Planned Giving

Each campus has staff members that are experienced in gift planning and understand the importance of philanthropy as a part of a successful overall estate plan. They are available to assist you and your advisers as you consider the many opportunities to make a planned gift. By working together, the university and the benefactor create a distinctive gift that blends the donor's vision with the objectives of the California State University.

Giving Through Your Will

Many people see their will as a chance to leave their mark on the future by assisting important causes or institutions that have had meaning for them.

You may contact your CSU campus planned giving representative or simply use the following language:

I give, devise and bequeath to the California State University (NAME),

The sum of $__________


________ % of the remainder of my estate


the following property, to wit: ________

as an unrestricted gift to benefit CSU (NAME) to be used wherever the need is greatest.

Gift Annuity

A gift annuity is when the donor makes an irrevocable gift in exchange for life income payments. A charitable gift annuity is a contract between the donor and the CSU Foundation under which the foundation guarantees payment of the annuity. Two features in particular make charitable gift annuities appealing. An individual may specify whether he or she wants an immediate annuity, with payment to begin not later than one year from the date of the gift, or a deferred gift annuity, from which payments are not to begin until a specified future date. In addition, the income stream from such an arrangement can be higher than current market rates. For more information about the CSU Charitable Gift Annuity Program, link here.

Remainder Trusts

Some gifts offer a lasting impact while providing favorable income and estate tax advantages to you as a donor. A Charitable Remainder Trust pays income to you for life.

Cash or highly appreciated assets, such as real estate or stocks, may be placed into a professionally managed trust. As a charitable entity, the trust is able to sell and reinvest the assets, without shrinkage or capital gains.

Retirement Plan Assets

IRAs, deferred annuities, and other retirement plan assets can be a great way to make a gift to a California State University after your lifetime. When distributions are made from a retirement plan, they usually generate taxable income for heirs. In extreme cases, the heirs may receive less than 20 cents of every dollar in the plan.

When the foundation is named as beneficiary of the retirement plan, the assets are distributed for the benefit of the campus without generating any taxes - every dollar in the plan goes to work to accomplish your charitable purpose here at the university.

Donors who wish to have their heirs receive some benefit from their retirement plan can name a charitable trust to receive the assets on their death. Assets in the plan are distributed to the trust without triggering income taxes. The trust pays a taxable income to the heirs for life or for a term of years then distributes the assets to the university. This type of arrangement generates a partial estate tax deduction.

Other Planned Gifts

"Beneficiary Arrangements" - As with retirement plan assets, arrangements can often be made to pay assets to the university upon your death, including life insurance, U.S. Savings Bonds, bank accounts, and some mutual fund accounts. Your financial institution or insurer can provide you with the paperwork it requires to implement these arrangements.

Charitable Lead Trusts - Charitable lead trusts are often viewed as the opposite of Charitable Remainder Trusts. The donor transfers property to the charitable lead trust to provide the California State University with an income stream for a designated period of time. When the time has lapsed, the remainder of the trust passes to heirs. Although there is no income tax deduction when the charitable lead trust is established, the donor can reduce the size of their taxable estate and pass asset growth to heirs that avoid both gift and estate taxes.

Content Contact:
University Advancement
(562) 951-4810
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Last Updated: May 19, 2016