The information on this website is not intended to serve as tax, legal, investment or financial advice. Gift results may vary. Consult your personal financial advisor or the Oklahoma Methodist Foundation for information specific to your situation.
Charitable Gifts To Consider
- Annual Giving - A yearly or other routine financial gift you make to your church or the Foundation
- Major Giving - A gift you make of significant size that stands out from your annual giving
- Planned Giving - When you make plans now for a gift that generally occurs in the future. Also called gift planning, it includes many current non-cash gifts, such as real property. Some planned gifts create current tax benefits and income streams for you
- Blended Giving - A combination of any of the above
Planned gifts offer you benefits now and in the future.
When most people think of charitable giving, they think of cash gifts or appeals they receive in the mail or perhaps special events. However, gift planning opens a universe of options.
Some planned gifts create new income streams that pay you, or you and your loved ones for life. Many planned gifts create significant tax benefits that may reduce or in some cases eliminate:
- Income taxes
- Capital Gains taxes
- Estate taxes
To learn more about the many ways you can make a lasting impact through planned giving, simply click on the images below. You’ll discover helpful information about gifts from your will or trust, beneficiary designations, charitable gift annuities, IRA distributions, and other meaningful options that can support our church’s mission for generations to come. When considering which option is best for you, please consult with your financial advisor.
You are encouraged to contact the Oklahoma Methodist Foundation for any questions you may have, assistance you may need and information on more ways you give.
OKLAHOMA METHODIST FOUNDATION
4201 N CLASSEN BOULEVARD, OKLAHOMA CITY, OK 73118
WWW.LASTINGLEGACY.ORG • 800-259-6863 • 405-525-6863
A charitable bequest is a promise in your will, living trust or codicil to make a gift when you pass away. It usually takes less than a paragraph, often just a sentence or two
A bequest is one of the easiest ways to leave a gift because it costs you nothing now. However, it provides you a way to create or grow your legacy while supporting your church or causes that are important to you.
A beneficiary designation, or payable on death directive, is a form you complete for your checking, savings, CD, investment or other accounts. It tells your account administrator what to do with the funds when you pass away. The administrator sends the funds to the people and/or charities you choose.
A charitable gift annuity (CGA) is an irrevocable contract where a donor transfers assets (cash or securities) to a charity in exchange for a fixed, secure income stream for life. It offers immediate tax deductions and, for appreciated securities, minimizes upfront capital gains taxes, with remaining assets benefiting the charity.
The IRA (individual retirement account) gives you several options for charitable giving, especially if the government requires you to take a required minimum distribution (RMD) from it.
