In the area of planned gifts, or deferred gifts, we work with our endowment partner organizations. OCF helps you offer your donors several options that will ultimately benefit your group’s endowment fund.
OCF staff works with your organization’s staff and donors to create bequests, charitable remainder trusts (CRTs), and gift annuities. CRTs and gift annuities allow a donor to contribute to your group’s endowment, enjoy income for life - or a specified number of years - and obtain an income or estate tax benefit. When the trust or gift annuity ends, the assets remaining will create a permanent addition to your organization’s endowment fund at OCF and provide ongoing support for your organization.
Further details of planned giving options include:
- Charitable Remainder Trusts
The minimum amount to fund a CRT is $100,000. If OCF acts as trustee, we require at least 50 percent of the charitable remainder be left to OCF, and for it to be permanently added to the organization’s fund at OCF. The remaining 50 percent may be distributed directly to the organization.
- Gift Annuities
A minimum of $25,000 can create a gift annuity. During the term of the gift annuity, OCF requires the endowment partner’s fund be held in reserve for 50 percent of the amount of the gift. This is for the unlikely possibility that the annuity could be exhausted. The remainder of the gift annuity creates a permanent addition to the organization’s fund at OCF and the reserve is removed.
Read more information on OCF’s planned giving program, or you can also contact a charitable gift planner in your region.