By naming the OHSU Multiple Sclerosis Center as a beneficiary in your will your generosity will be a lasting legacy for future people with multiple slcerosis. The OHSU Development Department and local attorneys can help you with your estate planning and also minimize taxes on these gifts.
There are many creative ways to accomplish this generous giving:
Bequests: Gifts by will or revocable living trust may be for a specific dollar amount, a percentage of your total estate or a residual amount remaining after all specific bequests and expenses have been paid.
Beneficiary Designations: By naming the OHSU Multiple Sclerosis Center as a beneficiary of retirement plans, life insurance policies, transfer-on-death accounts and commercial annuities you can control your funds during your life and avoid income and estate taxes on your death.
Life Income Gifts: This gift allows you to make a significant contribution while protecting or improving your personal financial situation. These gift plans provide income for life, an immediate income tax deduction and the potential for reduced estate taxes. The most common life income gifts are charitable gift annuities and charitable remainder trusts.
Real Estate with Retained Life Interest: A gift of a remainder interest in real estate allows you to transfer ownership while retaining the right to live in your residence for the remainder of your life. An income tax reduction is available for a portion of the value of the real estate. It is also possible to convert the retained life interest to a stream of income.
Giving to the OHSU Multiple Sclerosis Center via these or other gift vehicles can give hope to those with multiple sclerosis and at the same time avoid excessive taxes.
For more information or to talk to a gift planner at OHSU foundation, contact Lori Sweeney, Development Director, Neurosciences, OHSU. Phone: 503 494-7455