Gifts That Reduce Your Taxes

Photo © David Schmitz

Help enrich the lives of our students with the necessary knowledge and skills to apply their creativity in the service of our society. Make these generous gifts now and receive tax benefits to enjoy for yourself.

Life Insurance Policy Gift

Do you have a life insurance policy that has outlasted its original purpose?  You can name Tower Foundation of San Jose State as owner and beneficiary of a fully paid new or existing policy (minimum death benefit of $100,000).  You may receive an income tax deduction and reduce your future estate tax liability.

Gifts of Real Estate

You may donate real estate, such as a home, vacation property, undeveloped land, farmland, ranch, or commercial property.

Potential benefits:

  • Avoid the hassle of selling property.
  • Receive an income tax deduction.
  • Avoid capital gains tax.
  • You might live in your home or use your properties for the rest of your life while receiving monthly payments from San Jose State.
  • Be enabled to make a bigger charitable gift than you ever thought possible.

Gifts of Securities

You can use stocks, bonds, and mutual funds that have appreciated in value to continue to provide the resources to help our students succeed. You may receive a charitable income tax deduction for the full market value of the stock (up to a maximum of 30 percent of your adjusted gross income) and avoid paying the capital gains tax on any increase in the value of the stock.

Potential benefits:

  • You may receive a charitable income tax deduction for the full market value of what you give (up to a maximum percentage of your adjusted gross income as dictated by tax law).
  • You could avoid paying capital gains tax on any increase in the value of the stock you give.

Savings Bonds

When you redeem savings bonds, you or the person you leave your bonds to will owe income tax on the gains. By giving the bonds to SJSU, we will receive the full value of your savings while you could reap the following potential benefits:

  • You might eliminate the income tax on bonds you own that have stopped earning interest and that you plan to redeem.
  • You may receive a charitable income tax deduction for the full market value of what you give (up to a maximum percentage of your adjusted gross income as dictated by tax law).
  • You could possibly avoid paying the capital gains tax on any increase in the value of the bonds you give.
PHOTO: David Schmitz

“You hear people say they are ‘self-made,’ that they accomplished everything themselves. No one ever achieves anything entirely by themselves. I always felt if there were some opportunity for us to provide help to somebody else, I would like us to do it.”

Jim and Louise Dunaway

Have Questions? I'm Here To Help!

Randy Balogh

Randy Balogh

Director of Planned Giving
408-924-1123
randy.balogh@sjsu.edu

The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, it is expressly recommended that you consult an attorney, financial advisor or other qualified professional.