Planned Giving
Planned gifts not only benefit the students and families of Barrio Logan College Institute, but you as well! In many instances, you not only have the satisfaction of supporting BLCI, but you also qualify for tax benefits as well.
Wills, Trusts
One of the easiest decisions you can make now that will benefit Barrio Logan College Institute in the future is to designate BLCI to receive a bequest through your will or trust. This option results in no alteration of your current lifestyle. If you have already included BLCI in your estate plan, let us recognize you contribution today! Click here to confirm your bequest.
Life Insurance
Make Barrio Logan College Institute the owner and beneficiary of your old policy or a new one. If annual premiums are due, make gifts to Barrio Logan College Institute in the amount of the premium and qualify for an income tax deduction.
Charitable Trusts
INCOME TO YOU:
Making a gift to a Charitable Remainder Trust or a Pooled Income Fund returns income to you in addition to income and estate tax benefits and bypasses capital gains taxation.
The income you receive can be for your lifetime or for a period of years. In some instances, you may choose the amount of income you will receive.
INCOME TO CHARITY:
Transferring assets to family members is subject to gift and estate taxes, perhaps as much as 55%. Through a Charitable Lead Trust, you can reduce, and even eliminate, those taxes.
In this vehicle, you select an annual amount to be distributed to Barrio Logan College Institute. You also choose the number of years for the distributions. After the selected term, the assets in the trust pass to your family at substantially reduced taxes.
Retained Life Estate
A significant part of most Californians’ estate is their home. You can surrender ownership of your home to Barrio Logan College Institute, continue to enjoy all the benefits of staying in your present surroundings for your lifetime, and receive tax benefits.
Link to Giving Options Explanation
Please feel free to call Executive Director Diana Getrich Villegas at (619) 232-4686 x101 for more information.
