Charitable Gift Annuities
When you are looking for ways to help Cal Poly with our programs, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support Cal Poly's students and programs while receiving fixed payments for life is a charitable gift annuity.
Not only does this gift provide you with regular payments and allow us to further our educational mission, but when you create a charitable gift annuity with Cal Poly you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Other Useful Information
Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.View My Free Brochure
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
- Contact Cal Poly's Office of Gift Planning at 805-756-7125 or firstname.lastname@example.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Cal Poly.
- Seek the advice of your financial or legal advisor.
- If you include Cal Poly in your plans, please use our legal name and Federal Tax ID.
Legal Name: California Polytechnic State University Foundation
Address: Heron Hall, Building 117, San Luis Obispo, CA 93407-0444
Federal Tax ID Number: #20-4927897
Check Out This Potential Scenario
Say that Justin, 66, and Mary, 65, want to make a contribution to Cal Poly that will support our students and programs for generations to come, but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity with Cal Poly. Based on their ages, they will receive a payment rate of 4.5 percent, which means that they will receive $900 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,129* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our programs.
*Based on annual payments and a 3.2 percent charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Not Sure How to Begin Planning?Download our FREE Personal Estate Planning Kit
Calculate Your Benefits
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