How to Give:Planned Giving

Gift Plans

To find out more about different gift plans, please click your category of interest below.

Life Income Gifts
Gifts To Make Today
Gifts That Benefit CGCC After Your Lifetime

Life Income Gifts

Charitable Remainder Trusts

Charitable remainder trusts allow you to transfer assets to a charitable remainder trust and receive fixed payments each year. The charitable remainder trust sells assets and reinvests. CGCC Foundation receives the assets remaining in the charitable remainder trust when the income beneficiary passes away. Please consult your tax advisor for more information.

Advantages for you: Receive fixed income, receive tax deduction in year gift is made, no capital gains tax when the gifted asset is sold by the trustee, may provide tax-free income.

Advantages for CGCC Foundation: Assures substantial future funding for CGCC Foundation work.
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Gifts to Make Today

In Memory Of or In Honor Of

Many people choose to honor the memory of a loved one or recognize the achievements of a loved one through a gift to CGCC. “In Memory Of” and “In Honor Of” gifts may be designated to any college fund.

When making a gift in memory of or in honor of, please include the following information:

  • Area which the gift is to be designated
  • Name of person who is to be memorialized or honored
  • Name and address to which any notification of gift should be sent

Gifts can be mailed to: CGCC Foundation, 400 East Scenic Drive, The Dalles, OR 97058

Charitable Lead Trusts

A charitable lead trust allows you to transfer assets to a charitable lead trust. The charitable lead trust sells assets and reinvests. It provides an income stream to the Foundation for a designated time period or life. The remainder at the end of the time period of life goes to the donor or other person(s).

Advantages for you: Allows assets to be passed to others with little or no shrinkage due to taxes, saves reporting taxable income during the term of the trust, possible income tax savings, can shelter a property transfer to the next generation by gift or estate tax charitable deduction.

Advantages for CGCC Foundation: Provides current income for at least a set number of years, possible beneficiary upon death.
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Gifts that Benefit CGCC Foundation After Your Lifetime

Bequests

You can make a gift through a bequest in your will. It directs your estate executor to make a gift from your assets to the person or institution of your choice. Bequests may be used to gift cash, securities, real estate and tangible personal property. When you leave a bequest to CGCC Foundation, you can make a generous gift without reducing your income or giving up ownership of the assets during your lifetime. You can create funds in your name or in the memory of a loved one. Charitable bequests are usually deductible in full for estate tax purposes. Please look at this form [connect with link to form] for more information on how to include CGCC Foundation in your will.

Advantages for you: Provides estate distribution as desired, avoids estate and inheritance taxes.

Advantages for CGCC Foundation: Assures future funding for CGCC Foundation work.

Retirement Assets

You can use qualified retirement assets to make contributions. Retirement assets are subject to income and estate tax; therefore, retirement assets can be the most taxed assets in larger estates. You can name CGCC Foundation as the beneficiary on the account during your lifetime and, by doing so, may be able to avoid income and estate taxes upon your death.

Advantages for you: Leaves more for your family since these assets are the most highly taxed, eliminates  income and estate taxes on those assets.

Advantages for CGCC Foundation: Assures future funding for CGCC Foundation work.

Life Insurance

You can contribute a gift of a life insurance policy to combine charitable objectives with tax advantages, since you may receive an income tax deduction by naming CGCC Foundation as a beneficiary or owner of a life insurance policy. You can name CGCC Foundation as a primary or contingent beneficiary of a life insurance policy.

There are several ways to contribute through your life insurance policy. Some ways include:

  • Purchasing a policy and designate CGCC Foundation as the irrevocable owner and beneficiary of the policy
  • Designating CGCC Foundation as the new owner or beneficiary of an existing policy
  • Adding CGCC Foundation to an existing policy as a contingent beneficiary, in case the primary or secondary beneficiaries do not survive you

Advantages for you: Current income tax deduction, possible future deductions through gifts to pay policy premiums.

Advantages for CGCC Foundation: Assures future funding for CGCC Foundation work.

Endowments

If you wish to make a gift to CGCC that will last in perpetuity, you should consider making a gift to the CGCC Foundation general endowment fund or creating your own endowment. The CGCC Foundation general endowment fund is used to support the area of greatest need at the college.

There is no minimum amount for gifts to the CGCC Foundation general endowment fund. These gifts are added to the overall CGCC Foundation general endowment investment pool. You may also establish your own named scholarship endowment. The income of your own endowment fund is used for purposes decided upon by you, the donor. We encourage you to share your interests and wishes with us so we can help you in this process.

Life Estate Agreements

Life estate agreements are contracts between you and CGCC Foundation. You transfer your title real estate property, usually a primary residence, to CGCC Foundation. In return, the foundation agrees to provide you with use of the property throughout your lifetime. Upon your death, the property becomes an asset of the Foundation. The foundation can then sell the asset to generate funds, which will benefit the fund designated by you.

Advantages for you: Receive a partial charitable income tax and estate tax deduction, depending on your age.

Advantages for CGCC Foundation: Assures future funding for CGCC Foundation work.
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Disclaimer: This information is not intended to constitute legal or tax advice and may not be relied on as such. You should consult with your own tax adviser concerning the deductibility of contributions to CGCC Foundation.

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