Trusts & Annuities

The Oregon Community Foundation acts as trustee for charitable trusts and gift annuities. A life income or split interest gift arrangement secures beneficiary payments for the donor, or for other named individuals, while also providing a charitable gift to OCF. 

Trusts or annuities are administered through Kaspick & Company with oversight by Foundation staff.  Kaspick manages one of the largest portfolios of planned gifts in the nation and has a proven track record of providing excellent trust administration with competitive investment returns.   
 

Types of Trusts
Gift Annuities
Staff Assistance

Types of Trusts

Charitable Remainder Trusts (CRTs)

A donor may transfer assets to a charitable remainder trust that provides a specified distribution percentage to one or more (income) beneficiaries for life, or a term of years, with the remainder interest paid to charity. There are two kinds of CRTs:

  • Charitable remainder unitrust. A CRUT requires annual revaluation of the trust assets — which typically changes the value of the unitrust payment — and allows donors to make additional gifts to the trust.
  • Charitable remainder annuity trust. The income beneficiary of a CRAT receives a fixed amount that is determined when the trust is established.  A CRAT does not allow donors to make additional gifts to the trust.

Charitable Lead Trusts

A donor may transfer assets to a charitable lead trust. A charity is the income or “lead” beneficiary for a lifetime or term of years, after which the remaining assets are distributed to the donor or other beneficiaries.