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Legacy, Planned, and Workplace Giving Mechanisms (Retirement Plans OCT…
Legacy, Planned, and Workplace
Giving Mechanisms
Wills
;
Testamentary Trusts
; &
Living, Revocable, & Irrevocable Trusts
Types of gifts
Specific gift: OCT named as beneficiary of specific amount of estate.
Contingent gift: OCT receives bequest if other specific bequest cannot occur.
Residual gift: balance of estate after expenses and specific bequests.
Charitable Trusts
Charitable Lead Trust
Pooled Income Fund Trust
Life-income plans
Deferred Gift Annuity
Charitable Gift Annuity
Charitable Remainder Trusts
Charitable Remainder Unitrust
Charitable Remainder Annuity Trust
Retirement Plans
OCT as beneficiary or recipient of QCD
Individual Retirement Arrangement (IRA)
Roth IRA
Eligible for
qualified charitable distribution
(QCD)
Traditional IRA
Eligible for
qualified charitable distribution
(QCD)
Savings Incentive Match Plan for Employees (SIMPLE) IRA
Salary Reduction Simplified Employee Pension (SARSEP)
Simplified Employee Pension (SEP) Plan
Stock, including
Employee Stock Ownership Plans (ESOPs)
401(k)
Profit-sharing pension plan
,
defined benefit plan
,
money purchase plan
Governmental Plans
, including 401(a),
457(b) Deferred Compensation Plans
and
403(b) Tax Sheltered Annuity Plans
Life Insurance Donations
List OCT as a beneficiary on a new or existing policy
Donate paid-up policy to OCT
Workplace Giving