Ways To Share - Q & A
| Q: | What are planned or deferred gifts? |
| A: | A commitment or gift established legally during the donor’s lifetime, but whose principal benefits usually do not accrue to the charitable recipient until some future time, often after the death of the donor. |
| Q: | What is a Charitable Remainder Annuity Trust? |
| A: | The Charitable Remainder Annuity Trust is an individual trust that pays income to you, the donor, or other beneficiaries. Upon your death, or the death of the last beneficiary, the principal of the trust goes to the OMC Regional Foundation. |
| Q: | What are the advantages of giving my Charitable Remainder Annuity Trust to the OMC Regional Foundation? |
| A: | There are many advantages. Donating your Charitable Remainder Annuity Trust bypasses capital gains tax at the time the trust is created, furthermore, you will receive an initial income tax deduction, federal estate tax savings, and your income may be taxed favorably at lower capital gain rates or as tax-exempt income or return of principal. |
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Opportunity for Sharing Form |
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