How will you build your legacy? - University of California, Santa Cruz

UC SC GUID E TO PL A NNED GI V ING
How will you build your legacy?
CONTENTS
YOUR SUPPORT BUILDS
ON OUR ACHIEVEMENTS:
YOU CAN BUILD A STRONG LEGACY3
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A note from Chancellor Blumenthal
YOUR GIFT IS A POWERFUL INVESTMENT 4
STUDENT STORIES 5
STEP 1
YOUR GIFT IS A REWARDING INVESTMENT 7
Planned Giving: Something for Everyone
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STEP 2
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HOW TO BEGIN YOUR LEGACY
Cash Gifts
Property Other than Cash
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STEP 3
MAKE YOUR GIFT WORK FOR YOU
Gifts That Provide Income
Your Legacy Planning Options (table) $IBSJUBCMF(JGU"OOVJUJFT $IBSJUBCMF3FNBJOEFS5SVTUT
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Gifts From Your Retirement Plans and Estate
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THE 21ST CENTURY CLUB............................ CONTACT UCSC
APPENDIX
Bequest Language
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You can build a strong legacy
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“A gift to UCSC is a social investment—and the dividends are
invaluable. We are transforming
students’ lives and perspectives,
enabling them to innovate,
research, and solve challenging
real-world problems. Our excellent
faculty make UCSC an exceptional
institution for new ideas and
visionary thinking, joining together
the best elements of creativity,
knowledge, and wisdom. Much of
this success is owed to our friends
and supporters at UCSC.”
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Chancellor
TO FIND OUT MORE, PLEASE VISIT: GIVING.UCSC.EDU/PLANNEDGIFTS
page 3
Your gift is a powerful investment
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Examples of your investment in action:
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Flexible giftsQSPWJEFB
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Funding to provide scholarships
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page 4
UC SANTA CRUZ GUIDE TO PL ANNED GIVING
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STUDENT
STORIES
Huijun Katherine Chen
Degrees: B.A. history; B.A.
economics; B.A. math
(interdisciplinary
triple major)
Amanda Smith
College: Nine
Hometown: San Jose, CA
Degree: B.A. feminist studies
College: Kresge
Hometown: Palo Alto, CA
Drew Detweiler
Joi Barnett
Degrees: M.F.A. digital arts
and new media (DANM)
Degree: B.S. computer
engineering
Associate Fellow, Porter
College
College: Oakes
Hometown: Los Angeles, CA
Hometown: Charlotte, NC
“My goal when I started
college was to find a job on
Wall Street and be financially
secure, but now I feel that
my education would be
better used to help improve
the lives of others.”
Most surprising thing
about UCSC?
“The dedication and maturity
of the student body. It
seems like everyone is
involved with an activity that
they truly care about, and
many of them work or intern
without pay. They can see
past materialism and simply
embrace their passions, which
I think is unique to UCSC.”
“My thesis project was the
realization of a long-term
dream of working with youth
in Brazil. I put video cameras
into the hands of the first-time
cinema students at the Instituto
Dois Irmâos, and it’s hard to
describe the joy and chaotic
excitement as they ran out
into the streets shooting video
of everything.”
How has your UCSC
graduate education shaped
you professionally?
“I was a ‘nontraditional’ student, in
that I had worked professionally
as a film educator before I
enrolled in the DANM program.
At UCSC I had the opportunity
to work with many amazing
professors as a Teaching
Assistant for film, art, and
music courses. Not only was I
inspired artistically, but I also
rediscovered the classroom as a
student and a TA, which has
made me a better teacher.”
“UCSC has helped cultivate my
academic passions, and through
that, my identity. My experiences
at UCSC have made me stronger,
more intelligent, and more
motivated to effect positive
change in society.”
Most surprising thing
about UCSC?
“The diversity of classes and class
structures. From large lectures
courses, to seminars with 20
students, to independent one-onone projects, to volunteering and
off-campus service projects—
UCSC offers such a wealth of
academic opportunities.”
TO FIND OUT MORE, PLEASE VISIT: GIVING.UCSC.EDU/PLANNEDGIFTS
“I have met so many people—
professors, students, prospective
students—who have helped
me realize how I want to live
my life and who I am as a
person. I wouldn’t trade this
experience for anything else.”
Your favorite class or professor
and why?
“My most valued classroom
experience was as participant in
UCSC’s Academic Excellence
(ACE) Program. Nandini
Bhattacharya, the section
leader for my lower-division
math courses, is an amazing
instructor. She not only taught
me mathematics, but also
showed me that the cliché
‘You can do anything you put
your mind to,’ is a very realistic
statement. She always believed
in me and, because of her, I was
able to become a successful
engineering student.”
page 5
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For more information on establishing a
Charitable Remainder Unitrust, contact the
Office of Gift Planning at 831-459-5227 or
by e-mailing [email protected].
page 6
UC SANTA CRUZ GUIDE TO PL ANNED GIVING
Step1. Your gift is a rewarding investment
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UCSC’s philanthropic partners have the opportunity
to honor others — perhaps a family member, a
friend, or a respected mentor—by naming their
gift. Opportunities include naming a research fund,
an endowed scholarship or faculty chair, library
subjects, or facilities. Let us help you design a gift
that honors that special someone.
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PLANNED GIVING:
SOMETHING FOR EVERYONE
Fulfill your philanthropic goals, and discover more ways to give
than you ever thought possible.
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investments in UCSC can provide extra retirement income,
or help pay for your children or grandchildren’s education.
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investment to establish a current use fund that is
entirely expendable and lasts only as long as the
fund exists. Or you may wish to establish and
name an endowment fund that exists in perpetuity
and generates an annual distribution. Named at
your request, this endowment will exist in perpetuity;
annual payments from the endowment support the
scholarship, program, or faculty chair while the
value of the fund continues to grow.
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maximizing the financial advantages available to you.
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explore, discover—even transform—the world and share the
rewards, through a return on investment measured in innovation
for generations to come.
Supporting the UCSC Fund is the most flexible
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endowment, you will provide UCSC with a
perpetual fund named as you wish. Its income is
then directed by the chancellor to meet the
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gifts can also benefit a specific area of UCSC, or
focus on a particular area, such as endowed
scholarships, fellowships, or faculty chairs.
TO FIND OUT MORE, PLEASE VISIT: GIVING.UCSC.EDU/PLANNEDGIFTS
page 7
Step 2. How to begin your legacy
CASH GIFTS
PROPERTY OTHER THAN CASH
Cash is the most common and popular type of asset given.
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Foundation, and mailed to this address:
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UC Santa Cruz Foundation
1156 High Street
Santa Cruz, CA 95064
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gift is either unrestricted or designated for a specific purpose.
Your receipt will be mailed to the address you provide.
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50 percent of your adjusted gross income can be deducted;
any excess can be deducted over the next five years. The
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actual tax savings depends on your tax rate and other factors.
Generally, the higher your tax rate, the greater your savings. Gifts
of cash are considered completed when delivered or mailed.
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page 8
Gifts of appreciated securities, including appreciated
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low after-tax cost. If you have securities that have
increased in value and you have owned them at least
12 months and a day, you not only receive a deduction
based on the full appreciated value of the asset, but
you also avoid the capital gains tax that would have
been due if you had sold the shares.
You can generally deduct gifts in the form of appreciated
property up to 30 percent of your adjusted gross
income. To maximize the tax benefits available to you,
your shares must be transferred to the UCSC Foundation
before they are sold. The way you transfer shares is
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account to our foundation account—an easy way to
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most other charitable gifts, real estate gifts are tax
deductible — and that’s just the beginning. Through
various ways of managing property and arranging for
its distribution to family and others, you can minimize
taxes and worries for your heirs. You may also be able
to arrange supplemental income for retirement as part of
your gift, or give a home while you continue to live in it.
UC SANTA CRUZ GUIDE TO PL ANNED GIVING
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other personal property can become practical and
meaningful gifts. The amount of your deduction
depends on various factors including but not limited
to the appraised value and how your gift will be used.
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donated personal property in the normal course of its
educational and/or research activities, your deduction
for the gift can generally include the appreciated
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more than $5,000 require an independent appraisal.
UCSC retains the right to decide which tangible
personal property to accept.
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Insurance policies that were purchased to provide
protection for dependent children or as part of a
business partnership, but are no longer needed for
their original purpose, provide an excellent giving
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the UCSC Foundation, the value of your gift is
determined to be approximately the current net cash
value of the policy at the time the gift is made.
INVESTING IN STUDENTS
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TO FIND OUT MORE, PLEASE VISIT: GIVING.UCSC.EDU/PLANNEDGIFTS
page 9
Step 3. .BLFZPVSHJGUXPSLGPSZPV
GIFTS THAT PROVIDE INCOME
%JEZPVSFBMJ[FUIBUZPVDBONBLFBHJGUUP
6$4$XIJMFSFUBJOJOHOFFEFEJODPNF 5IFSF
BSFTFWFSBMUZQFTPGJODPNFQSPEVDJOHHJGUT
UPDIPPTFGSPNFBDIXJUIEJGGFSFOUCFOFmUT
BOESFRVJSFNFOUT
#FOFmUTPGUIFTFHJGUTJODMVEFUBYTBWJOHT
DIBSJUBCMFEFEVDUJPOTBOESFHVMBSQBZNFOUT
UPZPVBOEZPVSTQPVTFPSQBSUOFSGPSMJGF
*OUIFTFBSSBOHFNFOUTHJGUHJWJOHOFFEOPU
NFBOTBDSJmDJOHmOBODJBMTFDVSJUZ5IJTUZQF
PGHJWJOHDBOIFMQZPV
t $SFBUFBTVQQMFNFOUBMTPVSDFPG
SFUJSFNFOUJODPNF
t &OTVSFBQSPUFDUFEJODPNFGPSZPVSTQPVTF
PSPUIFSMPWFEPOFTXIPTVSWJWFZPV
t "SSBOHFGVOETUPDPWFSFEVDBUJPOBM
FYQFOTFTGPSDIJMESFOPSHSBOEDIJMESFO
t *ODSFBTFZPVSJODPNFGSPNMPXZJFMEJOH
TUPDLTPSPUIFSBTTFUT
8JUIUIFTFQPTTJCJMJUJFTJONJOESFBEPO
UPMFBSOBCPVUTFWFSBMHJGUQMBOTUIBUBMMPX
ZPVUPHJWFNPSFXIJMFQSFTFSWJOHZPVS
FDPOPNJDXFMMCFJOH
Continues on page 12
page 10
UC SANTA CRUZ GUIDE TO PL ANNED GIVING
YOUR LEGACY PLANNING OPTIONS
(*'54
5)"55)&
6/*7&34*5 :
CAN USE
TODAY
(*'545)"5
PAY YOU
*/$0.&
(*'545)"5
5",&&''&$5
"'5&3:063
-*'&5*.&
TYPE OF GIFT
BENEFITS
BENEFICIARY
Outright
t$VSSFOUJODPNFUBYEFEVDUJPO
t4FFHJGUJOPQFSBUJPOEVSJOHZPVSMJGFUJNF
t6$4$JTJNNFEJBUFCFOFëDJBSZ
Charitable
Lead Trusts
t$VSSFOUJODPNFTUSFBNUP6$4$
with potential gift tax savings
to heirs in the future
t6$4$JTJNNFEJBUFJODPNF
beneficiary for term of years
t:PVPSZPVSIFJSTBSFGVUVSF
residual beneficiaries
*3"3PMMPWFS(JGUT
(For 2011)
t6QUPLPGUBYGSFFEJTUSJCVUJPO
from retirement account
t&BTZXBZUPNBLFBOOVBMHJGUGPS
individuals 70 1/2 years or older
t6$4$JTJNNFEJBUFCFOFëDJBSZ
Charitable
(JGU"OOVJUZ
t$VSSFOUJODPNFUBYEFEVDUJPO
t1PSUJPOPGQBZNFOUTNBZCFUBYGSFF
t'JYFEBOEQSFEJDUBCMFQBZNFOUT
t0OFPSUXPBOOVJUBOUCFOFëDJBSJFT
t6$4$JTGVUVSFSFTJEVBM
beneficiary
Charitable
Remainder Trusts
t$VSSFOUJODPNFUBYEFEVDUJPO
t1SFTFSWBUJPOPGBQQSFDJBUFEDBQJUBM
t%JWFSTJëDBUJPOPGJOWFTUNFOUT
t1BZNFOUTGPSMJGFPSUFSNPGZFBST
t0OFPSNPSFJODPNFCFOFëDJBSJFT
t6$4$JTGVUVSFSFTJEVBMCFOFëDJBSZ
1PPMFE*ODPNF'VOET
t$VSSFOUJODPNFUBYEFEVDUJPO
t1PSUJPOPGQBZNFOUTNBZCFUBYGSFF
t'JYFEPSWBSJBCMFQBZNFOUT
t0OFPSUXPCFOFëDJBSJFT
t6$4$JTGVUVSFSFTJEVBMCFOFëDJBSZ
Bequests
t$IBSJUBCMFEFEVDUJPOGPSUBYBCMFFTUBUFT
t"MMPXTZPVUPNBLFBMBSHFHJGUBUOP
immediate cost to you
t6$4$JTGVUVSFCFOFëDJBSZ
Life Insurance
t"MMPXTZPVUPNBLFBMBSHFHJGUBUMJUUMF
cost to you
t6$4$JTGVUVSFCFOFëDJBSZ
3FUJSFNFOU1MBOT
t"WPJEEPVCMFUBYBUJPOPGSFUJSFNFOUBTTFUT
t6$4$BQQMJFTUIFGVMMBNPVOUPGQMBO
assets to the purpose you choose
t6$4$JTGVUVSFCFOFëDJBSZ
3FUBJOFE-JGF&TUBUF
t$VSSFOUJODPNFUBYEFEVDUJPO
t1PUFOUJBMFTUBUFUBYTBWJOHT
t:PVSFUBJOMJGFUJNFCFOFëDJBMVTFPG
real property
t6$4$SFDFJWFTGVUVSFSJHIUTUPQSPQFSUZ
TO FIND OUT MORE, PLEASE VISIT: GIVING.UCSC.EDU/PLANNEDGIFTS
page 11
GIFTS THAT PROVIDE INCOME, continued
$)"3*5"#-&(*'5"//6*5*&4
Immediate Payment ($20,000 minimum)
:PVDBONBLFBHJGUUISPVHIBDIBSJUBCMFHJGUBOOVJUZ
BHSFFNFOU)FSFTIPXJUXPSLT
1. You transfer cash or other assets to UCSC to fund a
gift annuity agreement.
2. You’ll receive a fixed payment each year. The amount of
your payment is a percentage of your gift determined
by your age when the gift is arranged.
3. This gift generates an immediate tax deduction, and
part of each annual payment you receive may be taxfree for a number of years.
4. You may also name a second individual to receive payments with you for his or her lifetime. In a joint-life gift
annuity, the payment and deduction are less because
the annuity is distributed to two people during the
course of their lifetimes.
page 12
5. The asset value that remains from the original gift at
the death of the annuitant(s) is the gift to UCSC.
.BOZ6$4$BMVNOJBOEGSJFOETëOEJUCFOFëDJBMUPBSSBOHFB
new gift annuity agreement each year. Since payment rates for
older donors are higher than for younger donors, each new
gift annuity generally brings larger annual payments
Deferred Payments ($20,000 minimum)
Because older donors generally enjoy higher payment rates
GPSHJGUBOOVJUJFTHJGUBOOVJUJFTUIBUNBLFJNNFEJBUF
payments are most attractive for those over 65. Younger
donors might consider a deferred charitable gift annuity
BHSFFNFOUBTQBSUPGUIFJSSFUJSFNFOUQMBOOJOH8JUIB
deferred annuity, you transfer funds today and receive an
income tax deduction this year, but payments to you begin
at a date you specify, several years in the future.
UC SANTA CRUZ GUIDE TO PL ANNED GIVING
$)"3*5"#-&3&."*/%&3536454
($100,000 minimum)
"DIBSJUBCMFSFNBJOEFSUSVTUFOBCMFTZPVUPBSSBOHFGPS
a very meaningful gift to UCSC while first providing
income for yourself or others you name.
)FSFTIPXBDIBSJUBCMFSFNBJOEFSUSVTUXPSLT
1. You, as the donor, create a trust with the assistance of
your legal/financial advisers.
2. You transfer cash or other property, the minimum value
of which must exceed $100,000, to the trust, to be manBHFECZBUSVTUFFɨFUSVTUFFDBOCFZPVBCBOLBUSVTU
company or the UC Santa Cruz Foundation.
1BZNFOUTDPOUJOVFVOUJMUIFUSVTUJTiEJTTPMWFEwɨF
trust document specifies when this is to occur, such
as at the death of the last beneficiary or after a stated
period of time.
8IFOUIFUSVTUJTEJTTPMWFEJUTBTTFUTBSFEJTUSJCVUFE
UP6$4$5IJTHJGUQPSUJPOJTLOPXOBTUIFiDIBSJUBCMFSFNBJOEFSw
Charitable remainder trusts can be designed to pay either
fixed, unchanging income, or an income that will vary
with the performance of the trust assets. Read on for
details about these two types of trusts.
3. You receive an income tax deduction in the year you
create the trust.
$)"3*5"#-&3&."*/%&3"//6*5 :53645‰
'03*/$0.&5)"5/&7&3$)"/(&4
4. The trustee manages the property for the beneficiaries.
:PVPSPUIFSTZPVOBNFBSFDBMMFEUIFiJODPNFCFOFëDJBSJFTwBOEUIF6$4BOUB$SV['PVOEBUJPOJTUIF
iDIBSJUBCMFCFOFëDJBSZw
"DIBSJUBCMFSFNBJOEFSBOOVJUZUSVTUBMMPXTZPVUPNBLF
a gift while receiving a fixed and regular income, perhaps
supplementing your retirement plan. This type of trust
also allows for the professional management of assets for
you and surviving loved ones.
&BDIZFBSBEJTUSJCVUJPOGSPNUIFFBSOJOHTPSBTTFUTJO
the trust is paid to the income beneficiaries.
"OOVBMQBZNFOUTGSPNUIJTUZQFPGUSVTUDPNQSJTFBUMFBTU
five percent of the amount originally placed in the trust.
TO FIND OUT MORE, PLEASE VISIT: GIVING.UCSC.EDU/PLANNEDGIFTS
page 13
GIFTS THAT PROVIDE INCOME, continued
$)"3*5"#-&3&."*/%&36/*53645‰
'03'-6$56"5*/(*/$0.&
-JLFUIFBOOVJUZUSVTUUIFDIBSJUBCMFSFNBJOEFSVOJUSVTU
JTBHJGUUIBUJTEFTJHOFEUPSFUVSOBOJODPNF#VUVOMJLF
the income-generating annuity trust, the income from
a unitrust fluctuates with the value of the trust assets as
valued annually.
You determine the annual payout percentage when the gift
is made. By law, this payout percentage must be a minimum
PGëWFQFSDFOUBOEOPNPSFUIBOQFSDFOU&BDIZFBS
this percentage of the value of the trust assets is paid to
ZPVPSPUIFSTZPVTFMFDU8IFOUIFWBMVFPGUIFUSVTU
investments increases, more income is distributed. The
income will be less if the value of the investments declines.
New gifts can be made to this trust, and a tax deduction is
allowed for additional contributions.
$)"3*5"#-&-&"%536454
Charitable lead trusts allow UCSC to use your gift right
away, while reserving future benefits from the gift for
family members.
In this type of gift arrangement, you contribute property
to an irrevocable trust. The trustee pays an income to
6$4$GPSZPVSMJGFUJNFPSBQFSJPEPGZFBST"UUIFFOE
PGUIFUFSNUIFUSVTUQSPQFSUZJTEJTUSJCVUFECBDLUPZPV
or to your heirs.
page 14
The primary estate planning advantage of charitable lead
trusts is that the property contributed is valued for estate
and gift tax purposes on the date of contribution. This
NFBOTUIBUJGZPVIBWFBOBTTFUUIBUJTMJLFMZUPBQQSFDJBUF
substantially in value over time, such as real estate or
securities, you may wish to remove it from your estate
OPXCZDPOUSJCVUJOHJUUPBDIBSJUBCMFMFBEUSVTU8IFO
your heirs receive it they will not have to pay gift or estate
tax on the increase in value between the date of contribution
and the date of distribution.
100-&%*/$0.&'6/%4
($20,000 minimum)
"QPPMFEJODPNFGVOEQSPWJEFTEPOPSTXJUIUBYTBWJOH
CFOFëUTXIJMFBMTPNJOJNJ[JOHJOWFTUNFOUSJTLBOEPWFSIFBEGFFT8IFOZPVDPOUSJCVUFBNJOJNVNPG
UPBQPPMFEJODPNFGVOEZPVSHJGUJTiQPPMFEwXJUIHJGUT
from other donors and invested in a diversified portfolio.
Income earned by the fund is distributed proportionately
each year to those who have contributed. Benefits of a
pooled income fund include bypassing the capital gains
tax, increasing income, and receiving a charitable tax
EFEVDUJPOJOUIFZFBSUIFHJGUXBTNBEF"GUFSUIFEFBUIT
of the last beneficiaries, the proportionate share of the fund’s
assets is distributed to UCSC to be used as designated
by the donor.
UC SANTA CRUZ GUIDE TO PL ANNED GIVING
5)&-&("$:$0/5*/6&4
%"7*%5)0."4‰
'06/%*/('"$6-5:
.&.#&3
i*XBTBGPVOEJOHGBDVMUZNFNCFS
BOE*UBVHIUBU6$4$GPSZFBST*
LOPXUIFRVBMJUZPGJUTFEVDBUJPO*
BMTPLOPXUIBUNBOZQPUFOUJBMTUVEFOUT
DBOOPUBUUFOEGPSXBOUPGNFBOT
*WFJODMVEFE6$4$JONZXJMM5IFSF
BSFCFRVFTUTUP4IBLFTQFBSF4BOUB
$SV[BOEUPNZMPOHUJNFDPMMFHF
IPNF4UFWFOTPO$PMMFHF5IFMBSHFTU
BNPVOUUIPVHIHPFTUPGVOEJOH
VOEFSHSBEVBUFTDIPMBSTIJQT
5PDSFBUFNZXJMM*TQFOUPWFSTJY
NPOUITUIJOLJOHUISPVHINZMJGF
FYQFSJFODFBOENZDPNNJUNFOUT
BOEXIBU*XPVMEMJLFUPDPOUJOVF
UPTVQQPSU5IJTXBTBEFNBOEJOH
BOEJOTUSVDUJWFFYFSDJTF*XPSLFE
XJUI6$4$TQMBOOFEHJWJOHGPMLT
UPTIBSQFOBOESFGJOFUIFGPDVT
BOEUPGJOEUIFBQQSPQSJBUFMFHBM
MBOHVBHF5IFZXFSFNPTUIFMQGVM
*GBTLFE*EBEWJTFBOZPOFFOHBHFE
JOUIJTQSPDFTTUPTQFOEUIFUJNF
UPHFUDMFBSPOZPVSWBMVFTBOE
PQQPSUVOJUJFTBOEUPXFJHIBMUFSOBUJWFT5IFOXPSLXJUIBEWJTFST
BOE6$4$TQFPQMF*EJEBOE*N
QMFBTFEXJUIUIFSFTVMUw
For more information, contact
the Office of Gift Planning at
831- 459-5227.
TO FIND OUT MORE, PLEASE VISIT: GIVING.UCSC.EDU/PLANNEDGIFTS
page 15
GIFTS FROM YOUR RETIREMENT PLANS AND YOUR ESTATE
&TUBUFQMBOOJOHJTJNQPSUBOUUPZPVSCFOFm-
#&26&454
DJBSJFT*UDBOBMTPCFBWFIJDMFGPSHJWJOHUP
Gifts through wills or living trusts, after your lifetime,
are commonly referred to as bequests. They’re popular
because they’re easy to arrange and can be changed at
ZPVSEJTDSFUJPOɨFZBMMPXZPVUPNBLFBTJHOJëDBOU
contribution to the UCSC Foundation while reducing
estate taxes.
UIF6$4$'PVOEBUJPOBOEBDPOWFOJFOUXBZ
UPLOPXUIBUZPVSBTTFUTXJMMCFEJSFDUFE
BDDPSEJOHUPZPVSJOUFOUJPOT3FUJSFNFOUQMBOT
BOECFRVFTUTBMMPXZPVUPQSPWJEFGPSUIF
6$4$'PVOEBUJPOOPXXJUIPVUJNQBDUJOHZPVS
DVSSFOUmOBODFT
3&5*3&.&/51-"/4*3"4
%FTJHOBUJOHUIF6$4$'PVOEBUJPOBTUIFDIBSJUBCMFCFOFëciary of your retirement plan or individual retirement
BDDPVOU*3"
JTBTJNQMFBOEFêFDUJWFXBZUPHJWFUP6$4$
*OGBDUSFUJSFNFOUQMBOTBOE*3"TTIPVMECFPOFPGUIFëSTU
assets considered when formulating the charitable aspects of
ZPVSFTUBUFQMBO8IZ *UTBOFYQFOTJWFBTTFUGPSZPVSIFJST
"TZPVLOPXUSBEJUJPOBMSFUJSFNFOUGVOETIBWFOFWFSCFFO
UBYFEBTJODPNF8IFOZPVNBLFBXJUIESBXBMGSPNZPVS
*3"PSSFUJSFNFOUQMBOZPVNVTUQBZUBYFTPOJUBTPSEJOBSZ
JODPNF"MTPXIBUFWFSSFNBJOTJOUIFTFQMBOTXIFOZPVBSF
gone is subject to both income and estate tax. If you are in
UIFIJHIFTUUBYCSBDLFUUIFTFDPNCJOFEUBYFTDPVMESFEVDF
the value of your retirement plans by 50 percent or more.
8IFODPOTJEFSJOHBCFRVFTUSFNFNCFS
UIBUBMMPGUIFMJGFJODPNFHJGUTQSFWJPVTMZ
EFTDSJCFE‰DIBSJUBCMFHJGUBOOVJUJFTQPPMFE
JODPNFGVOETDIBSJUBCMFSFNBJOEFSUSVTUT
BOEDIBSJUBCMFMFBEUSVTUT‰DBOCFJODMVEFE
JOZPVSXJMMPSMJWJOHUSVTUUPUBLFFGGFDU
VQPOZPVSEFBUI
page 16
Contact your attorney when planning your bequest.
Your attorney should contact our office prior to
drafting your estate plans to ensure the program,
scholarship, or other opportunity in the bequest is
properly described.
:PVSCFRVFTUDBOUBLFWBSJPVTGPSNT
t 4QFDJëD#FRVFTUUCSC Foundation receives a
specific dollar amount, a percentage of your estate,
or specific property.
t 3FTJEVBSZ#FRVFTUUCSC Foundation receives all or
a stated percentage of your estate after distribution
of specific bequests (such as gifts to family members
or friends) and payment of debts, taxes, and expenses.
t $POUJOHFOU#FRVFTUUCSC Foundation receives part or
all of your estate under certain specified circumstances.
Often, you can amend your existing will or living
USVTUCZBEEJOHBiDPEJDJMwPSBNFOENFOUɨJTJTB
simple document directing that the provisions of the
PSJHJOBMEPDVNFOUBSFTUJMMJOFêFDUCVUZPVBSFOPX
including the UCSC Foundation as a beneficiary of
your estate.
Regardless of the form of bequest used, you can
designate your bequest to establish a current use fund,
which is totally expendable, or an endowment fund,
which exists in perpetuity and generates annual
support or payout to such things as a scholarship
income, program or faculty development. For your
convenience, sample bequest language is provided in
UIF"QQFOEJYPGUIJTCPPLMFU
UC SANTA CRUZ GUIDE TO PL ANNED GIVING
As part of UCSC’s 45th
anniversary celebration,
Chancellor Blumenthal
hosted 21st Century
Club members at a
tribute luncheon.
GIVING
SOCIETY
THE 21st CENTURY CLUB
5IFTU$FOUVSZ$MVCSFDPHOJ[FTUIPTFJOEJWJEVBMTUIBUIBWFNBEF
QSPWJTJPOTGPS6$4$UISPVHIUIFJSXJMMPSSFWPDBCMFUSVTUSFUJSFNFOU
QMBOMJGFJODPNFHJGUPSMJGFJOTVSBODFQPMJDZ
.FNCFSTPGUIFTU$FOUVSZ$MVCBSFBDLOPXMFEHFEJOBOVNCFSPG
XBZTTVDIBTSFDFJWJOHJOWJUBUJPOTUPVOJWFSTJUZFWFOUTBOECFJOHMJTUFE
JOUIFDMVCT)POPS3PMM
TO FIND OUT MORE, PLEASE VISIT: GIVING.UCSC.EDU/PLANNEDGIFTS
page 17
Contact UC Santa Cruz
*OEJWJEVBMTMJLFZPVBSFDSJUJDBMUPUIFTVDDFTTPG
6$4$TUVEFOUTXIPMFBWFPVSDBNQVTBCMFUP
NBLFBSFBMBOEQFSNBOFOUEJGGFSFODFJOPVS
JOUFSDPOOFDUFETPDJFUZ
(JGUTUIBUQSPWJEFJODPNFDBOUBLFUJNF0VS
QSPGFTTJPOBMTBSFBWBJMBCMFUPBTTJTUZPVJOZPVS
EFDJTJPODIPPTJOHBOBQQSPBDIUIBUGVMmMMTZPVS
UC Santa Cruz
Office of Gift Planning
University Relations
1156 High Street
Santa Cruz, CA 95064
Tel: 831.459.5227
QIJMBOUISPQJDBOEmOBODJBMPCKFDUJWFT
#FGPSFZPVEFDJEFUPJOWFTUJO6$4$QMFBTF
giving.ucsc.edu/plannedgifts
DPOUBDUVT:PVDBOSFDFJWFUIFIFMQUIBUFOTVSFT
ZPVSHJGUIBTUIFJNQBDUZPVEFTJSF
5PUIBUFOEEJTDVTTBOZHJGUZPVNBZCFDPOTJEFSJOH
XJUIZPVSmOBODJBMBEWJTFSBOEPSBUUPSOFZ
:PVSBEWJTFSTDBOIFMQZPVCBTFEPOZPVSVOJRVF
DJSDVNTUBODFTBOEXPSLJODPODFSU
XJUI6$4$TQSPGFTTJPOBMT
&GGFDUJWFHJGUQMBOOJOHDBO
QSPWJEFBXJEFSBOHFPG
CFOFmUTJODMVEJOHHJWJOH
NPSFUIBOZPVEJNBHJOFE
GVMmMMJOHZPVSQIJMBOUISPQJD
HPBMTIPOPSJOHBMPWFE
POFPSDSFBUJOHBMFHBDZ
UIBUCFOFmUTGVUVSFHFOFSBUJPOTPGTUVEFOUTBOE
GBDVMUZBU6$4$
page 18
UC SANTA CRUZ GUIDE TO PL ANNED GIVING
APPENDIX
Suggested Bequest Language
UCSC sample bequest language is available here for
current use and endowed funds. For specific department/division bequest language, please contact the
6$4$0ïDFPG(JGU1MBOOJOHGPSBTTJTUBODF
Example of Gifts to Foundation
(Cash, Marketable Securities)
UC Santa Cruz Foundation
1156 High Street
4BOUB$SV[$"
5*/
Example of Gifts to Regents
(Real Property, Gifts-in-Kind,
Non-Marketable securities)
UC Regents, Santa Cruz Campus
1156 High Street
4BOUB$SV[$"
5*/
i*IFSFCZCFRVFBUIUPUIF6$4BOUB$SV['PVOEBUJPO
incorporated as a tax-exempt organization to benefit the
6OJWFSTJUZPG$BMJGPSOJB4BOUB$SV[6/*7&34*5:
located at 1156 High Street, Santa Cruz, California,
@@@EPMMBSBNPVOU
PGNZSFTJEVBSZFTUBUFUP
CFEJSFDUFECZUIF@@@@@@@@@%FQBSUNFOU$PMMFHFGPS
VTFJOUIF@@@@@@@@@QSPHSBNTDIPMBSTIJQTGFMMPXTIJQTw
i*IFSFCZCFRVFBUIUPUIF3FHFOUTPGUIF6OJWFSTJUZPG
California, Santa Cruz campus, located at 1156 High
4USFFU 4BOUB $SV[ $BMJGPSOJB @@@ EPMMBS
amount) of my residuary estate, to be directed by the
@@@@@@@@@%FQBSUNFOU$PMMFHF GPS VTF JO UIF
@@@@@@@@@QSPHSBNTDIPMBSTIJQTGFMMPXTIJQTw
*ONBLJOHUIJTHJGUJUJTNZJOUFOUJPOUPTFSWFUIF4BOUB
Cruz campus of the University of California and its students and I desire that the foregoing statement of purpose be liberally construed so that the above objectives
may be fully accomplished.
*ONBLJOHUIJTHJGUJUJTNZJOUFOUJPOUPTFSWFUIF4BOUB
Cruz campus of the University of California and its students
and I desire that the foregoing statement of purpose be
liberally construed so that the above objectives may
be fully accomplished.
(* 7 */(6$ 4$ &%6 1- " //&% (*' 5 4
ɨBOLZPV
04/11(1011-327/3M)