PHILANTHROPY - Berkeley Law - University of California, Berkeley

CAMPAIGN PRIORITIES: GIVING
Unrestricted Giving
Gifts to the Boalt Hall Fund provide unrestricted support for the school’s core
activities, a well as for emerging priorities and opportunities. That flexibility
is increasingly critical for Boalt to maintain its excellence as the nation’s top
public law school.
Unrestricted gifts enable us to maximize the impact of our instruction,
scholarship, and outreach. They do so by providing an immediate infusion
of funds that Dean Edley can use to capitalize on new initiatives, address
unexpected developments, and respond to urgent issues.
GIL M. LABRUCHERIE ‘96 serves as senior vice president, general counsel, and secretary at Nektar
Therapeutics, a clinical-stage biopharmaceutical company. Having been responsible for global corporate
alliances and high-level merger and acquisition activity in his legal career, he fully understands the importance
of budgeting flexibility—which is why he gives to the Boalt Hall Fund.
“In this environment of significantly curtailed state funding, Boalt must address its needs smartly and
efficiently to remain among the top law schools in the nation,” Labrucherie says. “I believe it’s both a privilege
and an obligation to support Boalt to ensure that future students receive the same quality of opportunity that
we were afforded.”
There are many ways to support the law school’s important work.
No matter the type of gift, all donors will be listed in our Annual Report
of Philanthropy and receive an acknowledgment for tax purposes.
Planned Giving
A planned gift is a philanthropic legacy that is funded either during the
donor’s lifetime or after the donor’s death. The gift is part of a larger
estate-planning process in which the donor decides how certain assets
are distributed. Many financial instruments are available that can help you
achieve long-term financial goals, take care of loved ones, and support
entities such as Boalt.
A planned gift may enable you to satisfy personal financial planning needs
in addition to providing Boalt with important, long-term support. Some plans
provide income for life or a term of years, an immediate income tax charitable
deduction, avoidance of capital gains tax, and professional asset management
if Boalt serves as trustee. A gift made through a will yields significant
estate tax benefits.
Some planned giving options:
• Bequests are provisions in your will or living trust that direct a
portion of your estate. A bequest to Boalt qualifies your estate for a
charitable deduction that can reduce estate tax liability. Bequests can
provide a specific monetary amount, property, or percentage of your
estate. Residual and contingent bequests provide first for your family
and then, circumstances permitting, for Boalt.
Unrestricted giving also helps Boalt sustain its improvements to financial
aid, provides incentives for both incoming and current faculty, enables
students to serve underrepresented populations through summer fellowships
and externships, and bolsters our curricular strength and versatility.
Nearly a quarter of Boalt’s operating budget comes from philanthropy and its
endowment, and 21 percent of those dollars are unrestricted. Those contributions
enable us to allocate funding where it’s most important, when it’s most
timely, and how it’s most valuable.
• Charitable Gift Annuities are contracts between an individual and
a charitable organization such as Boalt. In exchange for a gift of cash
or property, you or a person of your choice will receive an annuity that
pays a fixed sum for life. Annuity payments can begin immediately or
at a later date.
• Charitable IRA Rollovers allow donors age 70.5 and up to directly
transfer up to $100,000 in IRA funds to charity without realizing it as
income and having to take a corresponding income tax deduction. This
provision—which has been extended until December 31, 2011 and is
retroactive to January 1, 2010—also allows donors to make transfers
in January 2011 and elect to count them as 2010 transfers.
• Charitable Remainder Trusts (CRTs) let you transfer money or
property to the UC Berkeley Foundation, which makes payments to
you or your beneficiaries for a lifetime or any time period. When
these payments end, the trust assets pass to Boalt to be used as you
specified. CRTs offer federal income and estate tax deductions for gifts
benefitting charities and educational entities, and donors avoid capital
gains tax if appreciated assets fund the CRT.
• Pooled Income Funds operate like mutual funds. Gifts from a group
of Boalt alumni and friends are managed and invested jointly, with all
income earned paid out quarterly in proportionate shares to the participants.
Four funds with varied investment objectives are available.
• Real Estate gifts entitle donors to an income tax deduction for the
property’s full appraised fair market value. Almost any marketable real
estate can be used for a charitable gift. Unencumbered property is
preferable and generates the largest tax benefit.
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