Gifts that Increase Income and
Reduce Taxes

Options That Fit Your Goals

There are a variety of gifts that benefit you financially and at the same time create a legacy benefitting University of the Pacific.

This chart will help you identify gifts that will help you meet your personal goals.

Read on to learn more about each gift.

Gifts that Increase Income

Charitable Gift Annuities

Charitable Gift Annuities (CGAs) are a great way to make a lasting difference for our future generations of students and neighbors while receiving tax-favorable income for you, your spouse and your children. Many supporters like charitable gift annuities because they provide a steady stream of income and a significant impact.

Benefits to you include:

Payments can be made as you prefer on an annual, quarterly or monthly basis
A portion of the payout will be tax-free.
You receive an immediate tax receipt for a portion of your gift.

Your gift passes to University of the Pacific outside of the estate process.

You create your legacy of a forward-thinking educational experience.

Charitable Remainder Trusts

Charitable Remainder Trusts provide income for life (or a term of years) for you and your family while reducing your taxes and supporting University of the Pacific.

By using assets and cash to fund the trust, you can receive income and an income tax credit the year in which you transfer your assets. Then, you or your loved ones will receive payments for life or a term of years. The remaining portion of the trust, after all payments have been made, comes to University of the Pacific.

Benefits to you include:

You receive income for life for you or your heirs.
You receive a charitable income tax credit for the charitable portion of the trust.

You create your legacy of supporting passionate, diverse students and communities

Gifts that Reduce Taxes

 

There are a variety of gifts that benefit you financially and at the same time create a legacy benefitting University of the Pacific. You can enjoy tax benefits from these gifts now, or you can establish a future gift that will pass tax benefits along to your loved ones.

Gifts of cash

A donation of cash is the simplest, quickest way to make an immediate impact for University of the Pacific. If you want to further our work today and claim the entire amount of your gift as a charitable income tax deduction, consider a gift of cash. Make your gift online, via a check or money order, or with a wire transfer.

Real Estate

Donate the property outright

This option frees you from the costs and responsibilities of ownership. Generally you will enjoy an income tax deduction equal to the property’s appraised value and eliminate capital gains tax. By giving the gift during your lifetime, it also reduces your future taxable estate.

Donate property to Pacific in your will or trust

Leaving a gift of real in your will or living trust is a great way to leave a larger gift than you may be able to make during your lifetime.  When you include a gift of real estate in your plans, your estate may be eligible for a charitable tax deduction.

See more ways to give real estate.

Retirement Assets

An estate gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent, tax-wise way to make a gift. A gift of these assets can shield you or your heirs from taxes while funding University of the Pacific.

Life Insurance

Transfer ownership now:

To make an impact on our mission today, irrevocably designate University of the Pacific as owner and beneficiary of an existing life insurance policy. If your policy is paid up, you will receive an immediate income tax deduction based on the policy’s cash value.

If your policy is not yet paid up, you will make contributions of cash to University of the Pacific to cover future premium payments. For any continuing premium payments you make, you will receive a charitable deduction in the year of the payment.

Name us as a beneficiary:

You can name University of the Pacific as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, University of the Pacific will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time, and it may reduce your estate taxes.

This gift is easy to arrange — simply request a beneficiary designation form from your plan administrator.

Stocks & Securities

When you give appreciated stock or securities (stock, bonds, mutual funds), you may be eligible for a double tax benefit:

  • You receive an income tax deduction for the full, present, fair market value of the assets.
  • You may completely avoid capital gains tax on the appreciation, or increase in value, of the assets. This is one of the smartest gifts to give and one of the most useful in accomplishing your philanthropic goals
Personal Property

A gift of artwork, coins, antiques, or other personal property can be an excellent way to support University of the Pacific. The tax benefits of the gift depend on whether University of the Pacific can use the property in a way that is related to its mission. Contact us to learn more about this type of gift — we would be happy to help you find the option that best fits your philanthropic goals.

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