Longtime Supporters of UCSF Make Bequest to the New Medical ...

If you wish to make a gift while preserving your
assets during your lifetime, you might consider
one of the following planned giving options.
Charitable Gift Annuity
A charitable gift annuity is a way to
make a gift now and receive back
income. The income from a charitable
gift annuity is based on the age of
the income beneficiary and does not
fluctuate. This is appealing especially
SAMPLE RATES
(Single life only)
AGE
FIXED
INTEREST
65 5.5%
70 5.8%
75 6.4%
80 7.2%
85 8.1%
to older donors
wanting the
security of a
steady stream
of income.
Younger donors
sometimes
opt to establish
a “deferred”
gift annuity
with income
to start at a later
date such as
retirement. The minimum gift required
to establish a charitable gift annuity at
UCSF is $25,000.
Charitable Remainder Trust
By using a charitable remainder trust
to make a gift to UCSF, you can
receive back income for life or a term
of years not to exceed 20. With this
type of planned gift, you irrevocably
transfer cash or other property
(usually appreciated securities) to
the UCSF Foundation in trust, with
instructions to pay you or a loved
one an agreed percentage annually.
In addition to receiving a stream of
income, you also would receive a
charitable income tax deduction based
on the value of UCSF’s remainder
interest in the trust, as actuarially
determined. All income payments are
made from trust assets, the investment
of which is overseen by the UCSF
Foundation. On termination of the
trust, any remaining trust assets pass
to UCSF to be used as specified by
you. The minimum amount needed to
establish a charitable remainder trust
with the UCSF Foundation as trustee
is $100,000.
Bequest
A bequest to UCSF can be included
in a will or living trust and can be for
any dollar amount. The usual wording
of an unrestricted bequest to UCSF
is the following:
“I give to the University of California,
San Francisco Foundation the
sum of $_______ to be used as
directed by the Chancellor.”
Such gifts can be directed to the
Medical Center, a particular School
(Dentistry, Medicine, Nursing or
Pharmacy) or the Graduate Division.
Bequests can also be designated for
a specific purpose such as student
scholarships, faculty support, medical
research or patient care. Bequests can
be used on a current basis or to fund
permanent endowments, which can
be named for a loved one. If you would
like your bequest used for a particular
purpose, please contact the UCSF
Office of Gift & Endowment Planning
for recommended wording to ensure
that your wishes are carried out.
Retained Life Estate
For more details about any of these gifts, please contact
the Office of Gift & Endowment Planning.
Tel: 415/476-1475 Email: giftplanning@support.ucsf.edu
You can deed your primary residence
or vacation home to UCSF and retain
the right to live in or use it for the rest
of your life. This is known as a retained
life estate. Such a gift frequently
entitles a donor to a sizeable
charitable income tax deduction. On
termination of the life estate, UCSF
typically sells the property and uses
the proceeds as directed by the donor.
Charitable IRA Rollover –
Tax Free up to $100,000
Late in 2010 Congress reauthorized
a tax provision which, until the end
of 2011, allows donors age 70 1 ⁄2
and older to transfer up to $100,000
from an IRA account to fund a
gift without having to include the
transferred amount in their taxable
income. Because such transfers are
not included in the donor’s taxable
income, the donor is not entitled to a
charitable income tax deduction. To
be eligible, transfers must be made
no later than December 31, 2011 and
must be made directly to UCSF from
the IRA custodian.
www.ucsf.edu/support/trustsandbequests/
You should consult your attorney about the applicability to your own
situation of the legal principles contained herein.
Box 0248
NO POSTAGE
NECESSARY
IF MAILED
IN THE
UNITED STATES
BUSINESS REPLY MAIL
FIRST CLASS MAIL PERMIT NO. 25120 SAN FRANCISCO, CA
POSTAGE WILL BE PAID BY ADDRESSEE
0906
Daniel E. Riley, JD
UCSF Foundation
Office of Gift & Endowment Planning
University of California, San Francisco
P. O. Box 410330
San Francisco, CA 94141-9917