Planned Giving Information | Support | OETA

CASH  |  STOCKS AND BONDS  |  REAL ESTATE  |  RETIREMENT PLAN ASSETS
LIFE INSURANCE  |  COLLECTIVES AND ARTWORKS  |  RETAINED LIFE ESTATE
BUSINESS INTERESTS  |  US SAVINGS BONDS

CASH
Cash gifts are the simplest way to give. You can deduct a cash gift for income tax purposes in the year in which you contribute it. Your cash gifts are deductible up to 50 percent of your adjusted gross income for the taxable year, and any excess is deductible over the next five years. Checks should be made payable to OETA Foundation and sent to us at 7403 North Kelley Avenue, Oklahoma City, OK 73111.

STOCKS AND BONDS
If you contribute long-term appreciated securities to OETA, you get a two-fold income tax benefit — you can deduct the full present fair market value, and you owe no tax on the appreciation in value.vPlease contact us for specific instructions on how to transfer stocks and bonds to OETA: OETA Foundation, 7403 North Kelley Avenue, Oklahoma City, OK 73111, (405) 848-8501, llee@oeta.tv.

If you want to give us securities on which you have a loss, consider selling them yourself instead and then donating the proceeds to us. That way, you’ll have a loss deduction to offset any gains on sales, plus you’ll still get your charitable deduction.

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.

To Learn More
​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: Louise Lee, OETA Foundation, 
7403 North Kelley Avenue, Oklahoma City, OK 73111, (405) 848-8501, llee@oeta.tv.

REAL ESTATE
Viewers who wish to establish funds to support future programming at OETA may have an advantage if they can contribute real estate. A contribution of real estate — whether it’s your personal residence, a vacation home, a farm, commercial real estate, or vacant land — may enable you to enjoy attractive personal benefits while at the same time supporting your public television station.

Implications of a Sale Versus a Gift
When you sell your home, you may qualify for an exclusion of up to $250,000 ($500,000 if married) of the gain, eliminating capital gains tax on anything up to that amount. This exemption applies if you’ve used the home as your primary residence at least two of the past five years.

However, this capital gains tax break doesn’t apply for sales of any real estate other than your primary residence. One way to avoid capital gains tax on real estate is to contribute it to OETA. You avoid the capital gains tax and enjoy an income tax charitable deduction for the appraised value of the property.

Review the Benefits
Property that has been owned more than a year makes an excellent charitable contribution and promises you several advantages:

  • You avoid the time-consuming process of selling the property.
  • You no longer have to pay the taxes and upkeep.
  • You obtain an income tax charitable deduction equal to the property’s full fair market value (if held more than a year) instead of the lower cost basis.
  • You avoid tax on the property’s appreciation.
  • The transfer isn’t subject to the gift tax, and it may reduce your taxable estate.

Give your home or other real estate to OETA — your personal satisfaction is complemented by valuable tax benefits.

To Learn More
​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: Louise Lee, OETA Foundation, 
7403 North Kelley Avenue, Oklahoma City, OK 73111, (405) 848-8501, llee@oeta.tv.

RETIREMENT PLAN ASSETS
Many viewers tell us OETA means more to them in retirement than ever before. They also have discovered that their Individual Retirement Accounts (IRA) or other retirement plans provide them with interesting gift planning options to help fund the future of the programs they enjoy so much.

Did you know that your retirement plan assets may be facing double taxation? When you leave these assets to your heirs, you’ll generate “income in respect of a decedent.” So not only may the inheritance you leave be diminished by estate taxes, but the recipient also must pay income taxes on it!

Your decision of who gets the remainder of your retirement plan should depend on your family’s circumstances. If you can make other provisions for them, there’s a better option for your retirement plan assets – a gift to OETA.

Many Ways to Give
If you’ve already provided for your relatives in your estate plan, simply name OETA Foundation as the primary beneficiary of your retirement assets. Or, consider a couple of other possibilities:

  • Designate a specific amount to be paid to OETA Foundation, before the division of the remainder among family beneficiaries.
  • Name OETA Foundation the beneficiary of part, or even all, of the balance remaining after your spouse’s or another beneficiary’s lifetime.

To Learn More
​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: Louise Lee, OETA Foundation, 
7403 North Kelley Avenue, Oklahoma City, OK 73111, (405) 848-8501, llee@oeta.tv.

LIFE INSURANCE
It is not uncommon for viewers to have purchased life insurance coverage when their families were young and the reason for having this financial protection was clear. As they got older, the insurance benefits became less necessary. In some cases, these assets became perfect gifts to support the future of OETA.

An Easier Way to Give
When considering a contribution to OETA, a gift of your life insurance could be a sensible as well as generous course of action:

  • You may save taxes this year through an income tax charitable deduction when you transfer ownership of a policy that has a cash surrender value.
  • You may increase after-tax income when the money you were spending on premiums now becomes a deductible charitable gift to OETA Foundation.

You reduce potential estate taxes because the proceeds are completely removed from your taxable estate.

Would You Rather Keep It?
We realize that if you still need your life insurance for your future financial security, or that of someone in your family, those concerns come first. But here are ways you can safeguard personal requirements and still remember OETA.

  • Name us the contingent beneficiary, and then we receive the proceeds should your primary beneficiary predecease you.
  • Name us a beneficiary, but keep ownership, and you retain control of your policies.
  • Create a trust to receive the policy proceeds. Then the funds are invested for a family member’s support after your lifetime; when that person dies, the trust remainder can be paid to OETA Foundation.

These plans will not entitle you to an income tax deduction, but they will satisfy your natural desire to use the policies for personal and family responsibilities as long as required and to support our wonderful programs later.

To Learn More
​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: Louise Lee, OETA Foundation, 
7403 North Kelley Avenue, Oklahoma City, OK 73111, (405) 848-8501, llee@oeta.tv.

COLLECTIVES AND ARTWORKS
Viewers who would like to make sizable contributions from their estate plans sometimes find that it makes sense to consider leaving a valuable coin collection, rare book, antique chair, or other work of art to OETA in their will. The estate gets a full tax deduction for the value of the asset contributed. We will, most likely, sell it and invest the proceeds in the endowment to support the programs you enjoy. While these kinds of assets could be contributed while you are living, your tax incentives are probably less than if you leave them to us via your estate plan.

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.

To Learn More
​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: Louise Lee, OETA Foundation, 
7403 North Kelley Avenue, Oklahoma City, OK 73111, (405) 848-8501, llee@oeta.tv.

RETAINED LIFE ESTATE
Did you realize you can give OETA your residence and continue to enjoy its use for life? It’s true. You can give us your house or apartment and receive a charitable deduction for it, even though you continue living there. This is called a retained life estate.

Give Your Home But Enjoy Life Use
Let’s assume you like the tax advantages that a charitable gift of real estate would offer, but you want to continue living in your personal residence for your lifetime. You’d like to retain the right to rent your house or make improvements. You may also want a survivor (perhaps your spouse) to enjoy life occupancy. But ultimately, you’d like for OETA to be able to sell the property and use the proceeds to support the programs you enjoy.

You can deed your home to us now, subject to all these rights, and still obtain valuable tax savings.

Consider the Tax Implications
A gift of your home, farm, vacation home, or condominium, even with stipulations about occupancy, results in an income tax charitable deduction.

There may also be estate tax savings, as well. When you leave the home to your spouse through your will or some form of joint ownership, it’s generally not subject to federal estate tax. However, if you want anyone else to live in the home after your lifetime, you pay a substantial estate tax to leave the property to them.

The retained life estate provides you with a way to let someone other than your spouse have life occupancy of your home without the associated tax payments.

Personal Satisfaction Added To Tax Benefits
If you are considering leaving your residence to OETA, ask us about a retained life estate. Besides the income and estate tax advantages you would enjoy, you’ll have the personal satisfaction of creating a significant gift to OETA.

To Learn More
​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: Louise Lee, OETA Foundation, 
7403 North Kelley Avenue, Oklahoma City, OK 73111, (405) 848-8501, llee@oeta.tv.

BUSINESS INTERESTS
If you own shares of stock in a closely held corporation, you might want to consider donating some of them to OETA. There can be tax benefits for you and, perhaps, for the company as well. Although we cannot be legally bound to do so, it is very likely that OETA will offer the shares for redemption by the company soon after receiving them. This provides OETA with much needed funds and you retain full control of the corporation.

It is important, however, that you contact us before making any such arrangements. We can then determine if OETA has the ability to accept your gift of closely held stock.

To Learn More
​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: Louise Lee, OETA Foundation, 
7403 North Kelley Avenue, Oklahoma City, OK 73111, (405) 848-8501, llee@oeta.tv.

US SAVINGS BONDS
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.

To Learn More
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: Louise Lee, OETA Foundation, 
7403 North Kelley Avenue, Oklahoma City, OK 73111, (405) 848-8501, llee@oeta.tv.

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