A GIFT AFTER MY LIFETIME
A GIFT IN YOUR WILL OR LIVING TRUST
In as little as one sentence, you can complete your gift through your will or living trust. A bequest allows you to leave money to O’Hara Catholic School and provides flexibility to change your will if life circumstances change. A donation to O’Hara in your will or living trust helps ensure that we continue our mission for years to come.
LIFE INSURANCE
Perhaps you have a policy that has outlasted its original intended purpose. You can make a gift of life insurance to O’Hara Catholic School by naming us a beneficiary of the policy. This gift is as simple as updating your beneficiary designation form with the policyholder. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn't survive you.
RETIREMENT PLANS
Money in an employee retirement plan, IRA or tax-sheltered annuity has yet to be taxed. When a distribution is made from your retirement plan account to a beneficiary, that person will owe federal income tax.
Consider leaving your loved ones less heavily taxed assets and leaving your retirement plan assets to O’Hara Catholic School. As a nonprofit organization, we are tax-exempt and will receive the full amount of what you designate. You can take advantage of this gift opportunity in the following ways:
Name us a beneficiary of your plan. This requires you to update your beneficiary designation form through your plan administrator. Here, you can designate O’Hara Catholic School as the primary beneficiary for a percentage or specific amount. You can also make O’Hara the contingent beneficiary so that the school will receive the balance of your plan only if your primary beneficiary doesn't survive you.
A qualified charitable distribution (QCD) allows individuals who are 70½ years old or older to take advantage of a simple way to help our mission and receive tax benefits in return. You can give any amount up to $105,000 annually from your IRA directly to a qualified charity, such as O’Hara Catholic School, without having to pay income taxes on the distribution. This popular gift option is also commonly called the IRA charitable rollover.
We are grateful to our donors for the many ways they support us; we take seriously our contract with donors to be responsible stewards of their donations. With any planned gift, we recommend our donors meet with their tax and financial advisors prior to finalizing any gift.
Have you included a gift in your will or trust to O’Hara Catholic School? Please take a minute to fill out this form so we can thank you for your lasting commitment to our mission and ensure our records are updated!
Have a Question?
We would be happy to speak with you, with no obligation.
Michelle Meador
Director of Advancement
(541) 485-5291
mmeador@oharaschool.org
Federal tax ID number: 93-0599000