Q:

What are the benefits of a Pooled Income Fund?

A:

There are many advantages to donating to the OMC Regional Foundation with the use of a Pooled Income Fund. These include: an initial tax deduction; payments partially free of tax for a period of time; a federal estate tax deduction; and the income the beneficiary receives from the fund is taxed as ordinary income.

Q:

What is a Life Estate Agreement?

A:

A Life Estate Agreement is created when a donor would like to transfer property to the OMC Regional Foundation, but retain the rights to use such property and/or collect income generated from such property. The property passes to the OMC Regional Foundation after the death of the last beneficiary.

Q:

What is a Charitable Lead Trust?

A:

A donor may create a Charitable Lead Trust that produces income payable to the OMC Regional Foundation, usually for a term of years. The Trust assets then pass to subsequent family generations.

Q:

What are the advantages of a Charitable Lead Trust?

A:

The Lead Trust is a useful method of giving for donors with large estates who want to transfer wealth to successive generations in a tax-advantaged way as the donor will receive estate and gift tax savings.