Estate Planning

Contact

David Mays
David Mays
Senior Associate Vice President of Philanthropy
P (405) 385-5148
C (405) 334-3669
dmays@osugiving.com
Contact
Derrick Davies
Derrick Davies
Sr. Director of Gift Planning/Team Lead
P (405) 385-5661
C (405) 332-1683
ddavies@osugiving.com
Contact
Diana Lasswell
Diana Lasswell
Sr. Director of Trusts and Estates/Principal Gifts
P (405) 385-5614
C (918) 671-1997
dlasswell@osugiving.com
Contact
Charles Reubell
Charles Reubell
Sr. Director of Gift Planning
P (405) 385-5629
C (918) 688-3406
creubell@osugiving.com
Contact
Faith Sarver
Faith Sarver
Development Coordinator - Gift Planning
P (405) 385-0724
fsarver@osugiving.com
Contact

Opportunities for Impact:


Bargain Sale

How a Bargain Sale Works

  1. You sell the Oklahoma State University Foundation your property for a price less than fair market value.

  2. You receive the cash from the sale and a charitable deduction for your gift to the OSU Foundation (the difference between the market value and purchase price).

  3. While you may owe some tax on the amount you receive from the OSU Foundation, the charitable deduction from your gift could offset your taxes this year.

Benefits of a Bargain Sale

If you are considering selling your property, a bargain sale may meet your goals.

  • Avoid capital gains tax on your charitable gift.
  • The deduction from your gift will give you valuable tax savings that may reduce your tax bill this year.
  • With the cash received from the sale, you may then reinvest to create more income for your future.
  • Best of all, your gift will help Oklahoma State University further our land-grant mission.


Bequest

A charitable bequest is one of the most common and simple ways you can leave a lasting legacy at Oklahoma State University Foundation.

How Do You Make a Bequest?

A bequest is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or living trust specifying a gift to be made to the Oklahoma State University Foundation as part of your estate plan. Click Here to review sample bequest language.

Types of Bequests

A bequest may take many forms:

  • Gift of a percentage of your estate.
  • Gift of a specific dollar amount or asset.
  • Gift from the balance or residue of your estate.

Benefits of Your Bequest

  • Receive estate tax charitable deduction.
  • Lessen the burden of taxes on your family.
  • Leave a lasting legacy.


Charitable Gift Annuity

Are you looking for a secure source of fixed income for now or your future?

How it Works:

A charitable gift annuity is a contract between you and the Oklahoma State University Foundation.

  1. You transfer property to Oklahoma State University Foundation. In exchange we pay you (and/or a loved one) fixed income for life.

  2. The fixed income is based on your age.

  3. A portion of your income stream may be tax-free.

  4. You will receive a charitable deduction for a portion of your gift of the remainder to the Oklahoma State University Foundation and the satisfaction of furthering our land-grant mission.

Types of Assets Used

  • If you decide to fund your gift annuity with cash, a significant portion of the annuity income will be tax-free.
  • You may make a gift of your appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.

Defer Income to a Future Date

Perhaps you do not need to begin receiving income until a future date, such as when you retire. With a deferred gift annuity, you may receive a current charitable income tax deduction and begin payments at a designated future time. Best of all, because you deferred your payments, your annual payment will be higher than with a current annuity.


Charitable Remainder Trust

Are you interested in a fixed income and avoidance of capital gains taxes?

A charitable remainder annuity trust might be of interest.

Benefits of a Charitable Remainder Annuity Trust

  • Fixed income for life, lives or term of years.
  • Avoid capital gains tax on the sale of your appreciated assets.
  • Charitable income tax deduction for remainder portion of your gift to the Oklahoma State University Foundation.

Charitable Remainder Annuity Trust for Fixed Income

If you do not follow a fluctuating stock market and desire a fixed income, a charitable remainder annuity trust may provide you with the stability you desire. A charitable remainder annuity trust pays out a fixed amount each year based on the value of the property at the time it is gifted.


Charitable Remainder Unitrust

Are you interested in a flexibe income stream and avoidance of capital gains taxes?

A charitable remainder unitrust might meet your needs.

Benefits of a Charitable Remainder Unitrust

  • Income for life, lives, or term of years.
  • Avoid capital gains on the sale of your appreciated assets.
  • Charitable income tax deduction for remainder portion of your gift to the Oklahoma State University Foundation.
  • Future legacy gift to benefit OSU.

Charitable Remainder Unitrust for Flucuating Income

A charitable remainder unitrust pays you income that reflects trust investments, and therefore flucuates from year to year. As the value of your trust grows, so can your income stream.

Types of Unitrust Payouts

There are several unitrust payout options to meet your needs:

  • The standard unitrust pays out a percentage of the trust assets each year.
  • Another payout option used commonly for real estate permits the trust to sell the property tax free and then begin paying you income after the property has been sold.


Life Estate

Do you want to leave your home or farm to the Oklahoma State University Foundation, but also reserve the right to live in it for your life and receive immediate tax benefits?

A life estate may meet your personal and charitable goals.

How a Life Estate Works

You deed your home or farm to the Oklahoma State University Foundation but keep the right to use the property for the rest of your life. You will be able to make a current gift and maintain use of your home or farm.

Benefits of a Life Estate

  1. You receive a current federal income tax deduction for the present value of the remainder interest in your home or farm.

  2. You preserve your lifetime use and are able to enjoy the home or farm during your life.

Life Estate Details

  • The life estate can last for your life or your life and another person’s life.
  • It is possible for you to make a gift of your property even though there is a mortgage upon the residence.
  • You will be responsible for the maintenance, insurance and taxes on the property.


Life Insurance

If your life insurance policy is no longer needed or will no longer benefit your survivors consider making a gift and help further our land-grant mission.

Make a gift of life insurance today. Did you know that you can give your life insurance policy to the Oklahoma State University Foundation today and receive a charitable income tax deduction? You can then make deductible contributions to the OSU Foundation each year which we may use to pay the premiums. Proceeds of your policy can impact our students, faculty, programs and campus.

Designate us as beneficiary of your policy. You can also designate the Oklahoma State University Foundation as the beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. The policy will be included in your taxable estate when you pass away, but your estate will benefit from an estate tax charitable deduction for the value of the gift to us.

Contact us for more information. If you have any questions about making your gift of life insurance, please email us at giftplanning@osugiving.com with your questions or comments.


Retirement Plan

If you are like many people, you may not use all of your retirement assets during your lifetime. Making a gift of some of these assests can have a significant impact at OSU.

Leave your retirement assets to us.

Did you know that a significant portion of your retirement assets may be taxed if you leave them to your heirs at your death? A better option may be to leave your heirs assets that receive a step up in basis (such as real estate and stock) and give the retirement assets to the Oklahoma State University Foundation. As a charitable organization, we are not taxed upon receiving an IRA or other retirement plan assets.

How to transfer your retirement assets:

Your retirement assets may be transferred to the Oklahoma State University Foundation by completing a beneficiary designation form provided by your plan custodian. If you designate the OSU Foundation as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will also benefit from an estate tax charitable deduction for the gift.

[Click Here](2015 IRA Beneficiary Designation Info Sheet.pdf) for information about making the OSU Foundation the beneficiary on your retirement plan beneficiary form.


For more information, please call or email us directly.

OSU Foundation Office of Gift Planning | 400 S. Monroe | Stillwater, OK 74074
800.622.4678 | giftplanning@osugiving.com