Planned Giving allows a donor to know he or she will leave a lasting legacy. Donors also realize these philanthropic objectives while maximizing tax and other financial benefits. If you are ready to leave a legacy with the Junior Legacy of Oklahoma City, download our Letter of Intent for Estate Gift for you to provide to your attorney. Once completed you may mail, fax or email to our Junior League Headquarters.
A Planned Gift may be:
- A current gift;
- A life income gift (an asset given during one’s lifetime but the donor continues to receive the income from the gift for life);
- A bequest (general or specific) designated in one’s Last Will & Testament or trust agreement;
- A gift of an asset which would vest after the donor’s death such as life insurance proceeds or retirement fund.
Advantages to Planned Giving:
A planned gift satisfies philanthropic objectives with oftentimes no reduction in income stream to the donor during lifetime, may obtain a charitable tax deduction, may reduce income tax liability, may reduce or eliminate capital gains tax if the gift is an appreciated stock or piece of real estate, and/or may reduce estate taxes. Types of possible gifts include cash, marketable securities, personal property such as artwork, jewelry, other valuables, real estate properties, oil and gas properties and/or partnership interests.
Donations may be made on a current or deferred basis to the following Junior League of Oklahoma City Endowment Funds:
Oklahoma City Community Foundation
Junior League of Oklahoma City’s
Investment Account or Operating Fund