What is Your Legacy?

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Planned gifts through estate and financial planning can fulfill your charitable goals while providing financial and tax benefits to you and your family. There are many options from which to choose. People of all ages, incomes and financial situations can create their legacy through a planned gift.

Clark College Foundation would be pleased arrange a confidential meeting with no obligation.

Contact
Mr. Ara Serjoie
Senior vice president
360.992.2428
aserjoie@clark.edu

Some of the most common planned giving options are:

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

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