Planned Giving

Your gift helps District Students Realize their Dreams

Remembering the San Mateo County Community Colleges Foundation in your estate plans will have a lasting impact on the District’s students and the programs that are important to you. Your estate gift can establish a permanent endowment or make funds available for current use at the time of your passing. To join the Foundation's Legacy Society, please download and fill out this form, and return it to the Foundation.

Types of Legacy Gifts

A simple, flexible and versatile way to ensure we can continue our work for years to come is a gift in your will or living trust, known as a charitable bequest. Your gift also entitles your estate to an unlimited federal estate tax charitable deduction. Where possible, please bring the bequest to the attention of the Foundation by downloading, filling out, and sending the Legacy Society form to the SMCCCF
Support the San Mateo Community Colleges Foundation’s mission by naming the Foundation as a beneficiary to receive assets such as retirement plans and life insurance policies after you're gone. You simply fill out a form that is entirely separate from your will. You can review and adjust beneficiary designations anytime you want which means you aren't locked into the choices you make today. You can name the Foundation as a beneficiary of the following assets:
  • Retirement plan assets
  • Life insurance
  • Commercial annuities
  • Bank accounts, certificates of deposit, or brokerage accounts

Charitable Gift Annuity
A gift that allows you to achieve both your philanthropic goals and financial security. You can support the San Mateo Community Colleges Foundation’s work while receiving fixed payments for life with a charitable gift annuity. You can also receive a variety of tax benefits, including a federal income tax charitable deduction

Charitable Remainder Trust
A way of making a significant gift and receiving reliable payments when you’ve built up a sizeable estate. Benefits of a charitable remainder trust include:

  • A partial charitable income tax deduction
  • Potential for increased income
  • Up-front capital gains tax avoidance

There are two ways to receive payments with Charitable Remainder Trusts:

  1. The Annuity Trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
  2. The Unitrust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is predetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

If you have a loved one who has been impacted by any of the three colleges in the District, establishing a memorial or tribute gift is a meaningful way to honor your loved one or celebrate a special occasion such as a birthday while supporting the work of our mission. Your memorial or tribute gift will be a lasting tribute to your loved one and make a difference in the lives of those we serve.

An endowment gift, such as an endowed scholarship, to the Foundation today provides a brighter picture for our future. When you make an endowed gift, you give with both immediate and long-term benefits.Here's how it works: Endowment donations are invested. A portion of the annual income from the investment is used to fund student scholarships now. The remaining funds are reinvested to ensure indefinite scholarship support.

Donating real estate is a way of making a big gift to the Foundation without touching your bank account. Such a generous gift helps us continue our work for years to come. And a gift of real estate also helps you. When you give us appreciated property you have held longer than one year, you get a federal income tax charitable deduction. You avoid paying capital gains tax. And you no longer have to deal with that property's maintenance costs, property taxes, or insurance.You can give real estate to the Foundation in the following ways:

An Outright Gift

When you make a gift today of real estate you have owned longer than one year, you obtain a federal income tax charitable deduction equal to the property's full fair market value. This deduction lets you reduce the cost of making the gift and frees cash that otherwise would have been used to pay taxes. By donating the property to us, you also eliminate capital gains tax on its appreciation. Furthermore, the transfer is not subject to the gift tax, and the gift reduces your future taxable estate.

A Gift in Your Will or Living Trust

A gift of real estate through your will or living trust allows you the flexibility to change your mind and the potential to support our work with a larger gift than you could during your lifetime. In as little as one sentence or two, you can ensure that your support for the Foundation continues after your lifetime and that your estate will benefit from a federal estate tax charitable deduction.

A Retained Life Estate

You can transfer your personal residence or farm to the Foundation but keep the right to occupy (or rent out) the home for the rest of your life. You continue to pay real estate taxes, maintenance fees and insurance on the property. Even though we would not actually take possession of the residence until after your lifetime, since your gift cannot be revoked, you receive an immediate federal income tax charitable deduction for a portion of your home's value.

A Bargain Sale

When you make a bargain sale, you sell your property to our organization for less than what it's worth. The difference between the actual value and the sale price is considered a gift to us. A bargain sale can be an effective way to dispose of property that has increased in value, and it is the only gift vehicle that can give you a lump sum of cash and a charitable deduction at the same time.

A Charitable Remainder Unitrust

You can contribute any type of appreciated real estate you've owned for more than one year, provided it's unmortgaged, in exchange for an income stream for life or a term of up to 20 years. The donated property may be a residence (a personal residence must be vacant upon contribution), undeveloped land, a farm or commercial property. Real estate works well with only certain variations of charitable remainder trusts. Your estate planning attorney, who will draft your trust, can give you more details.

A Charitable Lead Trust

This gift can be a way for you to benefit the Foundation and simultaneously transfer appreciated real estate to your family tax-free. You should consider funding the charitable lead trust with real estate that is income-producing and expected to increase in value over the term of the trust.

A Memorial or Endowed Gift

A gift of real estate may be a perfect way to honor your loved one in perpetuity. When you make an endowed gift of real estate, your contribution is invested with and becomes part of our endowment. An annual distribution is made for the purpose you designate. Because the principal remains intact, the fund will generate support in perpetuity.

You can benefit from the tax savings that result from supporting the Foundation while not giving up any assets that you'd like your family to receive someday with a charitable lead trust.

There are two ways Charitable Lead Trusts make payments

  • A Charitable Lead Annuity Trust pays a fixed amount each year to the Foundation and is more attractive when interest rates are low.
  • A Charitable Lead Unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to the SMCCC Foundation go up as well.
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is a simple and tax efficient way to make a gift to the Foundation. A gift of retirement plan assets allows you to avoid potential income tax on these assets. Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis. And, you may receive estate tax savings from an estate tax deduction.

For more information, please contact Tykia Warden, Executive Director, at 650.358.6860 or

We strongly suggest you seek the advice of your financial or legal advisor when planning a legacy gift. If you include the Foundation in your plans, please use our legal name and Federal Tax ID: 

Legal Name: San Mateo County Community Colleges Foundation
Address: 3401 CSM Drive, San Mateo, CA 94402
Federal Tax ID Number: 94-6133905

Your Legacy is our future