|While annual donations through gifts of cash and stock transfers
are vital to the operations of the Foundation, planned gifts
will secure the future of the OEHF. Many individuals are interested
in leaving a legacy either to their profession or to a cause
to which they are committed. The OEHF provides
such a vehicle for individuals with an interest in occupational
and environmental health and issues related to workplace safety.
Through planned giving, the future of the Foundation
Planned giving or “charitable
gift planning” refers to the process of making a charitable
donation of assets to one or more nonprofit organizations.
Gifts of this type require careful consideration and planning
taking into account the donor’s overall estate plan.
Planned giving usually requires some form of legal
documentation and often requires the assistance of a qualified
professional advisor. Because of the size and
potential impact on the donor’s estate, a donor should
consult his or her professional advisor before completing
Planned gifts are usually deferred meaning that
they are identified and gifted now and fulfilled later. Examples
include incorporating into a will a bequest to a nonprofit
organization or the establishment of a charitable trust.
Planned gifts can be revocable, such as a bequest
in a will, or irrevocable, such as a charitable gift annuity.
Even though a deferred gift may not benefit a charity for
many years, the gift arrangement can generate an immediate
charitable tax deduction to the donor because the future gift
has been established and cannot be revoked. Revocable gifts,
such as bequests in wills, do not provide immediate tax benefits
to the donor as they can be revoked.
The following are planned gift giving
arrangements accepted by the OEHF:
- Retirement Plans
- Gifts that provide the donor with income during their
- Gifts that provide income to the charity
- Gifts of real estate or other property
- Life Insurance
This information reflects,
in very general terms, how a gift might affect specified tax
liabilities. This is not an effort to reflect your current
tax picture or suggest that a particular gift will have the
indicated result in your case; only your lawyer and accountant
can do that. We suggest you consult your professionals before
acting upon the concepts reflected here.