How a Bargain Sale Works
You sell the Oklahoma State University Foundation your property for a price less than fair market value.
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).
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.
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:
Benefits of Your Bequest
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.
You transfer property to Oklahoma State University Foundation. In exchange we pay you (and/or a loved one) fixed income for life.
The fixed income is based on your age.
A portion of your income stream may be tax-free.
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
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.
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
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.
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
Charitable Remainder Unitrust for Flucuating Income
A charitable remainder unitrust pays you income that reflects trust investments, and therefore fluctuates 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:
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
You receive a current federal income tax deduction for the present value of the remainder interest in your home or farm.
You preserve your lifetime use and are able to enjoy the home or farm during your life.
Life Estate Details
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 email@example.com with your questions or comments.
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 for information about making the OSU Foundation a beneficiary of your retirement plan, or how to GIVE TODAY from your IRA if you are 70 ½ or over!
For more information, please call or email us directly.
OSU Foundation Office of Gift Planning | 400 S. Monroe | Stillwater, OK 74074
800.622.4678 | firstname.lastname@example.org