Questions and Answers

What is Cal Poly’s tax ID number?
The California Polytechnic State University Foundation qualifies as a public charitable organization and meets the requirements of Internal Revenue Code Section 501(c)(3). Gifts to Cal Poly are deductible according to the limits set for federal income or estate taxes. The Cal Poly Foundation's federal tax identification number is 20-4927897. See more tax information.

If Cal Poly is named in my will, do I need to notify anyone?
You are not required to tell Cal Poly about your intent to leave a bequest.  However, it is helpful for the university’s planning purposes to be aware of future gifts.  The Office of Planned and Major Gifts can be your resource to ensure a bequest gift is worded to be most useful in the future.  See our sample bequest language.  You may also be interested to know about our Legacy Club, which honors the bequest commitments made by generous members of the Cal Poly family just like you.

After I have included Cal Poly in my will, can I change it?
Absolutely.  A bequest intention is considered a “revocable gift,” meaning it can be modified as often as you wish to suit your circumstances and charitable priorities.

After I establish a charitable remainder trust, can I change it?
A trust is a separate, legal entity that is “irrevocable,” meaning that in exchange for the income and tax benefits, you relinquish control over the funds.  As such, the terms of the trust cannot be changed after it is established.  However, additional gifts can be used to easily create a new trust under different terms.

Do I decide how my gift will be used?
As with every gift made to Cal Poly, it is you, the donor, who decides how it will be put to use.  You are able to designate your gift to support any College, department or program of the university; student scholarships; faculty support; or anything else you are passionate about at Cal Poly.  We can assist you in ensuring that your specific interests are carried out.  You are also able to allow your gift to support Cal Poly’s greatest needs as determined by the President.

Can Cal Poly give me tax advice?
Cal Poly’s Office of Planned and Major Gifts is always willing to provide you information about the various gift vehicles that may be appropriate for you.  However, that should never be construed as specific legal or tax advice.  We recommend that you have your own advisors, who know your circumstances, help you throughout the process. Cal Poly staff can work directly with your advisors, if you prefer.

Submit a question