Gift Type and Funding	Gift Amount	Benefits to Donor
Bequests Cash, appreciated securities, closely held securities, real estate, personal property	Percentage of estate or dollar amount	Estate tax charitable deduction is available for the full fair market value of the assets bequeathed; may reduce estate and death taxes, thereby increasing the size of the estate available to heirs
Retained Life Estate Personal residence, vacation home, second home, farm	Full fair market value	Immediate charitable income tax deduction; reduced estate taxes; lifetime living rights in home
Charitable Lead Trust   Cash, appreciated securities, closely held securities, real estate	$50,000 or more	Transfers assets to heirs while reducing gift and estate taxes
Charitable Remainder Unitrust   Cash, appreciated securities, some closely held securities, some real estate	$50,000 or more	Flexibility of a separately managed portfolio; immediate charitable income tax deduction; variable annual income; bypass of capital gain on appreciated assets used to fund the trust; reduced estate taxes; excellent gift vehicle for real estate; trust accepts additional gifts
Charitable Remainder Annuity Trust   Cash, appreciated securities, some closely held securities	$50,000 or more	Immediate charitable income tax deduction; fixed annual income; bypass of capital gain on appreciated assets used to fund the trust; reduced estate taxes
Pooled Income Fund   Cash, securities (tax-free bonds cannot be used)	$10,000 or more	Immediate charitable income tax deduction; variable annual income; bypass of capital gain on appreciated assets used to fund the pooled income fund; reduced estate taxes
Charitable Gift Annuity   Cash, securities	$10,000 or more	Fixed annual income; immediate charitable income tax deduction; partially tax-free income; reduced capital gain and estate taxes
Deferred Payment Charitable Gift Annuity   Cash, securities	$10,000 or more	Immediate charitable income tax deduction; fixed retirement income; partially tax-free income; reduced capital gain and estate taxes
Retirement Plan or Life Insurance  Beneficiary Designation   Pension plans, fully paid IRAs, life insurance plans	Plan or fully paid policy (a percent or full amount)	Tax deduction; reduced estate taxes

     

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This information is provided with the understanding that Occidental College is not engaged in rendering legal, accounting, or other professional advice and assumes no liability whatsoever in connection with its use.  Because tax laws are constantly changing and are subject to differing interpretations, we urge you to consult your tax and financial advisors before acting on the information contained herein.

 

Last updated:01/23/08