There are many ways that you can participate in planned giving:
A significant way to show your support is to name the Oregon Historical Society in your will or trust. When you name OHS in your will, you can either choose to bequeath a monetary sum, securities, or a percentage of your estate. By making a charitable bequest to OHS, you can take an estate tax deduction of 100%. If you would like to add OHS to your current will or trust, you may add a provision through a codicil or trust amendment that states any changes. You can refer to our Sample Language for Bequests for assistance.
Gifts of Retirement Funds
Many retirement plans include the option to bequeath your retirement plan assets, another great opportunity to support the future of the Oregon Historical Society. If retirement assets remain in your estate, your heirs will pay income tax on these assets (in addition to estate taxes). By making a bequest of your retirement assets, you will reduce the value of your estate that is taxed. Assets that are gifted to nonprofits are also free of estate and income tax, which means that more of your gift goes straight to OHS.
Charitable Remainder Trusts
Charitable remainder trusts are individual trusts that are generally funded with cash or appreciated property or stock. Remainder annuity trusts distribute a fixed dollar amount of income to one or more beneficiaries either for their lifetime or for a fixed term. Remainder unitrusts distribute a variable amount either for a set term of years or for the lifetimes of the beneficiaries. Income can be distributed as a fixed percentage of trust's annual value or the net income of the trust. OHS then receives the remainder of the trust assets after the term of the trust ends. Advantages include:
- Annual income for yourself and/or other beneficiaries
- A partial income tax charitable deduction in the year the trust is funded
- The donor will not immediately incur capital gains tax on appreciated long-term assets
- Freedom from the burden of managing the property you put in the trust
Charitable Lead Trusts
A lead trust pays income to the Oregon Historical Society for a number of years or a lifetime and then transfers the remaining assets in the trust back to you or to another individual of your choice. Charitable lead trusts are not tax-exempt trusts, meaning they are subject to the same income and estate tax laws as other non-exempt trusts.
Another opportunity to support OHS is to gift your fully paid life insurance policy, or make OHS the beneficiary of an existing policy. You can also take out a new policy with the Oregon Historical Society as the owner and beneficiary.
Retained Life Estates
By gifting your home, vacation home, or other property, you will receive an immediate charitable deduction on your income tax. You will still retain the right to reside in the property as long as you live, and the property will become a gift to the Oregon Historical Society when you no longer need the property.
An individual makes a contract with a charitable organization through a gift annuity. Through this type of gift, the individual transfers an irrevocable gift of cash or marketable securities to the organization, while the organization is responsible for paying a fixed sum to one of two annuitants each year for the life of the gift.
Thank you for your support of the Oregon Historical Society and for considering an extraordinary gift to history.
As with all substantial financial planning, please consult with your financial advisor to determine the best method for achieving your philanthropic goals while planning for your financial future. Also, we recommend that you contact the Development Officeat the Oregon Historical Society to inform them of your plans and the intent of your gift. The information on this website is not intended as legal advice. For legal advice, please consult your attorney.