Plan Now, Give Later
Estate Planning or Life Income Gift
You Can Create Your Charitable Legacy With an OCF Fund
You can create your charitable legacy by establishing a fund at OCF named after you or your family that will support your community and causes you cared about during your life. Your fund can make one-time gifts to charities of your choice as well as provide a source of support into perpetuity.
Best of all, it’s a simple process. Working with your attorney or advisor, you simply create an OCF fund designating which charities or areas of interest you wish to support for both one-time and endowed gifts, name the fund as a beneficiary of your estate, and OCF will do the rest.
Why create a testamentary fund at OCF instead of naming charities in your will or trust?
Legacy
A donor who creates a charitable fund leaves something lasting behind that will benefit future generations. Your fund is a personal endowment that reflects your values and will continue making grants in the name of your fund into perpetuity.
Sustaining valued nonprofits
A charitable fund sustains a nonprofit organization by providing annual support that the organization can count on. Because of the power of OCF’s invested endowment, this support will grow over time and help nonprofits keep pace with inflation and rising costs.
Stewarding your intent into perpetuity
You may name contingent charitable beneficiaries in the event the organization you name ceases to exist, or allow OCF to choose a similar organization in the same community. Either way, your intent will be stewarded by OCF, informed by our expertise in Oregon, into perpetuity.
Flexibility
You may choose to create a fund to support a particular passion such as the arts, the environment, or your community without limiting your giving to specific organizations. Your fund will support a variety of nonprofits that fit your interests, and the recipients may change from year to year as community needs change.
Involve family by creating a charitable resource for them to enjoy
You may create a testamentary donor advised fund, naming relatives (or others) to give ongoing grant advice. In addition to providing needed support to charity, you can offer family members the opportunity to experience the joy of giving, ensuring that your philanthropic values extend into future generations.
Simple, cost-free way of changing your plans over time
When your will or trust point to your OCF fund, you may alter your charitable objectives as your interests evolve by simply modifying your fund agreement. Your attorney need not amend your will or trust. Working with an OCF philanthropic advisor, you can rest easy knowing that it’s simple to make sure your fund keeps pace with your passions.
Convenient way to organize giving
Usually all of a donor’s charitable estate giving can be wrapped into a single fund at OCF. This may include one-time grants to nonprofits as well as providing the ongoing support of an endowed fund. OCF customizes its funds to meet your needs and interests.
“The true meaning of life is to plant trees, under whose shade you do not expect to sit.”
Nelson Henderson
Planned Giving Options
Simple Bequests
You can make a bequest to OCF through your will or living trust. Donors who leave a charitable bequest 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 the “residue” or a “percentage of the residue” of your estate.
Charitable Remainder Trusts
You may transfer assets to a charitable remainder trust that provides an annual specified distribution percentage 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
You may 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.
Gift That Pay You Income (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
In larger estates, 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. Not only can OCF be named as the beneficiary of your life insurance policy, but you can also transfer the policy 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.
The Oregon Society
The Oregon Society honors donors who have named OCF in their estate plans, either by a bequest, a beneficiary designation or through a trust or other deferred gift. These gifts have a powerful and lasting impact on Oregon and our communities and will be a continuing source of strength and support for the causes important to you.
As a member of The Oregon Society, you will receive:
- Invitations to the OCF annual meeting and donor events
- Information on estate planning and charitable giving
- Recognition as an Oregon Society member in the Annual Report on the OCF website