Planned Giving

PLANNED GIVING
As with all transactions of this kind, consult your tax attorney, estate planning professional, or CPA before making your gift.

You may stop, on occasion, to consider the impact your life has on the people around you. Many people can look at their family and friends knowing they have had a positive influence. Still they yearn to do something more, something deeper for mankind; something positive that will survive the challenge of time. Achieving that impact is possible by including charitable gifts in your philanthropy and estate plans.

As with all transactions of this kind, consult your tax attorney, estate planning professional, or CPA before making your gift.

To start the process, please contact Haley Stupasky, Director of College Advancement via email haley.stupasky@clackamas.edu.

Creating an Endowment

An endowment provides a percentage of the earned income for scholarships, basic needs, or program support while the principal remains intact.

A contribution of $20,000 is required to establish a named endowment. To learn more about setting up an endowment and for information on the various programs and capital projects that are available for naming opportunities, please contact a CCC Foundation representative at 503-594-3129 or foundation@clackamas.edu.

Bequests/Estates

A person or couple can name the Foundation as a beneficiary in their estate documents, regardless whether they use a will or living trust. This is one of the most meaningful ways a charitable organization can be supported by those who have been touched in some way by the work the College is doing. And, it’s easy to do! You can call our offices and one of our staff will be happy to provide language you can give your attorney as you update, or complete, your estate plan.

When you include the Clackamas Community College Foundation in your estate, you become an esteemed member of The Heritage Society.

Estate Planning

When someone has taken the time to prepare for the myriad of decisions a family will be left to make, many burdens can be avoided. The CCC Foundation is glad to share some important planning tools that will help you pull together information that will assist your family, and empower you to make decisions you may not have considered.

*Click on any of the following to download your free copy of these planning tools:

*These planning tools are provided to you for your assistance. As always, we recommend any final plans be reviewed by your attorney and/or financial planner.

If you are considering leaving Clackamas Community College in your estate plan, we have professionals who can assist you. Please contact us at 503-594-3129 to schedule an appointment.

Stock

If you have publicly traded stock that has appreciated in value, you can avoid capital gains tax when you make a donation of that stock to the Foundation. If you happen to like that particular stock, you can then use your available cash to repurchase the stock at a new, higher cost basis.

Real Estate

While cash, CDs, and marketable securities are thought of most often when making a gift to a charitable organization, real estate is sometimes the best gift of all. Many people reach a stage in life where they simply don’t want the management responsibility that accompanies property ownership.

Retirement Plans

Recent legislative changes have lowered the payout requirements for retirement plans after age 70.5, potentially resulting in higher balances for older Americans. However, it's important to be aware of the tax implications of leaving retirement plans in your estate. Contributions to retirement accounts are tax-deferred, but upon passing, they may trigger income and estate taxes for heirs. To avoid this, consider naming charitable organizations as beneficiaries, as they are generally tax-exempt, ensuring the full value of the plan can be gifted without tax obligations. Consult your financial advisor to determine the best management of your retirement funds.

Gift Annuities

There are many forms of gift annuities. Some offer an immediate payout option, while others allow the donor to fund the agreement and get an income tax deduction now, but delay the beginning of payments until some point in the future of their choosing.

Call the Foundation if you are interested to learn more about gift annuities. A confidential illustration can be prepared specifically for you which will reveal what your payout rate would be, how large your income tax deduction amount would be, and what portion of your payments would be tax-free. There is no cost or obligation to inquire.

Charitable Remainder Trusts

Charitable Remainder Trusts (CRTs) can be one of the most powerful planning tools available as people do retirement and estate planning. CRTs afford the donor potentially five favorable tax outcomes by virtue of one financial transaction. Contact a financial professional to learn more about what this arrangement would mean for you.