There are many different ways you can make a planned gift in
support of the California Science Center Foundation. Some
of these options can also provide financial benefit to you
and your family during your lifetime. Gifts of all sizes
are important to sustain the growth and development of the
Science Center. Your planning today helps ensure future
support of science learning and education!
Planned giving can be as simple as making a bequest through
your will or designating the California Science Center Foundation
as a beneficiary of a retirement plan or life
insurance policy. You can give through
a charitable trust or make a life
estate gift with your personal residence.
make a planned gift to support the California Science Center’s
mission become members of the Legacy
for Science Learning Society. These special
friends are recognized for inspiring science learning in future
For more information, please call (213) 744-2288.
Regardless of the size of your estate, a charitable gift in
your will is simple to prepare. You may designate the
California Science Center Foundation as the recipient of
a specific dollar amount, a percentage of your estate, personal
or real property and indicating that the gift be distributed
to: “the California Science Center Foundation, a California
nonprofit corporation, to be used for its general charitable
Your retirement plan may be among the most rapidly growing
assets in your estate. Most grow tax-free; the minimum
withdrawals are modest and provide both retirement income
and liquidity. However for children or other individual
heirs of a retirement plan, it is not nearly as desirable
as other assets and frequently is subject to a very large
income tax and estate tax assessment. Potentially up
to 70% of the value in your retirement plan could be lost
assets, like your retirement plan, are an excellent choice
for transfer to charities. When transferred to
the California Science Center Foundation through your estate
plan, we will receive your retirement plan without payment
of income tax and your loved ones may receive tax benefits.
Life Insurance Policy
If you own a life insurance policy that is paid up, you can
designate the California Science Center Foundation as the
owner of the policy, and receive an immediate tax benefit. A
small tax-deductible investment is able to provide significant
benefits for the future of the Science Center.
You can establish a tax-exempt charitable trust and transfer
highly appreciated assets or cash into it. The trust
can sell the assets at full market value and then reinvest
100% of the sale proceeds to provide you with more lifetime
income and tax-free growth. The amount of income that
you will receive from the trust will depend on (1) your needs;
(2) the value of the property contributed to the trust; and
(3) your age and life expectancy.
to receiving the capital gains tax savings and lifetime income
benefits from the charitable trust, the IRS also provides
a current charitable income tax deduction. You
can take an immediate charitable income tax deduction and remove
a highly appreciated asset from your estate, saving income
and estate taxes. At death, the principal of the trust
assets will go to the California Science Center Foundation.
Substantial tax benefits can be realized when you make a gift
of your residence to the California Science Center Foundation
in the form of a life estate gift. In a life estate
gift arrangement, you live in your home for your lifetime,
and upon your death the California Science Center Foundation
takes possession of the property. Farms and vacation
homes also qualify. Creating a life estate gift involves
a simple transaction of creating a new deed. You can
make a future major gift to the Science Center Foundation
and receive a charitable deduction now.
Legacy for Science Learning Society
The Legacy for Science Learning Society recognizes
individuals who have made provisions for the California Science
Center Foundation in their will or other estate plans. By
including a gift to the Science Center in your will, living
trust, or other estate plans, you can help ensure that the
Science Center will inspire science learning in youth and families
for generations to come.
members will enjoy an annual luncheon and other special event
become a member by providing written confirmation that simply
states your intention to include the California Science Center
Foundation in your estate plans. For more information
on planned giving or the Legacy for Science Learning
Society, please call (213) 744-2288.