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Types
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Donor
Advised Funds |
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Deferred Gifts |
Bequest A donor creates or adds to a permanent fund naming the donor's OCF fund as the residuary beneficiary of the donor's estate. The beneficiary receives a stated sum or contingent bequest, or receives assets from a charitable remainder trust. Bequests to OCF are deductible for federal estate and Oregon inheritance tax purposes. Bequest of Retirement Plan Assets In larger estates, retirement fund assets distributed to family members may be "double taxed" - first subject to estate tax, then to income tax on the beneficiaries. Assets listing OCF as the designated beneficiary are free of estate and income taxes. Charitable Remainder Trusts A donor makes an irrevocable transfer of property and can receive income or create an income interest for others. The donor receives a partial income tax deduction for that year and is not taxed on the sale or transfer of appreciated property. At the end of the trust (usually when the last beneficiary dies), remaining assets go into a permanent OCF fund. OCF may act as trustee as appropriate and upon request. Charitable Lead Trust OCF is the initial income beneficiary for a specified length of time; afterward, the trust continues for the donor's beneficiaries. Charitable Gift Annuity The donor transfers cash or securities to OCF in exchange for a fixed, periodic payment to him/herself solely, concurrently, or consecutively. The unused portion can be redirected, upon the death of the last annuitant, to OCF's Oregon Fund or Oregon Scholarship Fund. Life Insurance Transfer your policy irrevocably to OCF and claim an income tax deduction for the policy's cost basis or the cash surrender value, whichever is less. Subsequent premium payments will be income tax deductible. Pooled Income Fund A donor gives at least $5,000 in cash or securities to OCF for its broad charitable purposes, for a specific purpose, or to benefit another charitable organization. Subsequent gifts can be as low as $1,000. The donor may receive income from the gift property or create a lifetime income interest for others. Income tax benefits are similar to those of a charitable remainder trust. Please Contact Us for any questions regarding giving options.
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