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Planned Giving

A Sure Thing

Robert and Ada Loewer San Jose State Professor Emeritus Robert Loewer and wife Ada left their snow shovels and galoshes in their native Buffalo, New York, banking on California's certain sunshine. That was nearly 50 years ago. Now they're betting on San Jose State. 

"Almost everyone can find a few dollars to invest in a sure thing," says Robert of San Jose State's charitable gift annuity program. "We get far more than we give." 

The Loewers say the tax advantages and annual income from their charitable gift annuities are great. Being able to support San Jose State through the Lucas College and Graduate School of Business and Dr. Martin Luther King, Jr. Library is an added bonus. Robert fondly remembers the fun he had during his 29 years teaching in the Lucas College and Graduate School of Business, and Ada thinks the library is a wonderful facility. 

"The premise of a joint venture between the university and the city is very interesting," says Ada, a craft-maker who enjoys the art throughout the library. "King Library has so much to offer, regardless of your age or interests." 

The Loewers' many interests have taken them far, but the couple always returns to San Jose. Since retiring in 1990, there's been time for floating in hot air balloons over Utah, strolling beside Texans along San Antonio's River Walk, and learning to cook up New Orleans-style Cajun and Creole delights. But most Fridays amid the crunch-crunch of popcorn and dancing lights of the big screen the Loewers can be found having "date night" at Camera Cinemas in downtown San Jose. Catching up with San Jose State friends in the emeriti faculty group on trips—like the recent one to the California Academy of Sciences—or at the Heritage Society luncheons is a sure bet, too. 

"San Jose State has given us plenty of memories and provided us with a multitude of friends among the faculty, staff and students," says Robert. "It has always seemed like a second home to us."

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to San Jose State a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to San Jose State, a nonprofit corporation currently located at San Jose, CA, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to SJSU or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to SJSU as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to SJSU as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and SJSU where you agree to make a gift to SJSU and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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