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Are you passionate about supporting our institution, even after your lifetime? Estate or planned gifts are excellent opportunities to support Cosumnes River College while meeting your current income needs and providing for your heirs. Examples of estate and planned giving instruments include wills and living trusts, life insurance or retirement beneficiary designations, IRA rollover, charitable gift annuities, charitable remainder trusts, and charitable lead trusts. All are wonderful ways to support Cosumnes River College’s students and faculty.


One way to give is with a bequest. Your will or trust can designate that a specific amount be transferred as a gift to Cosumnes River College. Such a gift can take the form of cash, stocks, bonds, real estate, or any type of asset. You may also give a percentage of your estate. The bequest lets you pass on your gift to Cosumnes River College free of tax. Feel free to use this bequest language sample (PDF).

Living Trust

A living trust is often a good supplement to a will for those who wish to avoid the time and expense of probate. There are many kinds of trusts for many different purposes. But they all have one thing in common: they are a means of assuring that your property will be handled, and ultimately passed on, in the way you wish.

Life Insurance or Retirement Beneficiaries

A gift of life insurance to Cosumnes River College can be a way to make a significant donation to further the institution’s mission. If you have existing policies for which you no longer need the coverage, consider assigning ownership to Cosumnes River College. By naming Cosumnes River College as both owner and beneficiary, you get a tax deduction as well as make a generous gift at low cost. You may take an immediate tax deduction for the cost basis or surrender value, whichever is less.

If you were already planning on leaving part of your estate to Cosumnes River College, consider using your retirement account (such as your 401k or IRA) to make this gift. There is a charitable deduction of the federal estate tax so 100% of any sum going to Cosumnes River College passes free of federal estate tax. As Cosumnes River College is tax exempt, no income tax is payable. Naming Cosumnes River College as the beneficiary of your retirement accounts allows you to leave other assets that are not as heavily taxed to your heirs.

Required Minimum Distribution

If you are 70½ years old or older, you can take advantage of a simple way to benefit Cosumnes River College and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ours without having to pay income taxes on the money.

This law no longer has an expiration date so you are free to make annual gifts to our organization this year and well into the future.

Charitable Gift Annuity

A Charitable Gift Annuity (CGA) is a time-tested method that many donors use to both give and receive. In addition to making a “planned gift” to Cosumnes River College, a CGA will create an immediate income tax deduction and generate fixed income for life. After your lifetime, the remainder in the account will be transferred to Cosumnes River College on your behalf.

CGA can become an attractive part of your investment portfolio and may add a significantly charitable legacy. The fixed income payment amounts are based on your (and/or your spouse’s) age, and you can choose whether you receive payments immediately, or defer them to a later date.

Fidelity Charitable offers more information about how charitable gift annuities work.

Charitable Remainder Trust

Charitable Remainder Trusts (CRT) are a wonderful way to increase income, save taxes, and benefit Cosumnes River College. A CRT lets you convert a highly appreciated asset like stock or real estate into lifetime income. It reduces your income taxes now and estate taxes later; you pay no capital gains tax when the asset is sold. The trust will then pay you income for life (or for the joint lives of you and your spouse). After your death, or the death of your surviving spouse, the assets within the trust are distributed to the Cosumnes River College Office of Philanthropy. offers more information about charitable remainder trusts.

Charitable Lead Trust

Like a CRT, Charitable Lead Trusts (CLT) are a way to help Cosumnes River College while reducing taxes and benefiting your heirs. Unlike a CRT, when a donor establishes a CLT, Cosumnes River College receives the income payments for a fixed term of years. After this term expires, the principal is returned to the donor or others whom the donor designated.

Planned Giving Design Center offers more information about charitable lead trusts.


Please let us know if we can provide any assistance and explore options that benefit you and your family during your planning process. We encourage you to consult your personal financial advisor about making a legacy gift. Cosumnes River College staff cannot offer legal or financial advice. 

To make an appointment to discuss your estate plans, please contact Michele K. Steiner, Director of Donor Relations at (916) 691-7491 or by email.

If you have included Cosumnes River College in your estate plans, thank you! Please send us this Declaration of Intent (PDF) if you are interested in planned giving.