There are many ways to help the Oak Hills Alumni & Educational Foundation that can have favorable tax consequences, while allowing donors to leave a lasting legacy to the Oak Hills community and benefit loved ones at the same time.
Together with your family, along with trusted financial and legal advisors, you can decide which option is right for you.
• Bequests (outright, percentage or residual)
• Charitable Trusts
• Retirement Assets (IRA’s, Keoghs, etc.)
• Life Insurance
A bequest is a gift from your estate – a transfer of cash, securities, or other property made through your estate plans. A bequest to the Oak Hills Alumni & Educational Foundation can be made for a specific amount, for a percentage of your estate, or for all or a portion of what is left after you have made bequests to your family. To make a gift to the Oak Hills Alumni & Educational Foundation from your estate, you must sign a new will or living trust instrument, add a codicil to your present will, or make an amendment to your present trust instrument.
Alternatively, you can designate Oak Hills Alumni & Educational Foundation as a beneficiary of a retirement plan or life insurance policy. To do so, contact the retirement plan administrator or life insurance company and complete the appropriate beneficiary designation form.
This information is not intended as legal, accounting, or other professional advice. For assistance in planning your gift(s), please consult a lawyer and/or financial advisor for professional advice.