Planned Giving & Legacy Gifts

Create a lasting educational legacy in Los Angeles that empowers future generations of students

Planned giving and legacy gifts allow you to make a significant impact on Los Angeles student success while potentially providing tax benefits for you and your heirs. By including The Foundation for Pierce College in your estate plans through bequests, charitable trusts, or IRA beneficiary designations, you create an enduring legacy of educational opportunity in the San Fernando Valley and throughout Southern California.

Bequests

Include The Foundation in your will or living trust.

Retirement Assets

Name The Foundation as a beneficiary of your IRA or 401(k).

Life Insurance

Designate The Foundation as a policy beneficiary.

Ways to Give

Bequest in Your Will or Trust

One of the most popular and flexible ways to make a planned gift is through your will or living trust. You can specify a dollar amount, percentage of your estate, or particular assets to benefit students.

Benefits:

  • Retains control of assets during lifetime
  • Can be modified as circumstances change
  • Potential estate tax benefits

Beneficiary Designations

Naming The Foundation as a beneficiary of retirement accounts (IRA, 401(k), 403(b)) or life insurance policies can be a tax-efficient way to give, as these assets may be subject to significant taxes if passed to heirs.

Benefits:

  • Simple to arrange
  • Can be changed anytime
  • No immediate out-of-pocket cost
  • Potential tax advantages

Charitable Gift Annuities

Make a gift and receive fixed payments for life. After your lifetime, the remaining funds support student scholarships and programs.

Benefits:

  • Guaranteed income for life
  • Immediate tax deduction
  • Portion of payments may be tax-free

Charitable Remainder Trusts

Transfer assets to a trust that pays you income for life or a term of years, with the remainder benefiting The Foundation.

Benefits:

  • Income stream for you or beneficiaries
  • Immediate tax deduction
  • Avoid capital gains tax on appreciated assets

Sample Bequest Language

We recommend consulting with your attorney when preparing your will. Here is sample language you can share with your legal advisor:

"I give, devise and bequeath to The Foundation for Pierce College, a California nonprofit corporation (Tax ID: 95-2586462), located at 6201 Winnetka Avenue, Woodland Hills, CA 91371:"

[Choose one:]
• The sum of $__________ [specific amount]
• __% of my estate [percentage]
• [Description of specific asset]

"for its general purposes / [or] to be used for [specific purpose]."

Join Our Legacy Society

When you include The Foundation in your estate plans, you join our Legacy Society—a special group of visionary donors who are ensuring educational opportunity for generations to come.

Legacy Society members receive special recognition, invitations to exclusive events, and regular updates on how their future gift will impact student success.

Learn More About Legacy Giving

Next Steps

Get Expert Guidance

Our team is here to answer questions and work with you and your advisors to structure a gift that meets your philanthropic and financial goals.

Contact Us

Consult Your Advisors

We encourage you to discuss planned giving options with your attorney, financial planner, or tax advisor to determine the best approach for your situation.

This information is not intended as legal or tax advice.

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