Planned Giving

There are many types of planned gifts that may meet your estate planning needs. Gifts of this type will be of tremendous support to charities of your choice.

Types of Planned Gifts

Cash: A gift of cash will, in most cases, provide tax savings and reduce estate taxes.
Bequests: By providing for the PCC Foundation in your will, you demonstrate your commitment to the College and its mission. At the same time, a charitable bequest can reduce the size of your estate that is subject to taxes.
Life Insurance: You can irrevocably name the PCC Foundation the owner and beneficiary of an existing life insurance policy and receive an immediate tax deduction.
Retirement Plan Assets: The use of retirement plan assets as a source of charitable gifting is largely overlooked. Assets accumulated in a qualified retirement plan or IRA at the time of death constitute income. The proceeds are considered income in respect of a decedent and are taxable to the beneficiary when received. An outright gift of retirement plan assets to PCC Foundation avoids taxes on those assets altogether.
Equipment, Collectibles or Art: These gifts to the PCC Foundation can provide a tax deduction for the fair market value of the item.
Appreciated Property and Securities: You may own securities or real estate that have appreciated significantly in value. Selling the asset would result in a large capital gains tax liability. By donating the property to the PCC Foundation, you receive a charitable tax deduction and avoid capital gains tax.
Charitable Gift Annuity: A charitable gift annuity will allow you to make a significant gift to the PCC Foundation that will provide you or someone you designate with a guaranteed annual income. The income from the charitable gift annuity can be deferred until you retire. A gift in the form of cash, securities or other property can be used to fund a charitable gift annuity, from which you receive a charitable tax deduction, enjoy an annual income and make a meaningful gift to the PCC Foundation.
Charitable Remainder Trust: CRT’s can be established to hold your property in trust to pay income to you or to others whom you may name over your lifetime or a term of years.
Portland Community College Foundation Legacy Society: Membership in the PCC Foundation Legacy Society is extended to anyone who makes a planned gift of $5,000 or more to the Foundation. In addition to supporting PCC programs and services, a planned gift to the PCC Foundation can provide benefits to the donor and heirs.
Professional Advice: In order to enjoy the tax deduction benefits of any of the planned gifting methods, it is important to seek the advice and counsel of a professional who specializes in estate planning. The planned giving professionals at the PCC foundation would be happy to work with you and your adviser to determine the most appropriate method of gifting to the Foundation for your particular circumstances.

In addition to providing a meaningful gift to PCC, you can structure a planned gift to meet other goals including:

Create a portion of tax-free income
Avoid capital gains on appreciated property
Reduce estate tax liability for your heirs
Increase current or future retirement income
Pass assets intact to heirs
Plan strategies for future income
Endow a program or project in which you have a special interest
Donate a larger gift to the PCC Foundation than current income permits

The PCC Foundation will use your gifts in the most appropriate manner. While you may designate a specific use for your gift, an unrestricted gift or bequest affords the PCC Foundation the flexibility to respond to the greatest needs.