More than 70 percent of Americans contribute to the nonprofit groups of their choice throughout their lifetimes, but only about 6 percent continue this support through a gift in their will or estate plan. By making a "planned gift," you can continue to help the Oregon College of Oriental Medicine in perpetuity in our work of combining the science of medicine and the art of healing.
A planned gift offers you the peace of mind of knowing that your wishes for the distribution of your assets will be carried out with responsibility, sensitivity, and timeliness. There are many planned gift options:
One of the simplest means of planned giving is to provide a bequest to OCOM in your will. You can name the college as the direct beneficiary of assets, a portion or percentage of your estate, or what remains of your estate after your other obligations have been met. You should contact an attorney for assistance in drafting your will.
Life Insurance Policies
You can designate the college as the sole or partial beneficiary of your life insurance policy, donate a fully paid policy to the college and qualify for a tax deduction, or name OCOM as the owner and beneficiary of the policy and take an income tax deduction for the approximate value of the policy at the time of transfer.
You can specify OCOM as the beneficiary of your pension, IRA, Keogh, SPE, or other plan.
You can take advantage of creative and versatile living trusts to provide assets to OCOM while retaining full use and benefit of those assets during your lifetime. For example, cash, securities, or real estate can be placed into a charitable remainder trust, which pays annual income to you and/or your loved one for life, then benefits the college at your death. Such an option can offer attractive tax incentives.
You could enjoy a substantial tax advantage by making a gift to OCOM of property such as real estate, stocks, mutual funds or bonds. It's simple, efficient and can allow you to give more than you thought possible. By donating securities directly to the college, you avoid paying capital gains on the profit-and you receive a full tax deduction for the value of your gift. This makes a gift of securities more tax-wise than a cash gift.
Making the gift is easy. Just contact Judy Carroll, Development Officer at 503-253-3443 x207.
If you have already put OCOM in your will as the beneficiary of an annuity, life insurance policy, or trust please let us know so that we can include you in the our Planned Giving Society.