Ways To Share - Q & A
| Q: | What is a Gift Annuity Agreement? |
| A: | A Gift Annuity Agreement is a simple gift arrangement that pays income to the donor or other beneficiary(s) during his/her lifetime. Principal then passes to the OMC Regional Foundation. This is an excellent giving vehicle for smaller gifts. |
| Q: | What are the advantages of choosing a Gift Annuity Agreement as my method of giving to the OMC Regional Foundation? |
| A: | There are several advantages. The Gift Annuity is initially an income tax deduction; in addition, the payments are partially free of tax for a period of time. Lastly, you, as the donor, can report capital gains at what may be lower tax rates over your life expectancy. |
| Q: | What is a Pooled Income Fund? |
| A: | A Pooled Income Fund is a fund in which participants purchase units in a co-mingled trust that pays income to the donor or other beneficiary(s) during their lifetimes. Principal passes to the OMC Regional Foundation upon death of last beneficiary. |
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Opportunity for Sharing Form |
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