Ways To Give - Planned

New: Did you know that you can make a charitable IRA Rollover to
Fresno State to fund the programs dear to you? Click on the image
below to learn more.

Click Here for ways to
give with your IRA.

Click Here for more information
about Wills, Trusts and Probate.

Bequests:

A gift of assets by will or trust to an individual or charity.

Avoid probate with a gift to the California State University, Fresno Foundation.

Article link: Surprise bequests to college not uncommon

California State University, Fresno Foundation Charitable Gift Annuity:

A gift annuity is an agreement between a donor and the Foundation to provide a fixed income for one or two people. Payments are guaranteed by the Foundation. The Foundation should expect to net 50% of the original gift.

Illustrations of payments and tax benefits and agreements are available on the computer from Crescendo, a planned giving software program. No additional legal representation is needed to represent the Foundation or the donor since the standard agreement has been reviewed internally. Minimum gift sizes range from $5,000 to $25,000.

June 2005: Sample charitable gift annuity payment rates

AGE	RATE
60	5.7%
72	6.7%
76	7.2%
80	8.0%
86	9.9%
90+	11.3%

Article link: For some, it's better to give and to receive

"Oh, without a doubt, the College of Arts & Humanities!" is Rosellen Kershaw's response to the question of which college will benefit from her California State University, Fresno Foundation Charitable Gift Annuity. Meantime, Kershaw receives a guaranteed income of 8.5% annually of her gift and is contemplating a second gift annuity.

Trusts:

The many variations of trusts include living trusts, testamentary trusts, non-charitable trusts and charitable trusts. Although templates are available, trust documents can be quite complex with important differences affecting donors, their families, and the Foundation and necessitate the services of attorneys to create and or review.

A. Living or testamentary trusts may include bequests to the Foundation. There is no minimum dollar amount.

B. Charitable lead trusts may provide an income to the Foundation with the principal to be returned to the donor, his children, his grandchildren or another charity and be used as a tool to minimize estate taxes. Minimums are usually $500,000 to $1,000,000.

C. Charitable remainder trusts most commonly provide an income to the donor (or any persons named in the trust) with the principal or remainder left to the Foundation. These trusts provide a federal income tax deduction and avoid probate. Minimums are $50,000 to $100,000. Payment rate minimum 5%.

Each trust is a separate entity whose investments should be managed prudently for income, growth or preservation of principal. If principal is depleted, no more money is available for income designees or the remaindermen the persons or charitable organizations who will eventually receive the asset.

Retirement Plan Assets:

IRAs, deferred annuities, and other retirement plan assets are a tax effective way to make a testamentary gift to the California State University, Fresno Foundation after your lifetime. When distributions are made from a retirement plan, they usually generate taxable income for taxpaying heirs. In addition, the value of the assets is usually included in the taxable estate. In extreme cases the heirs may receive less than 20 cents of every dollar in the plan.

When the California State University, Fresno Foundation is named as beneficiary of a retirement plan, the assets are not taxed - every dollar in the plan goes to work to benefit Fresno State students.

Donors who wish to have their heirs receive some benefit from their retirement plans may designate a portion to heirs or create a testamentary charitable trust to receive the assets. Assets in the plan are distributed to the trust. The trust pays an income to the heirs for life or for a term of years, then distributes the remainder to the California State University, Fresno Foundation.

Life Insurance and Commercial Annuities:

The California State University, Fresno Foundation may be beneficiary (or partial beneficiary) of personally owned annuities or life insurance or employer-paid life insurance.

If OWNERSHIP of a policy or annuity is assigned to California State University, Fresno Foundation, there may be a federal income tax deduction.

Payable on Death and Transfer on Death Accounts:

U.S. Savings Bonds, bank accounts, stock and mutual fund accounts may be transferred at death to the California State University, Fresno Foundation. Your financial institution can implement these arrangements.

Real Estate:

A. An outright gift creates the highest federal income tax deduction.

B. A gift to a trust may provide income as well as a tax deduction. For real estate gifts a Charitable Remainder Flip Unitrust is the appropriate vehicle. No trust payments need be made to the income recipient until the trust flips due to the sale of the property. Although the payment percentage each year is constant, the dollar amount will vary depending upon each year s trust value.

C. A retained life estate allows the donor to live in the donated property as long as he wishes.

California State University, Fresno Pooled Income Fund:

Enjoy quarterly income from funds commingled with other donors funds invested to provide income for donors and protect the principal for California State University, Fresno Foundation. Minimum initial gifts range from $5,000 to $10,000 with additions of $1,000 or more.

For more information, please contact:

Carol Widmer, CFP

Director of Planned Giving

559.278.8337

cwidmer@csufresno.edu