Planned Giving

Karen Duncan poses with a 20's carWhen you make a planned gift to Los Altos Community Foundation, you make a gift to future generations by ensuring they will be grow up and live in the very special Los Altos and Los Altos Hills community. A planned gift can, depending on your situation, provide you and your family with tax benefits or guaranteed income. We will work closely with you to discuss the planned giving options that best meet your needs and fulfill your philanthropic wishes.

Some examples of Planned Giving vehicles follow. By naming LACF in a planned gift you automatically become a member of the Legacy Circle.

 

  • Bequests. This is a common planned gift. Specify your bequest to LACF as a particular dollar amount, percent of your estate, residue of your estate, or for a specific asset such as real estate or securities.
  • Life Income Gifts. One example is a Charitable remainder trust which may enable you to avoid capital gains tax on appreciated assets, receive immediate income tax deduction, specify a payment schedule and decrease estate taxes.
  • Real Estate Gifts. These may reduce your taxes, ease the demands of owning property, and provide lifetime income.
  • Retirement Plans and Life Insurance. For these, designate LACF as beneficiary of retirement plan, IRA, life insurance policy, etc.

Sample Bequest Language for Estate Gifts to Los Altos Community Foundation

“I give to Los Altos Community Foundation, a California non-profit corporation, EIN 77-0273721, having its principal office at 183 Hillview Ave., Los Altos, CA, 94022…

To make a cash bequest:

…the sum of $_________ to be used by Los Altos Community Foundation for its general purposes.”

To give a percentage of the estate:

…_______ percent of my estate to be used by Los Altos Community Foundation for its general purposes.”

To give a residual amount or remaining interest:

…the rest, residue and remainder of my estate after all debts, expenses and taxes have been paid and all the general and specific bequestshave been made, to be used by Los Altos Community Foundation for its general purposes.”

To give a tangible asset or property:…_______ shares of common stock of __________ (or insert here a description of other property) owned by me at my death as these shares shall exist at the date of my death, to be used by Los Altos Community Foundation for its general purposes.”

Securities Transfers

Please telephone our office if your client is transferring shares to Los Altos Community Foundation. We need to know the name and number of shares being transferred.

Please contact Joe Eyre at the Los Altos Community Foundation if you have any additional questions.

Los Altos Community Foundation
183 Hillview Avenue
Los Altos, CA 94022
Tel: 650-949-5908
Fax: 650-949-0807
EIN: 77-0273721
Email: lacf@losaltoscf.org
losaltoscf.org

Los Altos Community Foundation is recognized by the IRS as a 501(c)(3) nonprofit charitable organization. All gifts are tax deductible to the fullest extent of the law. Los Altos Community Foundation’s Federal Tax ID is 77-0273721