Legacy of Service: Support DVC Students Through a Charitable Gift Annuity
April, 2025
November, 2025
This Veterans Month, we’re reminded that service takes many forms. A Charitable Gift Annuity is one way to continue a legacy of giving—offering you lifelong income and tax benefits while ensuring future students at Diablo Valley College have the opportunity to learn, grow, and serve in their own ways. It’s a gift that honors the past and invests in the future.
Here's why a Charitable Gift Annuity may be the right giving option for you—and how it helps Diablo Valley College students...
What is a Charitable Gift Annuity?
A Charitable Gift Annuity (CGA) is a simple agreement between you and the Community College League of California. In exchange for your gift of cash, stock, or other assets, you receive fixed payments for life. At the end of the contract, the remaining funds go to the Diablo Valley College Foundation, ensuring your legacy supports local students for years to come.
Why Choose a CGA?
Here are some of the advantages:
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• Income for Life – guaranteed payments for as long as you (or you and a spouse) live.
• Tax Benefits – a significant portion of your gift qualifies for a charitable deduction, and much of your annuity income may be tax-free.
• Flexibility in Giving – fund your annuity with cash, CDs, or appreciated securities. Donating stock may allow you to avoid or defer capital gains taxes.
• Accessible – a CGA can be established with as little as $10,000.
Make the Most of Your Retirement Funds
If you are age 73 or older, you are required to take annual Required Minimum Distributions (RMDs) from your traditional IRA. These withdrawals are taxable and can increase your annual income tax liability.
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By directing all or part of your RMD to fund a Charitable Gift Annuity, you can:
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• Reduce Your Taxable Income – the charitable deduction from establishing the annuity can offset some of the taxable impact of your RMD.
• Convert Retirement Assets into Steady Income – instead of a one-time taxable withdrawal, you receive fixed payments for life.
• Leave a Lasting Legacy – the residual value of your annuity supports Diablo Valley College Foundation programs and scholarships long after your lifetime.
Real Benefits at Every Age
The payout rate increases with age. For example, a $10,000 gift from a 70-year-old donor could provide $470 annually, with a large portion tax-free, plus an immediate charitable deduction of more than $4,000.
Why DVC?
By choosing the Diablo Valley College Foundation as the beneficiary of your Charitable Gift Annuity, your generosity directly impacts students in our community. Your support funds scholarships, academic programs, and initiatives that open doors for students of every background.
Leave a Legacy That Lasts
A CGA is more than a donation—it’s a partnership. You gain peace of mind through reliable income and tax advantages, while creating long-term opportunities for DVC students to achieve their educational and career goals.
To learn more about establishing a Charitable Gift Annuity that benefits the Diablo Valley College Foundation, please contact DVCFoundation@dvc.edu or visit the Community College League of California at www.ccleague.org.