Estate Giving and Life Income Gifts

SIMPLE BEQUESTS

• Make a bequest to OCF through your will or living trust. You may qualify for an estate tax deduction based on the value of the gift. You can state your bequest as a set amount of cash, securities, or other assets; or as a portion of your estate.

CHARITABLE REMAINDER TRUSTS

• Transfer assets to a charitable remainder trust to provide an annual specified distribution to one or more beneficiaries for life, or a term of years. The remainder interest creates or adds to your OCF fund.

CHARITABLE LEAD TRUSTS

• Transfer assets to a charitable lead trust. Your OCF fund receives an income stream for a lifetime or term of years, after which the remaining assets are distributed to you or other beneficiaries.

CHARITABLE GIFT ANNUITIES

• In return for a donation of cash or other assets OCF pays you and/or someone designated by you a fixed payment for life. The remainder interest creates or adds to your OCF fund.

LIFE INSURANCE/IRA BENEFICIARIES

• Retirement fund assets distributed to family members may be subject to double taxation, first through the donor’s estate tax, and then through the beneficiaries’ income tax. IRA accounts listing OCF as the beneficiary pass to your OCF fund free of estate and income taxes. OCF can be named the beneficiary of your life insurance policy, and you can transfer it irrevocably to OCF. You may be eligible for an income tax deduction for the policy’s cost basis or cash surrender value (whichever is less), and any subsequent premium payments may qualify for a charitable deduction.