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 maximizing 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.
Maximize Your Tax Benefits
Avoid Capital Gains Tax
Donate appreciated stocks, real estate, or cryptocurrency directly to avoid capital gains taxes while receiving a full fair-market-value charitable deduction.
Reduce Estate Taxes
Charitable bequests reduce your taxable estate, potentially saving your heirs significant estate taxes while supporting education.
QCD for Tax-Free Giving
Qualified Charitable Distributions (QCD) from your IRA (age 70½+) satisfy Required Minimum Distributions without increasing taxable income.
Income Tax Deductions
Charitable gift annuities and remainder trusts provide immediate income tax deductions plus lifetime income streams.
Tax ID: 95-2586462 | 501(c)(3) Nonprofit Organization
Consult with your tax advisor to maximize benefits for your specific situation
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.
Frequently Asked Questions
What is planned giving?
Planned giving refers to charitable contributions arranged during your lifetime but typically made as part of your overall estate plan. This includes bequests in your will, beneficiary designations on retirement accounts or life insurance, charitable gift annuities, and charitable remainder trusts. Planned gifts allow you to create a lasting educational legacy while often providing significant tax benefits.
What are the tax benefits of planned giving?
Planned giving offers multiple tax advantages: charitable bequests reduce your taxable estate; donating appreciated assets like stocks avoids capital gains taxes while providing a full fair-market-value deduction; Qualified Charitable Distributions (QCDs) from IRAs satisfy Required Minimum Distributions without increasing taxable income; and charitable gift annuities provide immediate income tax deductions plus lifetime income streams.
How do I include The Foundation for Pierce College in my will?
Including The Foundation in your will is straightforward. Simply provide your attorney with our legal name (The Foundation for Pierce College), our Tax ID (95-2586462), and our address (6201 Winnetka Avenue, Woodland Hills, CA 91371). You can specify a dollar amount, percentage of your estate, or particular assets. Sample bequest language is available on our website.
What is a Qualified Charitable Distribution (QCD)?
A Qualified Charitable Distribution (QCD) allows individuals age 70½ or older to donate up to $105,000 annually directly from their IRA to a qualified charity like The Foundation for Pierce College. The distribution counts toward your Required Minimum Distribution (RMD) but is excluded from taxable income, providing a significant tax benefit compared to taking the distribution and then donating.
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 UsConsult 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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