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Gift Planning

Ben Culley Society


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The Ben Culley Society salutes individuals whose foresight, like Dean Culley's, has led them to make a commitment to the College beyond their lifetime. Dean Culley cared deeply about Occidental and its future that he set an example by providing a meaningful gift through his estate. To this day, his generosity continues to support scholarships and endowed programs in the performing arts. To honor his legacy, in 1994 the Board of Trustees of the College established a legacy giving society in his name to honor individuals who have chosen to benefit Oxy beyond their lifetime by endowing its future through bequests, gift annuities, charitable remainder trusts, retained life estate, and retirement assets.

If you have already included Occidental College in your estate plans, we hope you will let us know by filling out our Letter of Intent. With your permission, we will recognize you as a member in our Legacy Newsletter. Your willingness to be listed as a member of Ben Culley Society encourages others to follow your example. We acknowledge and respect those who wish to remain anonymous, but we encourage you to let us know of your plans on a confidential basis as it supports the College's planning for the future and allow us the opportunity to thank you for your generosity. You will also be invited to special events for members. Past event locations include the Walt Disney Concert Hall, the Autry Museum, the Huntington Gardens, and on campus. You may also see event pictures on our Facebook page.

If you have not yet included Occidental College in your plans and you would like to explore the best options for you and your family, you may explore our website for more information. Please do not hesitate to contact us should you have any questions. We would be glad to assist you on a confidential basis and without any obligation.

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to Occidental College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Occidental College [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Oxy or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Oxy as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Oxy as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Oxy where you agree to make a gift to Oxy 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.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.