The CSUB Athletics Legacy Society is the department's recognition program for donors who make estate and planned gifts in support of our athletics program. This recognition program offers invitations to special events, recognition on our Website and in the Icardo Room, and access to advice and resources provided by the CSUB Foundation.



BEQUESTS
A donor may leave cash, securities, or real estate by will to CSUB Athletics. The value of the bequest is deducted from the estate of the donor (There are various types of bequests, and some may be restricted or unrestricted).

LIFE INSURANCE
There are numerous ways in which life insurance policies can be used to make a gift to CSUB Athletics. All will provide on immediate income tax deduction and may enable the donor to make a much larger gift than otherwise possible.

CHARITABLE REMAINDER TRUSTS
Charitable remainder unitrusts and charitable remainder annuity trusts may be created during one's lifetime of by one's will. A donor irrevocably transfers property to CSUB Athletics as trustee. The organization will then in turn pay you and/or another named beneficiary either a percentage of the trust principle or a fixed dollar amount for life or a designated term. Unitrust income will fluctuate under normal circumstances. Annuity trust income is fixed at the date of the gift and will never change.

CHARITABLE GIFT ANNUITY
Non-Profit organizations have been offering charitable gift annuities as one form of charitable giving. This option establishes a contract to provide fixed annual income to one or two persons for life in return for a gift.

DEFERRED PAYMENT GIFT ANNUITY
The deferred payment gift annuity involves the current transfer of cash, marketable securities, or other assets to CSUB Athletics. In exchange, CSUB Athletics agrees to pay the donor an annuity starting at a future date usually at the donor's retirement.

RESIDENCE OR FARM
A donor may give his or her personal residence or farm to CSUB Athletics and retain a life interest in it for the donor and his/her spouse. This gives the donor the advantage both in current income and estate taxes. There is a charitable deduction in the year that the property is deeded to CSUB Athletics.

GIFTS OF STOCK AND REAL PROPERTY
Stocks and Appreciated Property: Giving property that has appreciated in value and has been held long term has definite tax advantages. An income tax deduction is allowed for the full fair market value of the property given. In addition to receiving a charitable deduction for the full fair market value of such a gift, the donor pays no capital gains tax on appreciated value when the gift is made. Such a gift is deductible up to 30% of a donor's adjusted gross income. Any excess can be carried over five additional years.