Also In This Section: Make a Gift Online

Types Of Gifts

Gifts of Cash
A gift of cash is available immediately for use by the College and, in most cases, is fully deductible for donors who must file federal income taxes.

Gifts of Securities
Gifts of equity securities (stocks) may also be donated to the College. Please consult your financial advisor for gifting instructions and information.

Online Giving By Credit Card
A quick and easy way to make a gift to ELAC is with a credit card. The Foundation accepts VISA, MasterCard, American Express, and Discover. A credit card gift often provides flexibility for donors who wish to make larger gifts by spreading payments out over several months or the entire year. Many donors reap benefits such as frequent flyer miles by contributing using this method. You may now submit a gift online through our secure server.

Making A Gift By Check
Making a gift by check is a simple way to make a gift to ELAC.

Checks should be made payable to East Los Angeles College Foundation, and mailed to:

Planned Giving

Under planned giving, donors commonly participate in a Charitable Gift Annuity which is a simple agreement between the donor and the foundation: in exchange for a gift of assets, typically cash or stock, the foundation pays the donor (and the donor's spouse) a guaranteed life income. The donor can take advantage of the benefits of a Charitable Gift Annuity with an initial gift of $5,000.

Donors, starting at the age of 65 and over, can decide to begin drawing income immediately, or defer the payments until a certain age. The income paid is based on age and on rates established by the American council on Gift Annuities (ACGA). Each donor receives significant tax advantages, including an immediate charitable tax deduction and a portion of each income payment may be considered to be a tax-free return of principal to the donor. After the donor's death, the remainder of the annuity is used to establish an endowment fund at the foundation with a charitable purpose specified by the donor. The Charitable Gift Annuity can be especially useful to donors who wish to fulfill a broad charitable interest, or leave a legacy to benefit the College.

Donors have four main avenues for charitable planned giving:

• Will or living trust
• Charitable remainder trusts and charitable lead trusts
• Charitable Gift Annuity
• Charitable Family IRA

To discuss and establish a planned giving agreement, please contact Selina Chi, Executive Director, at (323) 260-8154 or email to chiss@elac.edu.

Call Us
If you prefer to speak with someone directly, please contact us.

Have the following information available when calling:

• Name of donor
• Class year of donor, if applicable
• Credit card number and expiration date
• Amount of gift