Gifts of Real Estate in Your Will or Trust: Getting Started
If you've thought about making a gift to OHSU Foundation but aren't ready to give up your assets today, consider leaving a gift of real estate to us after your lifetime through your will or revocable living trust.
This method—called a bequest—allows you the flexibility to change your mind at any time since your gift isn't actually complete until after your lifetime. Plus, if your estate will be subject to estate taxes, this gift entitles your estate to a federal estate tax charitable deduction for the full value of the property, reducing any estate taxes owed upon death.
How It Works
Thank you for considering a gift to OHSU through your will or revocable living trust.
It is important that the bequest designation read "OHSU Foundation." The foundation has been established to receive, manage, and disperse funds in the best way possible for the benefit of OHSU.
Basic Sample Bequest Language
"I hereby give, devise and bequeath ________ (a specific dollar amount or percentage of the residue of my estate) to the Oregon Health & Science University Foundation, a non-profit corporation of the State of Oregon, to be used to further the purposes of the Oregon Health & Science University in the area of greatest need."
If you wish to direct your gift to a specific area, we would be happy to help you with appropriate language. Please contact the Gift Planning Department at 503-228-1730 or 800-462-6608 or email@example.com.
Oregon Health & Science University (OHSU) Foundation (Tax ID # 23-7083114)
1121 SW Salmon Street, Suite 100
Portland, OR 97205-2020
How You Benefit
In addition to freeing your loved ones from the costs and responsibilities of ownership, leaving OHSU Foundation your real estate after your lifetime offers these benefits:
- Simplicity. Just a few sentences in your will or trust are all that is needed to complete your gift.
- Flexibility. Because you are not actually making a gift until after your lifetime, you can change your mind at any time.
- Tax relief. The gift entitles your estate to a charitable estate tax deduction, reducing the amount of federal estate taxes your estate may owe the IRS.
|Request a free guide to learn more about the tax benefits of a gift of real estate.|
Please contact Office of Gift Planning at Toll Free 800-462-6608 or 503-228-1730 or firstname.lastname@example.org if you have any questions about this way to leave your mark at Oregon Health & Science University.
Getting Started | Is This Gift Right for You? | Case Study | How to Complete Your Gift | Beyond a Gift in Your Will or Trust | Action Items