Gift Planning Comparison Chart
| Gift Type | Beneficiary | Advantages | |
| TODAY - GIFTS TO SEE THE BENEFITS NOW | |||
| Outright - cash, appreciated securities, closely held securities, real estate, personal property, life insurance, bargain sale | •Occidental College immediate beneficiary |
•Makes an immediate impact •See the benefits of your giving •Current charitable income tax deduction |
|
| Charitable Lead Trust | •Occidental College immediate
beneficiary •Remainder to you or your heirs |
•Preserves assets for your family, at a greatly
reduced gift or estate tax cost •Passes assets to heirs at a time when they are ready for them |
|
| Retained Life Estate | •Occidental College immediate beneficiary | •Immediate charitable income tax deduction •Reduced estate taxes •Lifetime living rights in your home |
|
| IRA Rollover | •Occidental College immediate beneficiary | •Makes an immediate impact •Eliminate paying income taxes on the distribution •Count the gift toward your required minimum distribution |
|
| TOMORROW - GIFTS THAT PROVIDE INCOME | |||
| Charitable Gift Annuity | •One or two annuitant
beneficiaries •Remainder to Occidental College |
•Creates an income stream for life for you and/or
a loved one •Annuity payments are partially free of income tax •You receive an immediate charitable tax deduction •Secure payments that will not change with market performance |
|
| Charitable Remainder Trust | •One or more beneficiaries •Remainder to Occidental College |
•Creates an income stream for life for you and/or your
loved ones •An immediate charitable income tax deduction •Diversify your investment portfolio •Simplify your asset management |
|
| FUTURE - GIFTS AFTER YOUR LIFETIME | |||
| Bequest | •Occidental College (may be specific dollar amount, percentage, or remainder of your estate) | •You retain control of your assets during your lifetime •You can change your mind at any time •May reduce estate taxes |
|
| Beneficiary Designations: (An IRA or a qualified retirement plan, savings account, investment account, commercial annuity contract, life insurance policy) | •Occidental College (may be specific dollar amount, percentage, or remainder of your estate) | •Easily include Occidental College as a beneficiary through a change in beneficiary form provided by your plan administrator | |
| TODAY-TOMORROW- FUTURE - BLENDED GIFTS | |||
| Combined outright gift(s) and deferred gift(s) | •Occidental College immediate
beneficiary •One or two annuitant beneficiaries •Remainder to Occidental College |
• Immediate benefit from a charitable tax deduction
in the amount of the outright gift component • Tailored gift planning to fit you and your family's needs • Creativity within gift planning • Maximize the impact of your philanthropy |
"Members of the Oxy community who support Oxy through their estate plans have provided us with an incredibly distinctive gift-an infinite investment in the College. We are grateful to these generous donors whose forethought will allow Oxy to deliver our exceptional liberal arts education to generation upon generation of talented students."
- President Harry J. Elam, Jr.
"Oxy showed me that the path to one's goals need not be linear or conventional. I learned how to think, to write, to create; to trust my instincts and pursue my interests with passion and a standard of excellence. Not a day has passed that I have not been rewarded in some way by my Occidental education."
Michael and his wife Pamela recently documented an estate gift to support the Obama Scholars Program and the EdgertonOccidental Merit Scholarship.