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Gift Planning
Wills & Bequests
Copyright © University of California, San Diego, All rights reserved. The information in this publication is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.
If you are unable to make an immediate gift, but would like to provide for UCSD's future, consider making a bequest. Your will or living trust protects your family's future with an estate plan. By including a bequest to UCSD, you also can help ensure that your goals for the future live on.
Adding UCSD to your will or living trust is one of the easiest ways to make an important difference in the future of this campus. To make a bequest, simply add a brief statement to your will or living trust. (Often you can simply add a codicil to an existing document.) While this type of gift creates no immediate income tax benefits, it will be completely tax deductible for estate tax purposes.
You can also specify exactly how you'd like to distribute your assets. You can make a specific bequest by identifying a specific parcel of real estate, block of stock, or other clearly identified item. Or, you can make a cash bequest in a specific amount or as a percentage of your estate. You can also make a residual bequest from the remaining assets in your estate after all other specific bequests and settlement costs are satisfied.
Your bequest can be designated to establish a current use fund, which is totally expendable, or an endowed fund, which exists in perpetuity and generates an annual income. In addition, your bequest can be used for a specific program or can be unrestricted—to be used at the discretion of the Chancellor or Dean. Finally, your gift can also be made in your name, or as a tribute to someone you love.
If you have made a provision for UCSD in your estate plans, please let us know. You will also become eligible to join the UCSD Legacy Society. Formed in 2004, this society recognizes and thanks alumni and friends who make a future commitment to the university through charitable annuities, life income agreements, bequest intentions, or other planned gifts.
UCSD sample bequest language is available here for current use and endowed funds. For specific department/division bequest language please contact us for information and assistance.
Sample Bequest Language
UCSD Current Use Bequest Language.pdf
UCSD Endowment Bequest Language.pdf
For general inquiries, please contact:
The UC San Diego Office of Gift Planning:
9500 Gilman Drive, MC 0937
La Jolla, CA 92093-0937
858-534-2249
www.giftplanning.ucsd.edu
