Continue Supporting Cal Poly Students After Your Lifetime
Passionate about supporting Cal Poly even after your lifetime? It's not only possible, it's easy to do with a beneficiary designation. Just name Cal Poly as a beneficiary to receive assets such as retirement plans and life insurance policies after you're gone. You simply fill out a form that is entirely separate from your will — which makes this approach an easy way to give.
Not only is it an easy way to give, but it's also flexible — you aren't locked into the choices you make today. You can review and adjust beneficiary designations anytime you want.
- Contact Cal Poly's Office of Gift Planning at 805-756-7125 or firstname.lastname@example.org for additional information on beneficiary designations and how they can help support Cal Poly students and programs.
- Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
- If you name 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
What You Can Designate
You can name us beneficiary of the following assets:
An Example of How It Works
Robert and Carol treasure the financial help they've been able to give their children and Cal Poly over the years. Now that their kids are grown, Robert and Carol changed their estate plan so it could work harder for the people and causes they love. The couple updated their will to leave stocks and real estate to their kids. And they left us a $75,000 IRA to be transferred after their death. Because Cal Poly is tax-exempt, all $75,000 will help support our mission.
If Robert and Carol had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their family's use. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on an assumption of a 24 percent marginal income tax bracket.
Watch this video to see how it works
See How It Works
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.