is a Good Time to Plan Your Charitable Gift
House relies on the support of alumni and friends to effectively
pursue its mission. To learn more about giving options, including
special naming opportunities and tax benefits available to donors,
please contact Shanti Corrigan, Director of Development and Alumni
Relations, at (510) 642-0124 or e-mail Shanti.
the Legacy of
in times of global unrest, International House is a haven where
students from all nations live under one roof in peace. Divided
by differences in nationality, culture, politics, race and religion,
here residents are united by friendship. In recognition of this
proud history, many alumni and friends are choosing to honor this
legacy by making a charitable gift.
the University of California, Berkeley Foundation, donors are able
to support I House with a gift that pays income for your life through
a charitable gift annuity. Many people are interested in finding
an investment that will give them a fixed, and healthy, return on
that investment. Charitable gift annuities do just that. The Foundation
is licensed through the California Department of Insurance to issue
these gift annuities. Establishing a gift annuity results in the
· A current income tax deduction;
· Avoidance of capital gains tax for gifts of appreciated
· A fixed income for life; and
· The knowledge that your gift ultimately will support International
You can provide an income for yourself and one other person for
your lives. The annuity rate depends on the age of the annuitants
at their next birthday. The chart below gives you an idea of the
annuity rate for one individual along with the tax deduction and
annual annuity assuming a single gift of $50,000.
|Age of Annuitant
for gift of $50,000
for gift of $50,000
annuity payments do not change during the lives of the annuitants,
and they are guaranteed by all of the assets of the Foundation.
The minimum contribution for a gift annuity is $20,000. Donors may
transfer cash or appreciated securities to fund gift annuities.
A benefit of funding a gift annuity with cash is that a substantial
portion of the annual payment is tax-free income.
younger donors do not need the income stream from a gift annuity
right away, but would like to lock in the value of appreciated assets.
In fact, donors can receive a larger annuity if they agree to postpone
payments for several years by establishing a deferred charitable
gift annuity. This plan has all of the benefits of the gift annuity,
the only difference is the deferral of the start date for payments.
have some good news to share with you about International House
supporters, Richard and Lillian Lessler, who recently described
their reasons for making a planned gift in Cal Futures, the planned
giving newsletter for alumni and friends.
Lesslers have supported International House by establishing several
deferred charitable gift annuities. One of Dick's formative experiences
at Cal came from his residence at International House. Today, he
looks back with fondness on the education that he received through
the friendships and cross-cultural interactions that marked his
time at I-House.
is because Dick and Lillian are committed to furthering this mission
that, over the years, they have supported Cal by funding several
deferred gift annuities. In each case, they have contributed appreciated
stock to the University.
gifts, they know, make good financial sense for Cal and for them.
Based on their current ages, the Lesslers would have received less
than six percent form a charitable gift annuity that immediately
commenced making payments. However, by deferring the first annuity
payment by four to six years, they will receive annual payments
of between seven and nine percent on their various deferred payment
annuities - and provide much needed support for International House
at the same time.
and Lillian are pleased to support Cal. This "win-win"
arrangement gives them a better return on their money now and lets
them support the university they believe in so strongly.