Planned Giving: Leave a Legacy
Lay the foundation for Mt. SAC's future: Your gift today is tomorrow's legacy. You make the difference when you give to Mt. SAC — for students, for our community, and the world. Your gifts to Mt. SAC can provide benefits now or can provide benefits in the future for you or your loved ones, all while creating your wonderful legacy that will live on through your bequest gift or charitable trust through Mt. SAC.
Mt. San Antonio College's Leave a Legacy Society gives individuals a wonderful opportunity to leave a lasting personal legacy of commitment to the goals of the College, the Foundation, and, most importantly, to the students. Donors do this by naming the Mt. SAC Foundation as a beneficiary of their estate or trust.
Types of Bequests
Bequests may be general or directed to specific interests/needs of the donor. Unrestricted gifts offer the most flexibility and allow the College to determine where the funds will be directed based on critical needs at the time the bequest is received or matures.
Restricted gifts may be donor-designated for scholarships, special programs, facilities and equipment, student services, faculty enrichment and development, and other special areas of interest.
You become a member immediately by informing the Foundation that you have included it in your estate planning for a minimum of $5,000. There are several ways to do this:
- Wills: One may designate a specific amount in cash securities to benefit the College upon his/her death. Such bequests are the most popular form of deferred giving when an individual wishes to include a charitable organization in long-term estate planning.
- Trusts: One may create a variety of trusts to suit his/her needs and intentions to benefit the College. One example is a trust that is designated to provide life income for you and your family, with the residual principal at a future date, going to the College.
- Life Insurance: A gift of life insurance often permits one to give much more than he/she would ordinarily be able to contribute. A donor may name the College as a beneficiary of the insurance policy.
- Real Estate, Personal Property, Securities: There are many opportunities to give various gifts of real estate, personal property, or other securities that would provide tax savings and other benefits.
- Individual Retirement Accounts: By naming the Foundation as primary or secondary beneficiary on an IRA, the donor receives a charitable donation write-off and avoids paying taxes on withdrawals made from the IRA by the 501(c)3 nonprofit organization.
If you would like more information and speak to us about our planned giving options, please contact the Foundation Office at (909) 274-4215.