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Ways of Giving - Income Producing Plans

Income producing gift plans can allow you to make a gift to the Pasadena City College Foundation and provide income for yourself or your beneficiaries at the same time. These plans allow you to take advantage of government tax laws that are designed to encourage philanthropy. They offer current income tax deductions and may provide an opportunity to avoid or reduce capital gains tax on assets that have substantially appreciated. Plans can also be used to minimize estate taxes.

  • Charitable Gift Annuities: Charitable gift annuities provide a way to make meaningful gifts while enjoying guaranteed income and tax benefits, thus also enhancing your financial well being. Under the terms of a gift annuity, you make a charitable gift of cash or other property and then receive fixed payments for your life and/or others. You are entitled to an income tax deduction in the year of your gift and, for a period of time, a portion of each payment may be free of income tax or taxed at capital gain tax rates that are lower than tax rates on other income.

  • Charitable Trusts: When you prefer an income that varies with market conditions. A charitable remainder trust allows you to make a major gift, typically of real estate or securities, while continuing to receive the income from your gift during your lifetime. During the year you establish the trust, you receive a charitable income tax deduction based on the current value of the asset less the value of the income interest, not the cost basis (what you have actually invested).

For information on income producing gift plans, call the Foundation offices (626) 585-7065 or send an email to pccfoundation@pasadena.edu.