There are many ways to give back to Scripps College. One alumna seems determined to try them all.
Elizabeth Cundiff ’84 has worn many hats at Scripps College, including that of a proud graduate, versatile volunteer, past Alumnae Association president, and now director of Alumnae Engagement. In each of these roles, Elizabeth has contributed to the vitality of the College and the opportunities it provides students. Elizabeth also proudly counts herself as a member of the Elm Tree Society. The Society is comprised of individuals who have included the College in their estate planning or created an income-producing gift, such as a charitable gift annuity.
Elizabeth recently reflected on her transition back to Scripps, and what keeps her so closely connected.
“After 30 years in the technology industry, I decided to make a career change. The key factor was a desire to spend my days doing work that is personally meaningful. In my role at Scripps, I focus on engaging with our amazing alumnae and collaborating with colleagues who share a unified commitment to the Scripps mission.”
Joining the staff, however, is only the latest chapter in a story that began when she was still a teenager.
“As with so many other alumnae, I knew when I set foot on the campus that it was the right place for me. And I was able to attend thanks to a financial aid package which included work study. I grew into the person I am now because of my four years at Scripps. I developed my confidence and sense of self through engagement with Scripps friends and classes.”
An interest in volunteering and service led Elizabeth to become president of the Scripps Alumnae Association and a generous donor. “Thanks to the suggestion of a Scripps major gift officer, I’ve set up an endowed scholarship to enable others to attend and experience all that a Scripps education can provide. I have Scripps in my will to reflect my belief in the future of the College,” she says.
“Thanks to the suggestion of a Scripps major gift officer, I’ve set up an endowed scholarship to enable others to attend and experience all that a Scripps education can provide. I have Scripps in my will to reflect my belief in the future of the College,” she says.
Since its founding 90 years ago, Scripps College has thrived thanks in large part to the thoughtfulness of its alumnae, the efforts of its volunteers, the generosity of its donors, and the dedication of its staff. Occasionally, all of those roles become embodied in one remarkable individual.
Contact the Office of Gift Planning at (909) 621-8400 to learn how you can make a planned gift to Scripps College—like Elizabeth has—that supports us for generations to come.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
A charitable bequest is one or two sentences in your will or living trust that leave to Scripps College a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.
an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan
"I give to Scripps College, a nonprofit corporation currently located at 1030 Columbia Avenue, #2009 Claremont, CA 91711, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."
able to be changed or cancelled
A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.
cannot be changed or cancelled
tax on gifts generally paid by the person making the gift rather than the recipient
the original value of an asset, such as stock, before its appreciation or depreciation
the growth in value of an asset like stock or real estate since the original purchase
the price a willing buyer and willing seller can agree on
The person receiving the gift annuity payments.
the part of an estate left after debts, taxes and specific bequests have been paid
a written and properly witnessed legal change to a will
the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will
A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Scripps College or other charities. You cannot direct the gifts.
An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.
Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.
Securities, real estate or any other property having a fair market value greater than its original purchase price.
Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.
A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.
You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.
You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Scripps College as a lump sum.
You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Scripps College as a lump sum.
A beneficiary designation clearly identifies how specific assets will be distributed after your death.
A charitable gift annuity involves a simple contract between you and Scripps College where you agree to make a gift to Scripps College and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.