Give to LASC

Gifts of cash provide you with an immediate tax saving. Cash gifts to the LASC Foundation may be made by check or money order. A gift made by check or money order should be made payable to the Los Angeles Southwest Foundation and mailed to the address shown below:

Los Angeles Southwest College Foundation
1600 West Imperial Highway
Los Angeles, CA 90047

A gift may also be made by credit card (MasterCard, VISA and American Express). Please call (323) 241-5273.

Gifts of other appreciated property, including real estate or securities, provide attractive tax benefits for you, the donor. You can avoid capital gains tax on long-term holdings, and you may claim the full market value of the securities at the time of the transfer as a deduction to your income for the year in which the gift is made.

Gifts of materials or other usable or marketable, tangible items, valued by you, are accepted only after they have been evaluated by the business office of the college and upon recommendation of the President of the College. You will be requested to provide detailed information, including make, model, serial number, purchase price, age, etc. about the item being donated. This will be recorded on the appropriate form.

Assets of cash, securities or real estate are transferred to a trust and removed from your taxable estate. The trust pays a fixed percentage of the trust's assets as income to the beneficiary/donor each year. If appreciated, long-term assets are used to fund the trust, capital gains tax otherwise due if the asset were sold is avoided. In addition, the you will receive a substantial charitable contribution deduction in the year the trust is funded.

A bank account may also be opened in trust for the Foundation. You may add or subtract from the account at any time and all interest earned is yours. In the event of death, the account would automatically be given to the Foundation.

If you have questions about any of the above described plans or you have a special situation you wish to discuss, please contact the Foundation Office at (323) 241-5273. We welcome the opportunity to discuss charitable gifts with you and/or your advisors.

A Bequest in your will is an excellent method of providing an educational legacy that continues to grow over time to benefit future generations of students. Another method is a contingent bequest that allows you to designate that your estate goes to your spouse or family if they survive you. If there were no survivors, your estate would then go to Los Angeles Southwest College Foundation.

A prospective donor who owns an insurance policy that is no longer needed for its original purpose may gift it to the Los Angeles Southwest College Foundation. The Foundation must both own and be named the beneficiary of the policy. In general, you will be entitled to an income tax deduction for the cash surrender value and can deduct the amount of future premiums paid to the LASC Foundation. The gift amount credited to the college will be the face value of the policy.

A gift of your personal residence, farm, vacation home, commercial property or undeveloped land offers you valuable income tax and estate tax savings. An immediate charitable tax deduction may be realized, for example, by deeding your home or other real estate to the Foundation, while retaining the right to live in the home or retain its use during your lifetime.