Give real estate. One's home, vacation property, rental unit or business location may be an ideal asset for a wise charitable gift. Give your home, retaining the right to live in it. This life estate gift provides you immediate income tax benefits, while reserving for you and your family most of the privileges of home ownership. Establish a revocable trust in which you fully retain all your assets, but name SJSU as beneficiary after the trust benefits you and your family.
Life insurance is often an inexpensive gift.
Consider a paid up policy no longer needed to protect one's family or naming the university as successor beneficiary should the named beneficiary die before the insured. A life income gift is one by which your gift establishes a charitable remainder trust. The trust invests the gift, paying quarterly income to one or two named beneficiaries. There are immediate income tax benefits, plus later estate tax reductions. An SJSU Charitable Remainder Trust comes in several different forms, which can be tailored to fit one's individual situation.