About USC Gould
USC Gould is a top-ranked law school with a 115-year history and reputation for academic excellence. We are located on the beautiful 228-acre USC University Park Campus, just south of downtown Los Angeles.
Learn about our rigorous and interdisciplinary curriculum, our invaluable experiential learning opportunities, and the breadth and depth of our specialized areas of concentration and certificate offerings.
- Student Life
Participate in an unparalleled learning experience with diversity of people and thought. Get involved in the law school community and participate in activities that enhance your studies.
We work closely with students, graduates and employers to support successful career goals andoutcomes. Our overall placement rate is consistently strong, with 94 percent of our JD class employed within 10 months after graduation.
Our faculty is distinguished for its scholarship, as well as for its commitment to teaching. Our 12:1 student-to-faculty ratio creates an intimate and collegial learning environment.
- Alumni and Giving
Alumni and Giving
The global Trojan network of more than 10,000 law alumni and donors include recognized leaders in numerous fields who are deeply committed to supporting student and law school success.
Giving to USC Gould
- Welcome to Gift Planning
- Types of Planned Gifts
- Assets to Give
- Gould Heritage Society
- Donor Stories
- Life Stage Gift Planner™
- Compare Gift Options
- Bequest Language
- Request a Calculation
- CA Estate Planning Resources
- Newsletter Sign-Up
- Request eBrochures
- Contact Us
Gifts That Protect Your Assets
This type of gift arrangement allows you to direct gifts to USC Gould for a specified period of time and, in turn, receive either a charitable deduction now for gifts made in subsequent years or a reduction in gift or estate taxes on property you wish to pass to heirs.
Under the nongrantor plan, you irrevocably transfer assets to a trustee and provide that payments be made to USC Gould for a certain number of years (or until the end of your or another's life). Then the principal is distributed to your children, grandchildren, or other heirs. The principal passes to your heirs at greatly reduced gift- and estate-tax rates and sometimes escapes them altogether. The charitable lead trust may appeal to individuals who wish to make a gift but retain the property in their family.
Charitable lead trusts (CLTs) are simple in concept but are complex gift- and estate-planning devices because of the many technical drafting requirements of the IRS. We recommend you consult an attorney who specializes in trusts and estates and has experience with CLTs.
There are two types of charitable lead trusts: the grantor lead trust and the more popular nongrantor lead trust, which was made famous by the late Mrs. Jacqueline Kennedy Onassis.
Most donors who use CLTs to accomplish their philanthropic and estate-planning objectives opt to create a qualified CLT. Many requirements must be met for a CLT to be qualified, but here are a few major considerations:
- The payments (gifts) to USC Gould must be an annuity interest (fixed-dollar amount annually) or unitrust interest (fixed percentage of the fair-market value of the trust assets determined annually). There are no minimum or maximum payout rates.
- The term of the trust (the number of years in which gifts will be made) must be measured by the life or lives of a person or persons living when the trust is created or a specified number of years.
- The charitable beneficiary must be an organization described in the appropriate sections of the IRS Code. USC Gould is a qualified charitable organization.
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