A gift to CSULB in your will or revocable trust proclaims your confidence that we will continue to serve our mission and make a difference in the lives of future generations. A bequest:
A residual bequest comes to us after your estate expenses and specific bequests are paid:
I give and devise to California State University, Long Beach, located in Long Beach, CA, all (or state a percentage) of the rest, residue and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific affiliate, fund or program).
Naming California State University, Long Beach as a beneficiary of a specific amount from your estate is easy:
I give and devise to California State University, Long Beach, located in Long Beach, CA, the sum of $___________ to be used for its general support (or for the support of a specific affiliate, fund or program).
California State University, Long Beach or its affiliates can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled:
If (insert name) is not living at the time of my demise, I give and devise to California State University, Long Beach, located in Long Beach, CA, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific affiliate, fund or program).
You may name California State University, Long Beach as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.
Naming CSULB as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass such assets on to heirs because of heavy tax consequences. By naming CSULB as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support CSULB free of both estate and income taxes.
Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change of beneficiary form from your plan administrator. When you are done, please return the form to your plan administrator and notify California State University, Long Beach. We can also assist you with the proper language for your beneficiary designation to CSULB.
If you or your attorney would like CSULB to provide you with customized beneficiary language that is specific to your goal and interest, please contact us.
Next: Will Planning Wizard
Please contact us so that we can assist you through every step of the process.
Back