Planned Giving

Retirement Plan Funds

You can also bequest your retirement or IRA Funds.

A retirement asset, such as an IRA account, makes an excellent bequest to CCST. If the IRA were transferred to your family, much of the value may be lost through estate and income taxes. By designating the California Council on Science and Technology as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your advisor), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.

Thank you for including CCST in your bequest planning!

Stocks

Stock donations are particularly attractive if they have increased in value - you will receive a charitable deduction for the value of the donated shares, and you may not have to pay any capital gains tax on the increased value of the donated shares. Be sure to talk with your tax advisor for the best scenario for you!

Step 1: Transferring the stock

Option 1: Electronic transfer: your broker transfers shares to CCST using our DTC number; click here to download our stock form.

Option 2: Paper certificates: you must endorse and physically mail the paper certificates to CCST; see below for details when using paper certificates.

Either method is acceptable, but it is necessary for you to contact your broker to initiate the transfer.

Step 2: Notify us so your gift is properly logged and assigned

In order for California Council on Science and Technology to properly acknowledge a gift of stock, upon receipt, it is important that we are notified in advance by the donor or transferring broker. Use our form or send this information via email to Lisa Poon, [email protected]:

Donor's name and complete address
Name and number of securities transferred
Date of transfer
Restriction on gift (if any)

Securities Delivered by Mail

If the certificate(s) are in your name, please endorse the back of the certificate to sign over to CCST. Send this with completed stock power form, in separate envelopes, via registered mail to the address below. If you have any further questions, please call Lisa Poon at (916) 492-0996.

Please send the certificate(s) via registered mail to:

California Council on Science and Technology
Attn: Lisa Poon
1017 L St., #438
Sacramento, CA 95814
(916) 492-0996

Note: This information is not intended as legal, tax or investment advice. For such advice, please consult your attorney, tax professional or investment professional.

IRA Charitable Transfer

Do you have an IRA and you are 70 ½? Then you must take the distribution, but what if you don’t need or want the income? You can assign your distribution to the California Council on Science and Technology and avoid the distribution counting towards your taxable income!

Charitably minded taxpayers have enthusiastically embraced the IRA charitable rollover as an opportunity to transfer up to $100,000 each year to charity without it being treated as a taxable distribution.

The requirements and restrictions for making an IRA charitable rollover gift are:

• Donor must be 70 ½ or older.
• The gift must be made directly from the IRA to an eligible charitable organization; if you take possession of the funds first, then it is a taxable distribution to you. Transfer directly to CCST to avoid taxable income.
• Gifts to all charities combined cannot exceed a total of $100,000 per taxpayer for the year.
• Gifts must be outright, and no material benefits can be received in return for the gifts.
• Thus a transfer for a gift annuity, charitable remainder trust, or pooled income fund is not permitted.
• Gifts cannot be made to a donor advised fund, supporting organization, or private foundation.
• The gift is not included in taxable income, and no charitable deduction is allowed.
• The gift can only be made from an IRA. Gifts from 401(k), 403(b), and 457 plans are not permitted.

If you meet the above conditions this may be the right gift for you to make if:

• You want to make a charitable gift and your IRA constitutes the largest share of your available assets.
• You are required to take a minimum distribution from your IRA, but you do not need additional income.
• You do not itemize your deductions. In that case a personal IRA distribution increases your taxable income without the benefit of an offsetting deduction. An IRA charitable rollover will not be included in your taxable income even if you do not itemize other deductions.
• You would like to make an additional charitable gift, but it would not be deductible because of the annual limitation of 50% of adjusted gross income for charitable contributions. The IRA charitable rollover is equivalent to a deduction because it is not included in taxable income.
• You have an outstanding pledge to a charity. The IRA charitable rollover can satisfy a pledge without violating rules against self-dealing.

If you want to make a qualifying transfer gift, contact your IRA administrator and instruct that person to transfer funds to CCST.