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Planning Your Legacy

We know there’s a lot to think about when planning your legacy. It’s important to us that your charitable wishes are honored, and that together, we create a solid plan that ensures your legacy lasts.

Legacy gifts can take many shapes. We’ll work closely with you, and your loved ones if you choose, to determine the types of gifts that fit with your vision and situation.

Funding your legacy can be easier than you might think. Making provisions in your will or living trust allows you to retain control and full use of your assets during your lifetime, while still supporting the organizations that matter most to you.

Here are some options:

Bequests

  • The language used in a will or living trust that establishes your gift to OCF depends on your unique circumstances and charitable objectives. You may specify gifts in the form of cash, securities, or other property
  • You may choose to donate a specific dollar amount, a percentage of your estate, or the residual of your estate. Your estate qualifies for a charitable deduction for the full donation.

Charitable Remainder Trust

You can receive an annual income and immediate tax benefits while making provisions for causes that matter to you.

Charitable Lead Trust

You can qualify for generous estate and gift tax deductions for wealth eventually transferred to family by first benefiting the causes you care about the most.

Life Insurance

Beneficiary Designation – Name the Omaha Community Foundation as a beneficiary of an existing life insurance policy.

Donate an Existing Policy – Consider donating a policy that you no longer need to the Foundation and become eligible for a current income tax deduction.

Purchase a New Policy and Donate it to the Omaha Community Foundation – When you purchase a new policy and name the Foundation as owner, premiums are paid annually by your contributions to the Foundation, which are eligible for a tax deduction.

Gifts of Retirement Plan Assets

You can help preserve your retirement fund assets by leaving any of the following to a fund at the Omaha Community Foundation: IRAs, 401(K) plans, 403(b) plans, and profit-sharing or other defined contribution plans.

 

 

You can choose a charitable fund that best meets your needs.

OCF offers a full range of legacy giving techniques and will work with you to customize a plan.

TESTAMENTARY DESIGNATED FUND

  • With an initial contribution of $10,000 in cash or other accepted assets, you select one or more nonprofits of your choice to receive grants from your fund.
  • You define the longevity of the fund, structure of grant amounts, and preferences for grant designations upon establishment of the fund.

TESTAMENTARY DONOR ADVISED FUND

  • With an initial contribution of $25,000 in cash or other accepted assets, you enjoy the benefits of a private foundation without the added expenses and administrative burdens.
  • You assign successors (children, family, advisors, etc.) to continue advising legacy grants.
  • You can also create your own customized Family Philanthropic Plan through the assistance of our staff facilitators.

TESTAMENTARY FIELD OF INTEREST FUND

  • With an initial contribution of $100,000 in cash or other accepted assets, you define the criteria to establish a grant program addressing an issue or cause that matters to you.
  • The Foundation manages the annual selection of grant recipients using our staff and/or local community leaders who are knowledgeable within your identified issue area.
  • The fund allows you to create a grant program that adapts to the evolving needs of your chosen issue in our community.

 

 

Questions? We’re here to help.
Kelli Cavey

Director of Donor Services
402-614-9510
kelli@omahafoundation.org

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