciated stock or other securities.
  • Gift of Life Insurance: Contribute a life insurance policy you no longer need.
  • Gift of Retirement Assets: Name Glendale College Foundation as the beneficiary on the balance left after your lifetime, using the plan's beneficiary form. 
  • Charitable Remainder Unitrust: Create a trust that pays a fixed percentage of trust's assets as revalued annually.
  • Charitable Lead Trust: Create a charitable trust that pays fixed or variable income to us for a specific term of years; thereafter the balance is given to loved ones.

Your Benefits

  • Bequest:
    • gift exempt from federal estate tax
    • control of asset for your lifetime
  • Revocable Living Trust:
    • control of the trust for your lifetime
    • gift in trust exempt from federal estate tax
  • Outright Gift of Cash:
    • immediate income tax deduction
    • witness the benefits of your generosity
  • Outright Gift of Securities:
    • immediate charitable deduction of full fair market value
    • elimination of capital gains tax
  • Gift of Life Insurance: 
    • current income tax deduction
    • possible future deductions through gifts to pay policy premiums
  • Gift of Retirement Assets:
    • make the gift from the most highly taxed assets, leaving more for family
    • eliminates income and estate taxes
  • Charitable Remainder Unitrust: 
    • variable income for lift
    • immediate income tax charitable deduction
  • Charitable Lead Trust: 
    • reduces your taxable estate
    • property given back to your family, often with reduced gift taxes

For more information, please contact Lisa Brooks, executive director, at (818) 551-5196 or lbrooks@glendale.edu