Creating a Legacy at the Kavli Institute for Theoretical Physics
Planning to include the KITP in your will or estate offers the opportunity for significant tax benefits, the possibility of additional lifetime income, and - most importantly - the chance to make scientific discoveries possible at KITP for future generations.
Legacy gifts power the core of KITP: the people. These gifts sustain the Institute by supporting our early career scientists and providing operational support for scientific programs and community outreach efforts. In perpetuity, a legacy gift ensures that there are no barriers to discovery at KITP. In addition to membership in the KITP Legacy Society, special recognition and naming opportunities remain available in Kohn Hall and the Charles T. Munger Physics Residence for irrevocable planned gift commitments to our KITP endowment fund. To learn more about making a legacy gift to KITP please contact Kristi Newton, Senior Director of Development at kristi@kitp.ucsb.edu or 805-893-6307. Our Legacy Society members can be viewed here. When deciding whether to make an estate gift to KITP, it is helpful to ask yourself and your family some questions... What can I give? Do I want to minimize capital gains? Do I need additional income?
Planned gifts are often funded by a donor’s assets, including cash, stock, real property, retirement plan assets, life insurance policies, business interests and more. Utilizing any (or a combination) of these assets to establish a KITP legacy may provide you with highly beneficial tax savings and the possibility of additional lifetime income. If you intend to leave assets to your heirs, we can also help you explore the best assets to gift that minimize inheritance taxes.
We can provide you with sample scenarios regarding charitable remainder trusts and charitable gift annuities, both of which can help offset the gains associated with selling appreciated assets (real estate, stock, etc.)
We can explore which assets may work with a life income gift.
To learn more about the planned giving vehicles and options available to you, please visit UCSB’s planned giving website or reach out to Kristi Newton, Senior Director of Development at kristi@kitp.ucsb.edu or 805-893-6307.
