Planned Giving Planned Giving

What is Planned Giving?
Planned Giving refers to gifting options with a deferred component. Planned gifts are a way to maximize your charitable giving while providing financial and tax benefits to you and your family. A wide variety of options is available and the planned gift that is best for you depends on your individual situation. People of all ages, incomes, and financial situations can make a planned gift.

Clark College Foundation would be pleased to provide you with more information. Contact Daniel Lee, the Foundation's Director of Major and Planned Gifts, at dlee@clark.edu or 360.992.2542. Daniel, a Chartered Financial Consultant and Chartered Advisor in Philanthropy, would be happy to meet with you confidentially, and with no obligation.


    A brief overview of the most common planned giving vehicles is given below.

    Gift of Income from Asset
    Testamentary Gift
    Gift with Income for You
    Partial Gift
    Deferred Gift


    Gift of Income from Assets

    Charitable Lead Trust
    You would ultimately like to pass on your estate to your heirs, but in the meantime you could benefit from a charitable gift deduction.

    Key Benefits:

    • Charitable tax deduction can be advanced into the current tax year
    • Estate tax savings
    • Possible increase in amount passed onto heirs
    • Donor designation of trustee

    Testamentary Gift

    Bequest
    You would like to support Clark College, through a planned gift, in the most straight-forward way possible.
    Key Benefits:
    • Assets distributed according to your wishes
    • Estate tax savings
    • Leave a legacy, reflective of your values and beliefs, without giving up your assets now
    To leave a Bequest to Clark College in your will, you need the following information:
    • Full legal name of beneficiary: Clark Community College District 14 Foundation
    • Mailing address: 1933 Fort Vancouver Way, Vancouver, WA 98663-3598
    • Tax identification number: 23-7315006
    • Your advisor may use the following language:
      “I bequeath the sum of $________ (or describe the real or personal property or percentage of your estate) to Clark College Foundation, federal tax identification number 23-7315006, to be used for its general purposes.”
    Retirement Plan Beneficiary Designation You would like to show your continued support after your death by making Clark College a beneficiary of your retirement account.
    Key Benefits:
    • Clark College as a full or partial beneficiary
    • Charitable tax deduction for your estate
    • Possible savings on estate taxes
    • Tax savings on retirement plan assets
    • Possible increase in amount passed on to heirs
    Life Insurance Beneficiary Due to a change in circumstances, you have a life insurance policy you no longer need, or you would like to purchase a new policy specifically for philanthropic purposes.
    Key Benefits:
    • Charitable tax deduction
    • Possible savings on estate taxes
    Revocable Living Trust You want to support Clark College in a way that is flexible and can be changed if you desire. At the same time, you want to provide for your family, both before and after your death.
    Key Benefits:
    • Reduction of probate costs
    • Speedy distribution of trust assets
    • Flexibility of planning: you can amend, add to, or revoke the agreement at anytime
    • Donor designation of the beneficiary and the trustee
    • Estate tax savings

    Retirement Plan Beneficiary Designation You would like to show your continued support after your death by making Clark College a beneficiary of your retirement account.


    Gift with Income for You

    Charitable Gift Annuity
    You would like to support a cause you care about while retaining the life income provided by your assets.
    Key Benefits:

    • Guaranteed life income backed by Clark College Foundation assets
    • Possible higher income yield than other investments
    • Avoidance of money management and investment worries
    • Tax savings that may offset capital gains taxes and income tax
    Deferred Charitable Gift Annuity
    You are looking for a way to offset your high taxable income, and to secure an additional source of retirement income.
    Key Benefits:
    • Guaranteed life income backed by Clark College Foundation assets
    • Part of each annuity payment is tax-free as the return of principal
    • Charitable tax deduction
    Charitable Remainder Unitrust
    You own highly appreciated real estate or securities. You would like to receive income, but taxes on a sale will significantly diminish the total value.
    Key Benefits:
    • Life income
    • Charitable tax deduction of a percentage of contributed asset
    • No capital gains taxes on sales
    • Estate tax savings
    • Built-in hedge against inflation by payment of percentage of total fund, including growth
    • May deposit additional contributions

    Partial Gift

    Charitable Bargain Sale
    You want to make a charitable gift but you also need some cash.
    Key Benefits:
    • Cash to you
    • Avoidance of capital gains tax on portion of transaction that is determined a gift
    A Charitable Bargain Sale works like this:
    • We mutually agree on a purchase price that is less than the property's fair market value, which has been determined by your independent appraiser.
    • We may pay the purchase amount upfront, or issue you an installment note for a mutually agreed upon term of years and interest rate.

    Deferred Gift

    Retained Life Estate     You and your spouse would like to donate your home to your favorite charity knowing that you will have unrestricted enjoyment of it for your lifetime.
    Key Benefits:
    • Retain property use for your lifetime
    • Current tax deduction
    • Estate tax savings
    • Probate cost savings

    Deferred Charitable Gift Annuity You are looking for a way to offset your high taxable income, and to secure an additional source of retirement income.
    Key Benefits:
    • Guaranteed life income payments, after the deferral period, backed by Clark College Foundation assets
    • Part of each annuity payment is tax-free as the return of principal
    • Charitable tax deduction