Planned Giving

A planned gift to Boalt Hall serves several purposes.  It helps satisfy personal financial-planning needs and it provides the law school with important long-term support.

Planned giving options include:

Bequests are provisions in your will or living trust that direct a portion of your estate. A bequest to Boalt qualifies your estate for a charitable deduction that can reduce estate tax liability. Bequests can provide a specific monetary amount, property, or percentage of your estate. Residual and contingent bequests provide first for your family, and then, circumstances permitting, for the law school.

Charitable Remainder Trusts (CRTs) allow you to transfer money or property to the UC Berkeley Foundation. The foundation makes payments to you or your beneficiaries for a lifetime or for any period of time. When these payments end, the trust assets pass to Boalt to be used as you specified.  CRTs offer federal income and estate tax deductions for gifts benefitting charities and educational entities.  And if appreciated assets are used to fund a CRT, the donor avoids capital gains tax.

Charitable Gift Annuities are contracts between an individual and a charitable organization such as Boalt Hall. In exchange for a gift of cash or property to Boalt, you or the person of your choice will receive an annuity that pays a fixed sum for life. Annuity payments can begin immediately or at a later date.

Pooled Income Funds work like mutual funds. Gifts from a group of Boalt alumni and friends are managed and invested jointly and all income earned by the fund is paid out quarterly in proportionate shares to its participants. Four funds with varied investment objectives are available.

Real Estate gifts entitle the donor to an income tax deduction for the property’s full appraised fair market value.  Almost any marketable real estate is suitable for a charitable gift, including personal residences, commercial buildings, and forest land.  Unencumbered property is preferable and generates the greatest tax benefit.

Retirement Assets often exceed expectations—and increase tax burdens.  Taxes, which sometimes exceed 70%, can erode assets when left to heirs outright.  Making a charitable gift of retirement assets reduces this tax burden.

If you have any questions about making a gift to Boalt, please contact the Alumni Center at 510-643-8170 or email giftplanning@law.berkeley.edu.