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1501 Mendocino Ave.
Santa Rosa, CA 95401-4395
A bequest is a gift of any amount or form made to the Santa Rosa Junior College Foundation for the benefit of SRJC in a donor’s will. Bequests may provide for a specific dollar amount in cash, percentage of estate, specific securities, specific articles of tangible personal property, or be established as indicated in the section on “Outright Gifts.” A gift in any amount may be accepted as a contribution to an existing fund so long as the terms and conditions of the existing fund so permit.
Among donors’ options are residuary and contingent bequests. A residuary bequest will give the SRJC Foundation all or a portion of the estate after all debts, taxes, expenses, and all other bequests have been paid. A contingent bequest will ensure that, despite unforeseen circumstances, specified property will pass to the SRJC Foundation rather than unintended beneficiaries.
In order to expedite Estate distributions, a provision in the Donor’s will or trust agreements should include the statement…”To the Santa Rosa Junior College Foundation for the benefit of Santa Rosa Junior College.”
Donors may also establish, by will, an annuity trust or unitrust. The bequest can be arranged so as to provide a life income for a designated beneficiary by directing that the bequest be used to establish a charitable remainder annuity trust or charitable remainder unitrust. If such a gift is made by will, the principal will pass to the SRJC Foundation only after the death of the life income beneficiary.
Gifts may be made to the SRJC Foundation for the College through the execution of a new will or addition, or through a codicil to an existing will. Donors may also add either a residual or contingent gift through a codicil in their wills.
Donors are encouraged to recognize that over the many years following the establishment of an endowment, the needs, policies, and circumstances of the College can change in unforeseen ways. The SRJC Foundation and the College administration must have the flexibility to make use of funds in the best interest of the institution and in accord with donor interests and specifications. Thus, donors are advised to describe the specific purpose of their gifts as broadly as possible and to avoid detailed limitations and restrictions. Donors considering bequests for a specific purpose are encouraged to consult the Executive Director of the SRJC Foundation. The inclusion of a flexibility statement is most desirable.
Charitable Gift Annuity
Charitable Remainder Unitrust with SRJC Foundation as Trustee
Charitable Remainder Annuity Trust with SRJC Foundation as Trustee
Charitable Lead Trust
Retained Life Estate
Gifts of Retirement Plan Interests