Although it is not possible to make a lifetime charitable gift of a savings bond without first paying the tax on the interest earned, it does make an excellent asset to bequeath to OETA. Why? Because savings bonds generate “income in respect of a decedent.” That means, if you die owning them the accumulated interest is taxed before the heirs inherit them. However, if they are left to an organization like OETA, that tax is not due. Check with your advisors about the best way to bequeath your savings bonds to OETA.
Please contact us to get information on giving US Savings Bonds.
Estate plans should be made with your financial advisor. OETA Foundation will be happy to work with you and your professional advisor to discuss the benefits of the plans listed here and how they can work for you. Please contact us anytime.
7403 North Kelley Avenue
Oklahoma City, OK 73111