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A Passion for Education Helps Write a New Chapter of Opportunity for USD Students

Dolores JuditzDolores Juditz is a staunch supporter of education and for providing opportunities to those who may not have the financial resources necessary to attend a nationally prominent academic institution like the University of San Diego. To that end, she has contributed to USD's Bridges Endowed Scholarship Fund, and takes great pride in witnessing the immediate and indelible impacts her donations make in the lives of deserving students.

Dolores was able to make her donation through the IRA charitable rollover legislation, which allows individuals who are 70½ or older to donate up to $100,000 from their IRAs and Roth IRAs to public charities without having to count the distributions as taxable income.

Dolores' own life experiences motivated her to make the charitable contribution. "I know that when my kids went to school, they needed a lot of things, and at the time I really couldn't provide that on my own," she explains. "I'll always be extremely grateful for the support my family received, and I want to ‘pay it forward,' as the kids say these days."

Dolores and other donors have found that making charitable gifts in this manner is very tax-wise. Not only is this gift tax-free*, it also counts towards the annual minimum distribution requirement. For charitable-minded IRA owners, making gifts from their IRA may make more sense than writing a check.

If you are interested in taking advantage of this opportunity to make a positive impact on the University of San Diego, you are encouraged to first notify us of the gift before you make the distribution. We can provide special instructions for your IRA administrator. If you have any further questions about the IRA charitable rollover opportunity, please contact John Phillips at (619) 260-4523.

*Please note that the tax-free status applies only if the charitable distribution check is issued by your IRA plan administrator to the university - not to you.

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Planned Giving
Degheri Alumni Center 206
5998 Alcalá Park
San Diego, CA 92110

Phone: (619) 260-4523
Fax: (619) 260-4621
jphillips@sandiego.edu

A charitable bequest is one or two sentences in your will or living trust that leave to the University of San Diego a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to the University of San Diego [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to USD or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to USD as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to USD as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and USD where you agree to make a gift to USD and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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