Planned Gifts

Transform lives and the Sacramento region through education for generations to come, while furthering your philanthropic, financial, and estate planning goals.

Make a Planned Gift

Did you know you can support Los Rios even after your lifetime? Estate or planned gifts are an excellent way to support students while meeting your current income needs and providing for your heirs. Examples of estate and planned gifts include:

  • Bequests
  • Wills and living trusts
  • Life insurance or retirement beneficiary designations
  • IRA rollover
  • Charitable gift annuities
  • Charitable remainder trusts
  • Charitable lead trusts

When you make a planned gift, you can become an honored member of our Legacy Society.


Types of Planned Gifts

Bequests

Your will or trust can designate that a specific amount be transferred as a gift to the Los Rios Colleges Foundation. Such a gift can take the form of cash, stocks, bonds, real estate, or any type of asset. You can also give a percentage of your estate. The bequest lets you pass on your gift free of tax.

Sample Bequest Language

For a will (unrestricted)

I/We give [the sum of $______________] or [the following property:______________]; or [________ percent of my/our estate] or [the residue of my/our estate] to the Los Rios Colleges Foundation, a California nonprofit public benefit corporation located in Sacramento, California, to benefit ______________ [College(s)], for its general purposes as determined by its Board of Directors.


For a will (restricted)

I/We give [the sum of $______________] or [the following property: _____________________]; or [_________percent of my/our estate] or [the residue of my/our estate] to the Los Rios Colleges Foundation (“Foundation”), a California non-profit public benefit corporation located in Sacramento, California for the benefit of ______________ [College(s)]. This bequest may be combined with the Foundation’s other funds for purposes of investment and reinvestment and shall be used by the Foundation in support of ____________________________ [a specific area of interest after consultation with a representative of the Foundation]. If, at any time, in the judgment of the Board of Directors of the Foundation, it is impracticable or impossible to carry out this purpose, then the Board of Directors of the Foundation may use this bequest for such other purposes as shall be determined by the Board of Directors to be consistent with my/our interests and intentions.


For a trust (unrestricted)

The Trustee shall distribute [the sum of $______________] or [the following property: _____________________] or [________ percent of my/our trust estate] or [the residue of my/our trust estate] to the Los Rios Colleges Foundation, a California nonprofit public benefit corporation located in Sacramento, California, for the benefit of______________ [College(s)], for its general purposes as determined by its Board of Directors.


For a trust (restricted)

The Trustee shall distribute [the sum of $______________] or [the following property: _____________________] or [________ percent of my/our trust estate] or [the residue of my/our trust estate] to the Los Rios Colleges Foundation (“Foundation”), a California non-profit public benefit corporation located in Sacramento, California for the benefit of______________ [College(s)]. This gift may be combined with the Foundation’s other funds for purposes of investment and reinvestment and shall be used by the Foundation in support of _____________________ [a specific area of interest after consultation with a representative of the Foundation]. If, at any time, in the judgment of the Board of Directors of the Foundation, it is impracticable or impossible to carry out this purpose, then the Board of Directors of the Foundation may use this gift for such other purposes as shall be determined by the Board of Directors to be consistent with my interests and intentions.

Living Trust

A living trust is often a good supplement to a will for those who wish to avoid the time and expense of probate. There are many kinds of trusts for different purposes, but they all have one thing in common: they are a means of assuring that your property will be handled – and ultimately passed on – in the way you wish.

Life Insurance or Retirement Beneficiaries

A gift of life insurance can be a way to make a significant donation. If you have existing policies for which you no longer need the coverage, then consider assigning ownership to the Los Rios Colleges Foundation. By naming the Los Rios Colleges Foundation as both owner and beneficiary, you get a tax deduction and get to make a generous gift at low cost. You may take an immediate tax deduction for the cost basis or surrender value, whichever is less.

If you were already planning on leaving part of your estate to one of our colleges, then consider using your retirement account (such as your 401k or IRA) to make this gift. There is a charitable deduction of the federal estate tax so 100% of any sum going to the Los Rios Colleges Foundation passes free of federal estate tax. Because the Los Rios Colleges Foundation is tax exempt, no income tax is payable. Naming the Los Rios Colleges Foundation as the beneficiary of your retirement accounts allows you to leave other assets that are not as heavily taxed to your heirs.

IRA Rollover

People who are 70.5 years old or older can take advantage of a simple way to benefit students and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money.

Charitable Gift Annuity

A charitable gift annuity (CGA) is a time-tested method that many donors use to both give and receive. In addition to making a “planned gift,” a CGA will create an immediate income tax deduction and generate fixed income for life. After your lifetime, the remainder in the account will be transferred to Los Rios Colleges Foundation on your behalf.

A CGA can become an attractive part of your investment portfolio and may add a significantly charitable legacy. The fixed income payment amounts are based on your age (and/or your spouse’s age) and you can choose whether you receive payments immediately or defer them to a later date.

Visit the American Council on Gift Annuities website to learn more about how charitable gift annuities work.

Charitable Remainder Trust

Charitable remainder trusts (CRT) are a wonderful way to increase income, save taxes, and benefit Los Rios Colleges Foundation. A CRT lets you convert a highly appreciated asset like stock or real estate into lifetime income. It reduces your income taxes now and estate taxes later; you pay no capital gains tax when the asset is sold. The trust will then pay you income for life (or for the joint lives of you and your spouse). After your death, or the death of your surviving spouse, the assets within the trust are distributed to the Los Rios Colleges Foundation.

Visit EstatePlanning.com to learn more about charitable remainder trusts.

Charitable Lead Trust

Like a CRT, a charitable lead trust (CLT) is a way to help students while reducing taxes and benefiting your heirs. Unlike a CRT, when a donor establishes a CLT, Los Rios College Foundation receives the income payments for a fixed term of years. After this term expires, the principal is returned to the donor or others whom the donor designated.

Visit the Planned Giving Design Center: Charitable Lead Trust to learn more about charitable lead trusts.