Planned Giving

Whether you are writing your will for the first time or revising your existing plans, including Golden Gate University is a simple way to make a lasting impact. In your will, you can name Golden Gate University the beneficiary of a set dollar amount, a percentage of your estate, or a percentage of your residual estate after you have taken care of your loved ones.

Year-end may be an excellent time to consider a gift of stock. Giving long-term appreciated stock offers you a two-fold tax saving. First, you avoid paying any capital gains tax on the increase in the value of your stock. In addition, you receive a tax deduction for the full fair market value of the stock. For income tax purposes the value of such gifts may be deducted up to 30% of adjusted gross income, with an additional five-year carry forward.

If you have owned your home, vacation home, acreage, or farm for many years, a charitable gift of that real estate can be especially tax advantageous. The property may have so appreciated in value over the years that its sale would result in a sizeable capital gains tax. If given to Golden Gate University instead, you avoid the tax and, at the same time, realize a charitable deduction for the full fair market value of the real estate. For income tax purposes the value of such gifts may be deducted up to 30% of adjusted gross income, with an additional five-year carry forward.

If you own a life insurance policy that is no longer needed, consider it as the perfect vehicle for a year-end charitable gift. To receive a charitable deduction, name us Golden Gate University both the owner and beneficiary of the policy. If the policy has a cash value, you can take a charitable deduction approximately equal to the cash value or the adjusted basis.

If you are considering a major gift, your gift of cash or stock in the form of a “life income gift” can significantly increase your income. A life income gift can allow you to increase your income for life; receive a generous charitable contribution deduction in the tax year; and if you contribute stock, avoid any capital gains tax on the appreciation.

This provision allows those 70½ and older to donate as much as $100,000 of IRA account assets each year directly to one or more public charities. The donations will count as part of the IRA owner’s required annual payout.