The following information is provided to assist you in developing your charitable gift and estate plans in consultation with your attorney, accountant and other advisers.
Designating Your Bequest
Bequests are among the most popular and easiest ways to make a planned gift. Gifts made through wills and revocable trusts are often directed to the university's permanent endowment. Endowments are a particularly effective way to leave a lasting legacy, since the earnings accrued on endowed gifts support SCA in perpetuity.
Your bequest may be unrestricted - to be used at the discretion of the dean for SCA's highest priorities - or you may designate your bequest to support a specific program, such as a student scholarship, an endowed faculty chair or professorship. You may make your gift in your own name, or you may memorialize a loved one with your contribution.
Language for Including USC in Your Will or Living Trust
The University of Southern California recommends the following language for making a gift to USC by will or revocable trust:
"I hereby give to the University of Southern California, a California not-for-profit corporation, with its principal place of business at Los Angeles, California:
The sum of $________________ [amount]
AND/OR The following described property: ________________ [description]
AND/OR ____% [percent] of the residue of my estate
to be used for ________________ [stated purpose] of the School of Cinematic Arts at the University of Southern California."
If your bequest will be more than $250,000, you may wish to create a named endowment fund by including the following language:
"The property comprising this gift may, for investment purposes, be merged with any of the university's investment assets. However, the gift shall be entered in the university's books and records as the ________________ [name] Fund, shall always be so designated, and the income therefrom, but not the principal, shall be used for ________________ [stated purpose] of the School of Cinematic Arts at the University of Southern California."
Your support really matters. Thank you!