Double Your Impact
Double Your Impact—Now and Into the Future
University of the Pacific has been honored to receive an extraordinary gift of $125 million from the estate of the late Regents Robert C. and Jeannette Powell.
The Powell Fund supports the Powell Scholars as well as the Powell Match program, which will match new endowment gifts up to 1:1 with more than $60 million allocated for endowed scholarship matches and $25 million for endowed academic program matches.
Ways to Make an Impact
You can give appreciated assets and accounts to University of the Pacific that will help students lead lives of purpose and service. Read more about three common ways to give.
Recommend a grant now from your donor-advised fund
To make an immediate impact, you can recommend a grant to University of the Pacific from your donor-advised fund. Doing so allows you to bundle your charitable gifts and itemize your deductions in the same year.
If you want to make a gift from your fund right now, click the button below. Simply start typing in your fund provider name and the system will prompt you through the process.
You can also use your fund to create a lasting legacy at Pacific. By naming University of the Pacific as a beneficiary of your donor-advised fund, you can ensure that future generations of students receive the experiential learning and community service opportunities that set Pacific apart.
Gifts of Appreciated Securities
You can use stocks, bonds, and mutual funds that have appreciated in value to support our shared vision. You may receive a charitable income tax deduction for the full market value of the stock (up to a maximum of 30% of your adjusted gross income) and avoid paying the capital gains tax on any increase in the value of the stock.
To transfer a gift of stock, please follow these instructions.
You can also provide for future generations of Pacific students by naming University of the Pacific as a beneficiary of your brokerage account. This is a simple, easy way to make an enormous impact on our students, faculty, and surrounding communities for years to come.
Qualified Charitable Distribution
You can make a tax-free transfer funds from your IRA directly to University of the Pacific through a qualified charitable distribution (QCD). This is an effective way to have an immediate impact and ensure our work of educating tomorrow’s purpose-driven leaders continues. Here is how it works:
- You must be 70 ½ or older.
- An individual may transfer up to a total of $100,000 per year and if married, each spouse may give up to $100,000.
- Your gift must be transferred directly from the IRA account to University of the Pacific.
- Your gift is a transfer of funds from your IRA to University of the Pacific so it does not normally create taxable income for you and is not considered a charitable tax deduction.
- If you are 72 or older, the transfer of funds counts towards your annual Required Minimum Distribution from your IRA.
If you are interested in this popular way to support University of the Pacific, download a sample letter for your IRA administrator here.
Tax Law Update
The SECURE Act (Setting Every Community Up For Retirement Enhancement), signed in December 2019, has tax, retirement, and estate planning implications for many people. If you are considering a gift to University of the Pacific through your IRA, here are a few things to keep in mind:
- The SECURE Act raises the Required Minimum Distribution (RMD) age. If you turn 70 ½ on or after January 1, 2020, you can now wait until you are age 72 before you must take an RMD from your IRA.
- You can still make a gift to Pacific through a QCD starting at age 70 ½. However, if you make IRA contributions after age 70 ½, the amount you have available for QCDs is reduced. Please consult your tax or financial advisor to learn how this may impact you.
- The SECURE Act repeals the maximum age for making IRA contributions. You can now contribute to your IRA even if you are over age 70 ½ (subject to annual limitations).
- The SECURE Act decreases the time over which inherited IRAs may be distributed. Unless the IRA beneficiary is the surviving spouse, disabled or chronically ill, less than 10 years younger than the owner, or the owner’s minor child, inherited IRAs must now be distributed completely within 10 years of the IRA owner’s death. Under these rules, naming Pacific as a beneficiary of your IRA while leaving other assets to benefit family members may be the most tax-wise charitable planning decision for you.