 |  |  |  |  |  |  |
| . |
| . |
One of the simplest planned gifts is a bequest through your will in which you designate either a
specific dollar amount or a percentage of your estate after other disbursements. In addition to
supporting the Council on Aging, it serves as an example to your heirs of the values and ideals you
hold dear.
Life Insurance
If you have an insurance policy that is no longer needed for the purpose it was originally purchased,
you may wish to change the beneficiary to the Council on Aging. You may also consider making a gift
of a policy itself to the Council on Aging and contribute funds to enable the Council on Aging to pay
the insurance premiums. The value of an ordinary policy at the time of the gift is tax deductible. If
you continue paying the premiums, they also are deductible as charitable contributions. If a paid-up
policy is given, the cost of purchasing a new paid-up policy at your current age is the value of the
charitable deduction.
Other Planned Giving Options
There are many other powerful ways to combine continuing support to the Council on Aging with tax
benefits and income for you and your loved ones.
Charitable Gift Annuity
In exchange for your gift of cash or marketable securities to the Council on Aging, we agree to pay
you (and a survivor or other beneficiary) a fixed amount annually for your lifetime. The transfer is
part gift and part purchase of an annuity. The rate of return is attractive and the payments are
guaranteed for life.
Charitable Remainder Trust
This life income plan is created by transferring assets to a trust that pays you (and another
beneficiary, if you wish) a specified amount annually for life. At the end of the trust, the remaining
trust assets are transferred to the Council on Aging. A bank or trusted advisor can serve as trustee.
Charitable Lead Trust
Individuals with very large estates can use a charitable lead trust to benefit the Council on Aging
and pass principal to family members at a greatly reduced tax cost. It works like this: You transfer
assets to a trust that provides payments to the Council on Aging for a term of years. Then the trust
principal goes to your children, grandchildren, or others free of, or at greatly reduced, federal gift and
estate tax.
Gift of Retirement Plans
Many individuals today have large qualified retirement plans such as an IRA, 401(k), or Keogh plan.
These assets have been growing tax-free for years. Once the owner begins to receive payments
from the qualified plans, the distributions are taxed. The plans are also included in the owner's
taxable estate. A retirement plan may be an excellent source of funds for making a gift to the Council
on Aging.
Join Council on Aging’s Pay It Forward Endowment Society
The Council on Aging is honored to be remembered by the community and our friends. Estate gifts
are personal and make a significant impact on our ability to continue services to seniors. We take
your commitment and the responsibility for providing for seniors seriously. A Statement of Intent to
bequeath a future gift upon the Council on Aging entitles you to membership in our treasured Pay It
Forward Endowment Society. Your membership allows us to thank you during your lifetime.
Please mail your Statement of Intent to the following address:
COCOA, 373 NE Greenwood Ave., Bend, OR 97701
541.678.5483 - Fax: 541.647.2689
Your contributions enable the Council on Aging to continue providing services for seniors. Future
generations of seniors depend on the important decisions we make today!
specific dollar amount or a percentage of your estate after other disbursements. In addition to
supporting the Council on Aging, it serves as an example to your heirs of the values and ideals you
hold dear.
Life Insurance
If you have an insurance policy that is no longer needed for the purpose it was originally purchased,
you may wish to change the beneficiary to the Council on Aging. You may also consider making a gift
of a policy itself to the Council on Aging and contribute funds to enable the Council on Aging to pay
the insurance premiums. The value of an ordinary policy at the time of the gift is tax deductible. If
you continue paying the premiums, they also are deductible as charitable contributions. If a paid-up
policy is given, the cost of purchasing a new paid-up policy at your current age is the value of the
charitable deduction.
Other Planned Giving Options
There are many other powerful ways to combine continuing support to the Council on Aging with tax
benefits and income for you and your loved ones.
Charitable Gift Annuity
In exchange for your gift of cash or marketable securities to the Council on Aging, we agree to pay
you (and a survivor or other beneficiary) a fixed amount annually for your lifetime. The transfer is
part gift and part purchase of an annuity. The rate of return is attractive and the payments are
guaranteed for life.
Charitable Remainder Trust
This life income plan is created by transferring assets to a trust that pays you (and another
beneficiary, if you wish) a specified amount annually for life. At the end of the trust, the remaining
trust assets are transferred to the Council on Aging. A bank or trusted advisor can serve as trustee.
Charitable Lead Trust
Individuals with very large estates can use a charitable lead trust to benefit the Council on Aging
and pass principal to family members at a greatly reduced tax cost. It works like this: You transfer
assets to a trust that provides payments to the Council on Aging for a term of years. Then the trust
principal goes to your children, grandchildren, or others free of, or at greatly reduced, federal gift and
estate tax.
Gift of Retirement Plans
Many individuals today have large qualified retirement plans such as an IRA, 401(k), or Keogh plan.
These assets have been growing tax-free for years. Once the owner begins to receive payments
from the qualified plans, the distributions are taxed. The plans are also included in the owner's
taxable estate. A retirement plan may be an excellent source of funds for making a gift to the Council
on Aging.
Join Council on Aging’s Pay It Forward Endowment Society
The Council on Aging is honored to be remembered by the community and our friends. Estate gifts
are personal and make a significant impact on our ability to continue services to seniors. We take
your commitment and the responsibility for providing for seniors seriously. A Statement of Intent to
bequeath a future gift upon the Council on Aging entitles you to membership in our treasured Pay It
Forward Endowment Society. Your membership allows us to thank you during your lifetime.
Please mail your Statement of Intent to the following address:
COCOA, 373 NE Greenwood Ave., Bend, OR 97701
541.678.5483 - Fax: 541.647.2689
Your contributions enable the Council on Aging to continue providing services for seniors. Future
generations of seniors depend on the important decisions we make today!
| . |
You can make a difference by supporting the Council On Aging!
| A $1 donation is requested – donations will support the efforts of COCOA in taking care of seniors in our community. Questions? Email Us Now -- Download Flyer |
| Make your tax-deductible donation now using our secure online services through PayPal: |