Planned Giving
You can make a significant gift with no out-of- pocket expense through a bequest, gift of life insurance, retirement account, stocks/securities, and property such as artwork and rare books. These excellent gift options also offer tax benefits.
Bequest:
You don’t have to be wealthy to make a significant gift to ITP. A simple bequest is one of the easiest ways you can make a gift that costs nothing during your lifetime. Contact us for specific language you can add to your will, or to learn more about how you can contribute to ITP in this way.
Brigitte Lindsey, Executive Assistant to six ITP presidents: "For the past 22 years, ITP has been good to me. Putting ITP in my will is my way of paying that forward."
Board of Trustees member Terry Connelly: "As a member of ITP’s Board of Trustees, it’s my job to ensure the long-term sustainability of the Institute. Besides, making a bequest is easy and doesn’t affect cash flow or lifestyle."
Alumnus French Harris and his wife Margo:
"We wanted to share the abundance of our lives by giving from what we’ve accumulated over our lifetime. We are happy to know our gift will help ensure the future of ITP and leave a legacy for coming generations."
Alumna Marie May: "My vision is that ITP pays all PhD students to study, train, and do groundbreaking research (via living and education stipends). In addition to a monthly gift to ITP’s annual fund, I’ve also named ITP in my will to receive a percentage of my estate for the endowment fund. I feel profoundly touched and grateful. I helped co-create this endowment fund and am so excited to leave a large portion of my financial legacy, even as I am still building it, to pay future students to do their graduate work. This is literally a dream come true for me."
Alumnus and Board member Loic Jassy: "It took about ten minutes to write a codicil to my will that included ITP as a beneficiary. It was a quick and easy way to make a major gift to ITP with no immediate financial impact. I feel really good about giving back to ITP, which has given me so much. I encourage other ITP alumni to join me."
Support ITP and improve your financial security at the same time.
With planned gifts like those listed below, you benefit, your loved ones benefit, and ITP benefits.
Gift Annuity:
Locked into low yield investments? Consider a gift annuity instead. With a gift annuity you receive guaranteed payments for life!
Rates are quite competitive compared to commercial annuities, money market instruments, and CD rates — even most bond yields.
Deferred gift annuities not only help you make a major gift before you retire, but also help you during your retirement years.
How Does a Gift Annuity Work?
ITP has teamed up with the Silicon Valley Community Foundation to offer gift annuities -- a simple contract between you and the community foundation.
In exchange for your gift of $25,000 or more, you will receive fixed payments for life to one or two beneficiaries.
With a gift annuity, you receive immediate charitable income tax deductions in the year the gift is made and ongoing tax-favored payments (tax deductions can be carried forward for five years if necessary).
Annuity payments can begin right away or be put off for a specified period of time (at least one year). When payments are put off for future use, such as for retirement, it is called a Deferred Charitable Gift Annuity. Your age, and if elected, the age of the other person, determines the interest rate received.
Why Are Gift Annuities So Appealing?
- Fixed payments not affected by market turbulence
- High rate of return
- Charitable deduction
- A portion of your payments will be tax free
- Minimized capital gains tax
- Reduced estate tax
- Flexible payments
Life Insurance:
Giving a life insurance policy or making ITP one of the beneficiaries of a life insurance policy is a great way to contribute more than you may have thought possible. A life insurance policy review can often turn up "found money." By replacing old policies with new ones, death benefits can be dramatically increased for no additional premium cost.
Charitable Lead Trust:
You regain control of the assets after ITP receives income from those assets for a specified period.
Charitable Remainder Trust:
Like a gift annuity, you receive income and tax benefits during your lifetime while leaving the asset or principle to ITP.
Disclaimer: This website is intended to provide general gift planning information. ITP is not qualified to provide specific legal, tax or investment advice, and this website should not be looked to or relied upon as a source for such advice. Consult with your own legal and financial advisors before making any gift.
Join the Robert Frager Founder Circle with a planned gift to ITP
The Robert Frager Founder Circle was established to recognize and honor those who have made provision for ITP in their estate plan or through a life income gift, and to recognize and honor one of the founders of ITP, Robert Frager, for his contribution to the vision and vitality of ITP since its inception in 1975.
For more information about making a planned gift, please contact Tracy Byars, Director of Gift Planning & Advancement at 650-493-4430 x 267 or tbyars@itp.edu.
