Turn Your Generosity Into Income for Life
When you are looking for ways to help Cal Poly with our mission, 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. A charitable gift annuity involves a simple contract between you and Cal Poly where you agree to make a gift to Cal Poly and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.
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.
Explore Your Options
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 by downloading our FREE guide Plan for Retirement With a Deferred Gift Annuity.
Other Useful Information
- Contact Cal Poly's Office of Gift Planning at 805-756-7125 or email@example.com 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
Submit a few details and see how a charitable gift annuity can benefit you.
Check Out This Potential Scenario
Say that Robert, 70, and Mary, 68, 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 4.9 percent, which means that they will receive $980 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,145* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our programs.
*Based on quarterly payments and a 3.2 percent charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
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.