Planned Giving: Leave A Legacy
Mt. San Antonio College’s
Leave a Legacy Society gives individuals a wonderful
opportunity to leave a lasting personal legacy of commitment
to the goals of the College, the Foundation, and—most
importantly—to
the students. Donors do this by naming the Mt. SAC Foundation
as a beneficiary of their estate or trust.
Types of
Bequests: Bequests may be general or directed to specific
interests/needs of the donor. Unrestricted gifts offer
the most flexibility and allow the College to determine
where the funds will be directed based on critical needs
at the time the bequest is received or matures.
Restricted
gifts may be donor-designated for scholarships, special
programs, facilities and equipment, student services,
faculty enrichment and development, and other special
areas of interest.
Membership: You become a member immediately
by informing the Foundation that you have included it
in your estate planning for a minimum of $5,000. There
are several ways to do this:
- Wills: One may designate
a specific amount in cash securities to benefit
the College upon his/her death. Such bequests are
the most popular form of deferred giving when an
individual wishes to include a charitable organization
in long-term estate planning.
- Trusts: One may
create a variety of trusts to suit his/her needs
and intentions to benefit the College. One example
is a trust that is designated to provide life income
for you and your family, with the residual principal
at a future date, going to the College.
- Life
Insurance: A gift of life insurance often
permits one to give much more than he/she would
ordinarily be able to contribute. A donor may name
the College as a beneficiary of the insurance policy.
- Real
Estate, Personal Property, Securities: There
are many opportunities to give various gifts of
real estate, personal property, or other securities
that would provide tax savings and other benefits.
- Individual
Retirement Accounts: By naming the Foundation as
primary or secondary beneficiary on an IRA, the
donor receives a charitable donation write-off
and avoids paying taxes on withdrawals made from
the IRA by the 501(c)3 nonprofit organization.
If you would like more information and speak to us about our planned giving options, please contact the Foundation Office at (909) 594-5611, ext. 4215.
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