Meet our 2013 Bridges Scholarship Recipients!

Jasmine Mallen and Gerardo Flores

Bridges Academy Endowed Scholarship recipients Jasmine Mallen and Gerardo Flores

On Dec. 4, 2013, the two recipients of the 2013 Bridges Academy Endowed Scholarship joined members of the Bridges Academy for the annual holiday luncheon. Jasmine Mallen and Gerardo Flores of the Class of 2015 received the largest scholarships the endowment has produced so far! The Bridges Academy scholarship fund's growth allowed Jasmine and Gerardo to each receive $2,500 toward the cost of their education, an amount that is more than double the original scholarships that the fund produced in 2005.

Meet Jasmine Mallen
Jasmine shared that her three years at the University of San Diego so far have been "nothing but positive." Growing up in the Logan Heights community of San Diego and attending the Academy of Our Lady of Peace, Jasmine focused on obtaining a quality education. She chose USD for the beauty of the campus, the small class sizes, and the many opportunities for service and involvement-all in a community that allowed her to uphold her Catholic faith.

She became involved on campus, working with Student Support Services, MEChA and off-campus tutoring. When speaking of her experience tutoring homeless students at the Monarch School downtown, Jasmine says, "It is important to do what we can to help others reach their full potential."

She hopes to use her USD degree in sociology to better the community and would like to work for the City of San Diego "to make sure that programs such as the Monarch School continue to be funded and help the future members of our society."

Meet Gerardo Flores
Gerardo grew up in Tijuana, Mexico, and remembers seeing the University of San Diego on trips to Mission Beach during his childhood. He transferred to USD a year ago after attending community college in San Diego.

As a student at Grossmont-Cuyamaca College, he discovered a passion for theater. He chose to attend USD after visiting the campus and feeling the strong sense of community, spirituality and values that he had initially overlooked when applying for a four-year institution. Need-based scholarships make his attendance possible, and Flores says, "Thanks to you, I feel that I can truly take advantage of all the opportunities USD has to offer."

Gerardo aims to pursue a career in acting, directing or producing, and possibly creating his own theater company. He shares, "I have learned that theater is much more than just entertainment and a business, but that it also has the power to bring forth dialogue and to build and strengthen a society."

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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 give to the University of San Diego, a nonprofit corporation currently located at 5998 Alcala Park, San Diego, California, 92110-2492, or its successor thereto, ______________ [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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 may qualify for a federal income tax charitable deduction when you itemize. 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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