University of Arizona College of Agriculture and Life Sciences
c2010 College of Agriculture and Life Sciences Development and Alumni Relations
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Life Income Gifts
A life income gift may enable you to provide financial security now for yourself, your family or friends along with reduced income taxes and possible estate tax benefits and, at the same time, provide future support to the College.
Numerous tax and financial benefits may be realized with a "life income gift," such as a charitable gift annuity or charitable remainder trust. The donor makes an irrevocable gift of cash, securities or property and receives income for him or herself (may include another beneficiary, such as a spouse) for either life or a specified term of (1 to 20) years. After their lifetime or completion of term of years, the remainder goes to support the College of Agriculture and Life Sciences.
Back to Planned Giving
The University of Arizona Foundation is a "qualified charitable organization" and meets the standards and requirements of Internal Revenue Code Section 501(c)(3). Under this provision, all contributions are deductible for federal income tax purposes (subject to statutory limitations) and for federal estate and gift tax purposes. Gifts of cash (or your election to deduct only the cost basis of an appreciated asset) may be deducted up to 50 percent of adjusted gross income (AGI) in a year. Gifts of appreciated real or personal property may be deducted up to 30 percent AGI. Excess deductions may be carried over for up to five (5) additional years.
CALS Campus Agricultural Center Vineyards
Any gift to the College may
be designated in memory or honor of a friend or loved one.