|
There are many ways to support Caltech,
some of which may even allow donors to provide more than they
realize. Some key tax considerations that may help donors increase
the amount of their gifts are described below. Cash Gifts: The simplest method of giving is
to send a personal check. Please make checks payable to Caltech.
Please mail your check to: Caltech
MC 5-32
Pasadena, CA 91125.
Multiply Your Gift's Impact to Caltech!
Many employers sponsor Matching Gift programs for charitable contributions made
to higher education by employees. Some match gifts made by retirees and spouses.
Check our list of matching gift companies here http://giving.caltech.edu/ASG/matchinggifts
to see if your firm is listed. If so, contact your employer for instructions.
You'll instantly multiply your support of Caltech. Please mail your completed matching gift form to Caltech, MC 5-32, Pasadena, CA 91125 or email to citalumnifund@dar.caltech.edu.
Credit Card: To make a credit card gift online to Caltech,
please click here. Appreciated Securities: Donors
making gifts
of appreciated securities (stocks,
bonds, or mutual funds that have grown in value) earn an income
tax deduction equal to the fair market value of their securities
and avoid capital gain taxes on the transfer.
To receive credit for the current calendar/tax year,
the electronic
transfer from an account or the postmark on the
transmittal of the
stock certificates must be no later than December 31.
Please click
here for further instructions.
Real and Personal Property: A residence or
other real property may be given as an outright gift, or donors may
prefer to give their home and retain the right to occupy the property
for life. Personal property such as paintings, library books, or
musical instruments can also make useful gifts.
Bequests: A will provision allows donors to
make a substantial contribution without diminishing the assets
available to them during their lifetime. Since bequests are
deductible from their taxable estate, significant estate tax savings
are possible.
Pooled Income Fund: Gifts to a pooled income
fund are invested together with gifts of other donors to the fund,
and the income earned by the fund each year is shared among the
participants. Donors incur no capital gain on the transfer of
appreciated long-term securities to the fund. Donors also receive a
charitable deduction for a portion of their gift as calculated with
Internal Revenue Service tables.
Charitable Gift Annuity: In exchange for a
gift of money or securities, Caltech will pay the donor or a loved
one a fixed amount annually for the rest of his or her life. A large
portion of the income is tax free, and donors also receive a
charitable deduction for part of their gift.
Charitable Remainder Trusts: Donors can use an
irrevocable trust to provide themselves or a loved one with a fixed
annual income or an income that varies with the amount of the trust.
Part of the trust qualifies for an income tax deduction. At the death
of the last income beneficiary, the corpus of the trust is
distributed to the charity.
Charitable Lead Trust: Donors can support
Caltech for a term of years or for the life of an individual by
creating a charitable lead trust. Income will be paid to the
Institute each year during the life of the trust. When the trust
terminates, the assets in the trust revert to the donor or to
individuals the donor wishes to benefit.
Life Insurance: When donors give a life
insurance policy to charity, the present cash surrender value of the
policy is deductible as a charitable contribution. If donors continue
to pay premiums after their gift, they are also deductible.
|
