By making a planned gift, you will help us strengthen our Central Oregon senior community. Your generous gift helps fund our services like Meals on Wheels and other life-changing programs now and into the future. Here are some of the ways that you can plan ahead for your gift to the Council on Aging.
Plan a gift in your will
Bequeathing money or other assets is one of the most impactful ways you can help the vulnerable older adults in our community. Leaving a planned gift in your will allows you to direct your assets to what matters most to you and helps us provide services to the most vulnerable seniors in the tri-county.
Qualified Charitable Distribution Through an IRA
If you are over 72, you may be able to transfer up to $100,000 from your IRA to the Council on Aging to satisfy all or a portion of your Required Minimum Distribution (RMD) without paying any federal income tax. Simply ask your IRA plan administrator to make a charitable distribution to the Council on Aging.
IRA gifts to the Council on Aging can reduce your future tax burden and help fulfill your required minimum distribution for the current calendar year.
NOTE: Rollovers can only be made from traditional IRAs. Rollovers from 403(b) plans, 401(k) plans, pension plans, and other retirement plans do not qualify. Funds must come directly from the plan administrator to the charity.
Make the Council on Aging a beneficiary of your Life Insurance Policy
Policies that are no longer needed for family or business protection purposes make excellent charitable gifts. When you transfer ownership of the policy to the Council on Aging, the cash value of the policy is a tax-deductible gift, as are all future premium payments.
Name Council on Aging as a charitable beneficiary of your Donor-Advised Fund
If you have a donor-advised fund and you choose not to name an account successor, you can specify that the fund’s remaining assets go to the Council on Aging. Naming the Council on Aging as a beneficiary of retirement plans and deferred annuities allows you access to the funds during life and provides probate-free transfer of assets to the Council on Aging. This type of estate gift can diminish tax consequences while improving the lives of seniors who need help most.
