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Home » Ways to Give

Ways to Give

There are many ways you can make charitable contributions to Life Chiropractic College West and invest in its mission, its students, and its future.

Cash Gifts

Cash donations, whether by check, credit card, or electronic transfer, are the easiest way for most donors to give to Life Chiropractic College West.

Pledges

A pledge is a form of gift enabling donors to make contributions on a set schedule over an agreed upon length of time, usually several months to a few years. This often allows donors to commit to an amount larger than they might otherwise be able to make with a onetime gift. The Office of Institutional Advancement has the ability to accommodate pledge payment schedules suiting most circumstances.n

Gifts of Appreciated Securities Such as Stocks, Mutual Funds, or Bonds

Donating highly appreciated securities such as stocks, bonds, or mutual funds is often a wise decision when seeking to maximize the impact of your contribution. The tax benefits for you and the impact on Life West can be substantial. If securities owned more than one year have appreciated in value, you will bypass the capital gains tax and enjoy a federal income tax deduction for the full, present day value of the securities.

Be sure to consult your financial advisor to ensure a gift of securities is the best approach for your personal financial situation.

Real Estate

Given the dynamic real estate market over the past several years, a donation of real estate may be beneficial to both you and to Life West. In order to continue our mission, LCCW will consider on a case-by-case basis accepting the gift of a home, vacation property, condominium, apartment complex, undeveloped land, or other real estate.

Life Insurance

Have a life insurance policy created specifically designed to pay federal estate tax liability and thus saving principal of the estate for your heirs? With the estate tax now at $11.2 million per person, transferring the policy to Life West may provide a tax-wise benefit to both you and the College

Or, Donors who own paid up life insurance policies no longer needed for their original purpose may donate the policy by transferring ownership to Life West. Generally, the donor will be entitled to an income tax deduction for the cash surrender value.

Discuss these and other option with your insurance agent.

Wills, Trusts and Planned Giving

Please include Life Chiropractic College West in your final estate plans. The three most popular options include:

  • Stipulating a specific amount to be directed to Life West.
  • Stipulating a percentage of your estate to be directed to Life West.
  • Designating to Life West the “remaining” portion of your estate that is left over when all other obligation have been addressed.

Trained financial advisors can provide you with additional estate planning options that are appropriate for your individual situation. Be sure to contact your attorney or financial advisor to discuss any impacts a charitable contribution may have on your taxes and estate.

IRA Charitable Rollover

DONATE UP TO $100,000 – IRA Charitable Rollover

Donors who are 70 ½ years old may transfer up to $100,000 every year from their Individual Retirement Account (IRA) to a qualified charity such as Life Chiropractic College West without having to recognize the distribution as income.

To take advantage of this charitable donation vehicle speak with your IRA plan administrator and instruct him or her to transfer funds directly to Life Chiropractic College West, without you taking possession of the funds. This “qualified charitable distribution” will then be excluded from your adjusted gross income.

What are the tax implications?

  • Federal — You do not recognize the transfer to Lift West as income, provided it goes directly from the IRA administrator to Life West; therefore, you are not entitled to an income tax charitable deduction for your gift. However, the offset to your Required Minimum Distribution may yield a more favorable tax position than donating the funds then claiming a deduction.
  • State — Each state has different laws, so you will need to consult your own financial advisors.

Does this transfer qualify as my required minimum distribution?

Once you reach age 70½, you are required to take required minimum distributions from your retirement plans each year, according to a federal formula. IRA Charitable Transfers count towards your minimum required distribution for the year in which you make the gift.

MEDICARE BENEFIT
Deductions may also positively impact your Medicare premiums costs and allow you to save on your monthly payments.

Please seek the advice of your financial advisor to determine whether an IRA Charitable Rollover is the appropriate vehicle for your charitable giving..

Be sure to consult your financial advisor to ensure your donation is the best approach for your personal financial situation.

For questions on how to donate, please contact the
Office of Institutional Advancement
Tom Hyland, Director of Institutional Advancement
(510) 780-4545, Ext. 2060
thyland@lifewest.edu

  1. The value of the transaction will be recognized on the day ownership of the stock is completed.
  2. Inform your stockbroker of the following information:
    • Our official name: Life Chiropractic College West
    • Tax ID #: 94-2382546