Making a planned gift to OHS is a meaningful way to carry forward your compassion and concern for animals. Additionally, this type of giving may help you achieve specific financial goals, such as reducing or eliminating certain tax liability.
We would be glad to discuss any planned giving option with you - in confidence and without obligation.
Gary Kish, CFRE
Director of Development
(503) 416-2988 phone
Perhaps the most straightforward planned giving option is to make a bequest in your will. Regardless of your age or financial status, a will is essential to ensure that your property is distributed according to your wishes instead of the arbitrary laws of the state in which you live.
Bequests made through your will may take various forms:
- Specific Bequest: Directs a specific dollar gift or property to pass to OHS
- Percentage Bequest: Designates a percentage of the total value of the estate as a gift to OHS
- Residual Bequest: Directs that OHS receive the remainder of the estate, or a portion of the remainder, after all expenses and other bequests have been made.
A bequest to OHS is not subject to Federal or estate taxes, and there's no limit on the amount of the deduction. Most importantly, your bequest to OHS will help ensure the organization's ability to provide care and protection for animals in future years.
Charitable Remainder Trusts
A charitable remainder trust is one of the more complex estate planning options but provides the donor greater flexibility. CRT's can be a very good choice for those who own significantly appreciated assets (such as rental property) and want to receive income for life. The donor transfers the asset to the trust, where it is sold, avoiding capital gains tax. The proceeds are invested with the donor or other beneficiary receiving payments for life or a
set term. At the end of the trust's life, the remaining principal is gifted to OHS.
To set up a Charitable Remainder Trust, please consult your attorney or estate planner.
Charitable Lead Trusts
This type of trust is opposite of the Charitable Remainder Trust. The donor agrees to give an asset to OHS for a set number of years. At the end of the term, the asset is then transferred to specified family members at a reduced gift and estate tax rate. A Charitable Lead Trust can be set up during your lifetime or through your estate plans. While the trust will not provide you with an immediate income tax deduction, you can exclude the trust's income from your own income, thereby reducing your taxes.
A Charitable Lead Trust may make sense for donors who exceeded the annual limits on income tax deduction for charitable gifts. To set up a Charitable Lead Trust, please consult your attorney or estate planner.